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previous periods returns, incomplete specialization is optimal. We also demonstrate that, in this case, the decentralized … solution is characterized by an inefficiently high level of specialization with respect to the social optimal one. Finally, we … adopt the optimal specialization strategy, i.e. the one that maximizes the country growth rate …
Persistent link: https://www.econbiz.de/10012729579
We explore how public investment in commercial infrastructure affects the composition of trade between countries. To this end, we develop a model of bilateral trade in which two countries produce, consume, and trade a continuum of goods. Goods are produced by a single homogeneous factor, labor,...
Persistent link: https://www.econbiz.de/10012864817
The import intensive food processing sector in Malaysia is highly regulated with non-tariff measures (NTMs) from the import side. However, the ad-valorem equivalents (AVEs) of those NTMs vary substantially across the sub-sectors of food processing. To assess the trade costs or plausible...
Persistent link: https://www.econbiz.de/10014105452
We develop a procedure to rank-order countries and commodities using dis-aggregated American imports data. We find strong evidence that both countries and commodities can be ranked, consistent with the "product cycle" hypothesis. Countries habitually begin to export goods to the United States...
Persistent link: https://www.econbiz.de/10014073795
Exporting is crucial to a country’s trade performance in terms of increasing its foreign exchange reserves and improving the terms of trade. At the firm-level too, exporting serves significant purpose by enhancing sustainability, profitability, and competitive position of firms in long-run....
Persistent link: https://www.econbiz.de/10014036688
This paper examines the determinants of international competitiveness at the level of sectors and firms. First, we address the relation between cost-related and technological competition in a sample of fifteen OECD countries. Results suggest that the countries' sectoral market shares are indeed...
Persistent link: https://www.econbiz.de/10011730097
localization can be expressed in terms of absolute and relative concentration and specialization measures. This helps understand … artifact inherited from the characteristics of industry classifications. -- Localization ; Concentration ; Specialization …
Persistent link: https://www.econbiz.de/10008699611
Spanish Abstract: El presente estudio es producto del trabajo de investigación que se realizó durante el año 2012 dentro del Taller de Investigación Comercial, Aduanera y Observatorio de Negocios de la Universidad Autónoma de Baja California Sur. El objetivo de este trabajo es constrastar...
Persistent link: https://www.econbiz.de/10013062841
This chapter covers the theory and methods for productivity measurement for nations. Labor, multifactor and total factor productivity measures are defined and are related to each other and to gross domestic product (GDP) per capita. Their growth over time and relative counterparts are defined as...
Persistent link: https://www.econbiz.de/10014024949
Large cities (central places) excessively export to smaller cities in their surrounding hinterland. Using Japanese inter-city trade data, we identify a substantial centrality bias: Shipments from central places to their hinterland are 50%-125% larger than predicted by gravity forces. This upward...
Persistent link: https://www.econbiz.de/10014285470