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Neither of the major negotiations underway in the Asia-Pacific region, the Regional Comprehensive Economic Partnership and the Trans-Pacific Partnership, includes both China and the United States. By failing to connect these economies, these agreements would leave much of the economic and...
Persistent link: https://www.econbiz.de/10014141306
How does import protection affect export performance? In trade models with scale economies, import liberalization can reduce industry-level exports by cutting domestic production. We show that this export destruction mechanism reduced US export growth following the permanent normalization of...
Persistent link: https://www.econbiz.de/10012817913
How does import protection affect export performance? In trade models with scale economies, import liberalization can reduce industry-level exports by cutting domestic production. We show that this export destruction mechanism reduced US export growth following the permanent normalization of...
Persistent link: https://www.econbiz.de/10013300868
Persistent link: https://www.econbiz.de/10003818522
to leave the market, thereby affecting aggregate productivity. Since wage and productivity responses are endogenous, our … model is well suited to studying the impact of trade integration on aggregate productivity and factor prices. Using Canada … of removing the Canada-US border on wages, productivity, mark-ups, the share of exporters, the mass of varieties produced …
Persistent link: https://www.econbiz.de/10011599058
We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity …
Persistent link: https://www.econbiz.de/10011447515
spillovers from incumbent firms to entrants cause the productivity threshold for firm survival to grow over time as competition …
Persistent link: https://www.econbiz.de/10011374302
This paper proposes a model that accounts for “export platform†FDI – a form of FDI that is common in the data but rarely discussed in the theoretical literature. Unlike the previous literature, this paper’s theory nests all the typical modes of supply, including exports,...
Persistent link: https://www.econbiz.de/10011134413
The European Union and the United States offer, simultaneously, preferential market access to exports of a group of African countries. Although similar regarding the extent of preferences for apparel, a key sector for least developed countries, these agreements differ as regards rules of origin...
Persistent link: https://www.econbiz.de/10013151185
This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...
Persistent link: https://www.econbiz.de/10009511759