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Trade Dynamics and Endogenous Growth : An Overlapping-Generations Analysis

Mountford, Andrew - 2011

with endogenous growth. It analyzes the global dynamics of this model for both a closed economy and a two-country world … economy. It shows how international trade can cause the world economy to sort itself out into groups of fast and slow … for empirical papers that find that the world distribution of income is diverging …

Persistent link: https://www.econbiz.de/10014184086

Dependency Ratio and International Trade

Tian, Wei; Yao, Yang; Yu, Miaojie; Zhou, Yi - 2013

Demographic structure has both the scale effect and the structural effect on bilateral trade. The "scale effect" refers that a low dependency ratio of exporter can produce and export more. Similarly, importer's low dependency ratio can induce more income and hence import more. The "structural...

Persistent link: https://www.econbiz.de/10014184481

Does WTO Matter for the Extensive and the Intensive Margins of Trade?

Dutt, Pushan; Mihov, Ilian; Van Zandt, Timothy - 2011

We use 6-digit bilateral trade data to document the effect of WTO/GATT membership on the extensive and intensive product margins of trade. We construct gravity equations for the two product margins where the specifications of these gravity equations are motivated by the model of Eaton and Kortum...

Persistent link: https://www.econbiz.de/10014185610

Criticizing the Critique : Some Methodological Insights into the Debate on the State of Economic Theory in the Face of the Post 2008 Crisis

Hardt, Lukasz - 2010

The aim of this paper is to investigate the current debate on the state of economics from a methodological perspective. We claim that the majority of contributions criticizing modern economics are not based on clear methodological principles and thus many of them are not correct. We show this...

Persistent link: https://www.econbiz.de/10014191529

Financial Constraints, the Distribution of Wealth and International Trade

Amissah, Emmanuel Bentum; Bougheas, Spiros; Falvey, Rod - 2010

We develop a simple theoretical model to examine the impact of the distribution of wealth on the patterns of trade when capital markets are imperfect. Our model predicts that the dispersion of wealth can be a determinant of comparative advantage for low-income countries with poor financial...

Persistent link: https://www.econbiz.de/10014191532

How Does National Foreign Trade React to the European Central Bank’s Policy?

Tria, Giovanni; Galloppo, Giuseppe - 2010

This paper examines how external foreign trade reacts to the European Central Bank’s (ECB) Official Discount Rate, considering exports to the US and Japan in EU27 and in four European countries. Although many previous studies have measured the cointegration and causality among exchange rate,...

Persistent link: https://www.econbiz.de/10014191886

Sectoral Value Added Prices, TFP Growth, and the Low-Skilled Wage in High-Income Countries

Luecke, Matthias - 1999

This econometric analysis investigates the impact of changes in sectoral value-added prices and total factor productivity (TFP) on the equilibrium relative wage of low-skilled workers in eleven high-income countries. The key finding is that TFP growth mandated an increase in the unskilled wage,...

Persistent link: https://www.econbiz.de/10014192162

Tactical Voting in Plurality Elections

Andrade Jr., José S.; Araujo, Nuno A.M; Herrmann, Hans J. - 2010

How often will elections end in landslides and what is the probability for a head-to-head race? Analyzing ballot results from several large countries rather anomalous and yet unexplained distributions have been observed. We identify tactical voting as the driving ingredient for the anomalies and...

Persistent link: https://www.econbiz.de/10014194397

Trade, Markup Heterogeneity and Misallocations

Epifani, Paolo; Gancia, Gino - 2010

Markups vary widely across industries and countries, their heterogeneity has increased overtime and asymmetric exposure to international trade seems partly responsible for this phenomenon. In this paper, we study how the entire distribution of markups affects resource misallocation and welfare...

Persistent link: https://www.econbiz.de/10014197898

Estimating Gravity Equations with Endogeneous Trade Costs

Rudolph, Stephan - 2010

A basic assumption of the gravity equation of international trade is that increasing trade costs lower exports. But intuition and theory imply that a high export volume lowers bilateral trade costs as well, because a fixed cost intensive trade sector probably bears lower average costs with more...

Persistent link: https://www.econbiz.de/10014198178