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We exploit gaps between observed and recently forecasted GDP growth in export destinations to estimate the effects of … unexpected export shocks on worker compensation. Using employer-employee panel data, we find that these export shocks are partly … export revenues is also mainly driven by wage effects in the same subset of firms. This suggests that the way in which …
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trade driven by comparative advantage, the analysis demonstrates that higher levels of export intensity (exports as a share … changes in export intensity are only weakly associated with changes in specialization. This occurs because comparative …
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A major feature of globalization has been the enormous increase in international flows of goods and services: countries are now trading much more with each other. In this article, the authors demonstrate the greater role vertical specialization is playing in these increased flows. Vertical...
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