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The pattern of U.S. state exports to foreign destination--which states export which goods to which destinations|has not been studied in detail despite the high profile of exports in the public consciousness. Currently there is not a clear description of facts characterizing exports for all...
Persistent link: https://www.econbiz.de/10008646300
Because of more restrictive assumptions on regional input-output (IO) models compared to computable general equilibrium (CGE) models, the literature agrees IO results are intuitively consistent with long run equilibrium but otherwise overestimated. We compare the results of IO and CGE models...
Persistent link: https://www.econbiz.de/10008646302
From 1997 to 2008, Texas shipped 40 percent of its manufacturing exports to Mexico. This puts Texas-Mexico among the largest state-country trading relationships. But this share has been declining recently. A gravity equation cannot account for either of these facts, even though Texas and Mexico...
Persistent link: https://www.econbiz.de/10008691067
Because of more restrictive assumptions on regional input-output (IO) models compared to computable general equilibrium (CGE) models, IO results are thought to be consistent with long-run equilibrium but otherwise overestimated. We compare IO and CGE models' response to a shock to Washington...
Persistent link: https://www.econbiz.de/10010812605
The Ellison-Glaeser (1997) index is an unbiased statistic of industrial localization. Though the expected value of the index is known, ad hoc values are used to interpret the extent of localization. We improve on the interpretation of the index by simulating condence intervals while varying the...
Persistent link: https://www.econbiz.de/10010586080
Deardorff's (2004) broad definition of technology in Ricardian trade models is useful for extending the explanatory power of comparative advantage to account for a fact on firm level exporter clustering unexplained under the standard definition.
Persistent link: https://www.econbiz.de/10010548867
Persistent link: https://www.econbiz.de/10010578864
Forty US states operated an overseas office in 2002. Treating overseas offices as sales offices, the model assumes offices facilitate exports by reducing the transaction cost of selling abroad. From theory, states operate an office if aggregate savings outweigh operating costs. Exploiting the...
Persistent link: https://www.econbiz.de/10010889690
The Ellison and Glaeser (1997) index is an unbiased statistic of industrial localization. Though the expected value of the index is known, ad hoc thresholds are used to interpret the extent of localization. We improve the interpretation of the index by simulating confidence intervals that a...
Persistent link: https://www.econbiz.de/10010777022
The pattern of U.S. state exports to foreign destinations—which states export which goods to which destinations—has not been studied in detail despite the high profile of exports in the public consciousness. Currently there is not a unified description of facts characterizing exports for all...
Persistent link: https://www.econbiz.de/10010683570