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Persistent link: https://www.econbiz.de/10012818957
-level trade flows with firm-specific instrumental variables based on world demand and supply shocks. Both export and offshoring … shocks have a positive effect on wages. Exports increase wages for all occupational categories while offshoring has … elasticity of wages with respect to exports and offshoring is higher than in firms with no collective bargaining. Wage gains …
Persistent link: https://www.econbiz.de/10010488816
Persistent link: https://www.econbiz.de/10013075538
This paper builds a model that examines firm heterogeneity across two dimensions: productivity and quality. We show that when firms are able to choose their input quality and there exists a negative relationship between a firm's product quality and their marginal cost, this can lead to a...
Persistent link: https://www.econbiz.de/10012911674
, focusing on how firms select into exporting, and how firms respond to international shocks. Finally, we turn to a "real world …
Persistent link: https://www.econbiz.de/10011610238
Although economists have long been aware of Jensen's inequality, many econometric applications have neglected an important implication of it: estimating economic relationships in logarithms can lead to significant biases in the presence of heteroskedasticity. This paper explains why this problem...
Persistent link: https://www.econbiz.de/10014067562
This chapter was prepared for the Handbook of International Economics (Vol. 5) edited by Gita Gopinath, Elhanan Helpman, and Kenneth Rogoff. We provide a review of the recent literature —both theoretical and empirical — analyzing the multi-dimensional connections between globalization and...
Persistent link: https://www.econbiz.de/10013309009
equilibrium model of world trade (GTAP). Our finding is that developed countries have little incentive for protectionist misuse of … better enforcement of labour standards in the south to correct vertical distribution effects of world trade in the north are …
Persistent link: https://www.econbiz.de/10014089104
The WTO Global Trade Model is employed to project the medium-run economic effects of a global trade conflict. The trade conflict scenario is based on recent estimates in the literature of the difference between cooperative and non-cooperative tariffs. The study provides three main insights....
Persistent link: https://www.econbiz.de/10011992778
The robust empirical finding that exporting firms are systematically different from firms that merely serve domestic consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The establishment of a canonical model due to Melitz (2003) has...
Persistent link: https://www.econbiz.de/10010286896