-
作者：Sandkamp, Alexander
作者单位：University of Kiel; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW)
摘要：This paper exploits the 2004 EU enlargement as a natural experiment to estimate the effects of antidumping (AD) duties on import prices and quantities. The automatic extension of EU AD policy to new member states following their accession is exogenous to new members' trade shocks. Using this source of variation, the paper shows that, on average, AD duties raise producer prices of targeted exporters. However, import prices from countries with non-market economy status (NMES) - notably China - r...
-
作者：Bond, Eric W.; Saggi, Kamal
作者单位：Vanderbilt University
摘要：This paper develops a North-South model to evaluate the South's incentive for patent protection when a Northern firm's investment in quality-enhancing research and development (R&D) is affected by its patent policy. The model is used to (a) evaluate the impact of requiring the South to fulfill its key WTO obligation of instituting patent protection and (b) to address the role of two major flexibilities that wro members enjoy with respect to their patent policies: the freedom to implement exhau...
-
作者：Besedes, Tibor; Kohl, Tristan; Lake, James
作者单位：University System of Georgia; Georgia Institute of Technology; University of Groningen; Southern Methodist University
摘要：An important stylized fact in the empirical Free Trade Agreement (FTA) literature is that member trade flows gradually increase over time following an FTA. Baier and Bergstrand (2007) suggest two explanations: tariff phase-out and delayed pass-through of tariffs into import prices. We examine these hypotheses using 1989-2016 U.S. import growth and product-level data on the tariff phase-out negotiated under NAFTA and the earlier Canada-U.S. FTA. We do not find evidence supporting either hypothe...
-
作者：Ma, Lin; Ruzic, Dimitrije
作者单位：National University of Singapore; INSEAD Business School
摘要：This paper documents empirically that access to global markets is associated with a higher executive-to-worker pay ratio within the firm. It then uses China's 2001 accession to the World Trade Organization as a trade shock to show that firms that exported to China prior to 2001 subsequently exported more, grew larger, and grew more unequal in terms of executive-to-worker pay. To evaluate analytically and quantitatively the impacts of globalization on top income inequality, this paper builds a ...
-
作者：Takats, Elod; Temesvary, Judit
作者单位：Bank for International Settlements (BIS); Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：We investigate how the use of a currency transmits monetary policy changes in the global banking system. We use a newly available rarely accessed dataset on the bilateral cross-border lending flows of 27 BIS-reporting lending banking systems to borrowers in 51 countries, broken down by currency denomination (USD, EUR and JPY). We have threemain findings. First, we identify a currency dimension of the international bank lending channel: monetary changes in a currency significantly affect cross-...
-
作者：Ariu, Andrea; Mayneris, Florian; Parenti, Mathieu
作者单位：University of Milan; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut; University of Quebec; University of Quebec Montreal; Universite Libre de Bruxelles
摘要：In this paper, we take advantage of a uniquely detailed dataset on firm-level exports of both goods and services to show that the provision of services increases firms' manufacturing export values, quantities and prices. The services provision accounts for up to 22.4% of the manufacturing exports of bi-exporters (i.e., the firms that export both goods and services), and 11.8% of overall goods exports from Belgium. To rationalize these findings, we propose a model of oligopolistic competition i...
-
作者：Hsieh, Chang-Tai; Li, Nicholas; Ossa, Ralph; Yang, Mu-Jeung
作者单位：University of Chicago; National Bureau of Economic Research; University of Zurich; University of Toronto; Utah System of Higher Education; University of Utah
摘要：We challenge the conventional wisdom on the variety and productivity gains from trade liberalization which are commonly referred to as new gains from trade. In particular, we show that the import variety gains measured in studies such as Broda and Weinstein (2006) are counteracted by exactly analogous domestic variety losses. Similarly, we show that the domestic productivity gains measured in studies such as Trefler (2004) are counteracted by exactly analogous import productivity losses. We th...
-
作者：Lake, James; Nken, Moise; Yildiz, Halis Murat
作者单位：Southern Methodist University; University West Indies Mona Jamaica; Toronto Metropolitan University
摘要：We show that multilateral tariff binding liberalization substantially impacts the nature and extent of Preferential Trade Agreement (PTA) formation. First, it shapes the nature of forces constraining expansion of Free Trade Agreements (FTAs). The constraining force is a free riding incentive of FTA non-members under relatively high bindings but an exclusion incentive of FTA members under relatively low bindings. Second, multilateral tariff binding liberalization shapes the role played by PTAs ...
-
作者：Bahar, Dany
作者单位：Brookings Institution
摘要：Using a unique global dataset on multinational corporations (MNCs) with precise location of headquarters and affiliates, I present evidence of a trade-off between distance to the headquarters and knowledge intensity of the affiliates' economic activity. This trade-off is strongly diminished the higher the overlap inworking hours between the headquarters and the affiliate. In order to rule out biases arising fromconfounding factors, I implement a regression discontinuity framework to show that ...
-
作者：Kohl, Miriam
作者单位：Johannes Gutenberg University of Mainz
摘要：This paper examines the distributional effects of international trade in a general equilibrium model with heterogeneous agents and a welfare state redistributing income. The redistribution scheme is financed by a progressive income tax and gives the same absolute transfer to all individuals. Ceteris paribus, international trade leads to an increase in income per capita but also to higher income inequality on two fronts. Inter-group inequality between managers and workers increases, and intra-g...
