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作者：Muuls, Mirabelle
作者单位：Imperial College London; University of London; London School Economics & Political Science; European Central Bank; National Bank of Belgium
摘要：This paper analyzes the interaction between credit constraints and trading behavior, decomposing trade in extensive and intensive margins. I construct a unique dataset containing firm-level trade transaction data, balance sheets and credit scores from an independent credit insurance company for Belgian manufacturing firms between 1999 and 2007. Firms are more likely to be exporting or importing if they enjoy lower credit constraints. Also, firms that have better credit rating export and import...
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作者：Bogmans, Christian
作者单位：University of Birmingham
摘要：This paper analyzes the impact of vertical linkages on the international effects of environmental policy. With vertical linkages, stricter environmental policy at home indirectly reduces pollution in the rest of the world. This spillback effect can reinforce the free-rider problem that arises under strategic interaction. When pollution is transboundaly a race to the bottom ensues, despite the fact that vertical linkages make it easier for national regulators to export the costs of environmenta...
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作者：Fracasso, Andrea; Vittucci Marzetti, Giuseppe
作者单位：University of Trento; University of Milano-Bicocca
摘要：Departing from the usual tenets of proportionality between cross-border trade flows and knowledge spillovers, we investigate whether relatively intense trade relationships are associated with particularly large international R&D spillovers. A nonlinear specification nesting the hypothesis of global and trade-unrelated R&D spillovers is estimated on a sample of 24 advanced countries over 1971-2004. We find evidence that trade patterns positively affect the international transmission of knowledg...
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作者：Lafortune, Jeanne; Tessada, Jose; Gonzalez-Velosa, Carolina
作者单位：Pontificia Universidad Catolica de Chile; Pontificia Universidad Catolica de Chile; IZA Institute Labor Economics; Pontificia Universidad Catolica de Chile; Inter-American Development Bank
摘要：We study the impact of immigration-induced changes in labor supply within agriculture in the US during early 20th century, a sector where shifting output mix may be easier than in previously studied industries (manufacturing), on output and production choices. We find evidence of output mix adjustments at the county-level in response to immigration as predicted by trade models. Moreover, that response is only visible in diversified counties. Counties with higher initial specialization, likely ...
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作者：Egger, Peter H.; Nigai, Sergey
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich; Leibniz Association; Ifo Institut
摘要：The measurement of trade costs and their effects on outcome is at the heart of a large quantitative literature in international economics. The majority of the recent significant contributions on the matter assumes that trade is log-linear in exporter-specific factors, importer-specific factors, and log trade costs that are additively composed of a parameterized part and a residual part. We demonstrate that, under standard assumptions in the literature, the magnitude of unobservable, residual t...
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作者：Chu, Angus C.; Cozzi, Guido; Lai, Ching-Chong; Liao, Chih-Hsing
作者单位：University of Liverpool; University of St Gallen; Academia Sinica - Taiwan; Chinese Culture University; National Chengchi University; National Sun Yat Sen University
摘要：This study explores the long-run effects of inflation in a two-country Schumpeterian growth model with cash-in-advance constraints on consumption and R&D investment. We find that increasing domestic inflation reduces domestic R&D investment and the growth rate of domestic technology. Given that economic growth in a country depends on both domestic and foreign technologies, increasing foreign inflation also affects the domestic economy. When each government conducts its monetary policy unilater...
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作者：Che, Yi; Du, Julan; Lu, Yi; Tao, Zhigang
作者单位：Shanghai Jiao Tong University; Chinese University of Hong Kong; National University of Singapore; University of Hong Kong
摘要：In this study, we exploit one of the most important conflicts of the 20th century between what are currently the world's second and third largest economies, that is, the Japanese invasion of China from 1937 to 1945, to investigate the long-term impact of conflicts between countries on cross-border trade and investment. We find that Japanese multinationals are less likely to invest in Chinese regions that suffered greater civilian casualties during the Japanese invasion, and these regions also ...
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作者：Mitchener, Kris James; Wandschneider, Kirsten
作者单位：Santa Clara University; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; Occidental College
摘要：We examine the first widespread use of capital controls in response to a global or regional financial crisis. In particular, we analyze whether capital controls mitigated capital flight in the 1930s and assess their causal effects on macroeconomic recovery from the Great Depression. We find evidence that they stemmed gold outflows in the year following their imposition; however, time-shifted, difference-in-differences (DD) estimates of industrial production, prices, and exports suggest that ca...
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作者：Garfinkel, Michelle R.; Skaperdas, Stergios; Syropoulos, Constantinos
作者单位：University of California System; University of California Irvine; Drexel University
摘要：We construct a model of conflict and trade to study the consequences of interstate disputes over contested resources (land, oil, water or other resources) for arming, welfare and trade flows. Different trade regimes imply different costs of such disputes in terms of arming. Depending on world prices, free trade can intensify arming to such an extent that the additional security costs it brings swamp the traditional gains from trade and thus render autarky more desirable for one or all rival st...
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作者：Fontagne, Lionel; Orefice, Gianluca; Piermartini, Roberta; Rocha, Nadia
作者单位：heSam Universite; Universite Pantheon-Sorbonne; Paris School of Economics
摘要：This paper considers the heterogenous trade effects of restrictive Sanitary and Phyto-Sanitary (SPS) measures on exporters of different sizes, and the channels via which aggregate exports fall: firm participation, export values and pricing strategies. We do so by matching a detailed panel of French firm exports to a new database of SPS regulatory measures that have been raised as of concern in the dedicated committees of the WTO. By using specific trade concerns to capture the restrictiveness ...
