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作者：Egger, Hartmut; Kreickemeier, Udo; Wrona, Jens
作者单位：University of Bayreuth; Technische Universitat Dresden
摘要：We develop a two-country general equilibrium model, in which heterogeneous firms offshore routine tasks to a low-wage host country. In the presence of fixed costs for offshoring the most productive firms self-select into offshoring, which leads to a reallocation of domestic labor towards less productive uses if offshoring costs are high. As a consequence domestic welfare may fall. The reallocation effect is reversed and domestic welfare rises if offshoring costs are low. The aggregate income d...
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作者：Frankel, Jeffrey; Giavazzi, Francesco
作者单位：Harvard University; Bocconi University
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作者：Girma, Sourafel; Gong, Yundan; Goerg, Holger; Lancheros, Sandra
作者单位：University of Nottingham; Aston University; Aarhus University; IZA Institute Labor Economics; University of Nottingham Ningbo China
摘要：We implement a method to estimate the direct effects of foreign-ownership on foreign firms' productivity and the indirect effects (or spillovers) from the presence of foreign-owned firms on other foreign and domestic firms' productivity in a unifying framework, taking interactions between firms into account. To do so, we relax a fundamental assumption made in empirical studies examining a direct causal effect of foreign ownership on firm productivity, namely that of no interactions between fir...
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作者：Guren, Adam; Hemous, David; Olsen, Morten
作者单位：Boston University; INSEAD Business School; University of Navarra; IESE Business School
摘要：This paper develops a dynamic Heckscher Ohlin Samuelson model with sector-specific human capital and overlapping generations to characterize the dynamics and welfare implications of gradual labor market adjustment to trade. Our model is tractable enough to yield sharp analytic results, that complement and clarify an emerging empirical literature on labor market adjustment to trade. Existing generations that have accumulated specific human capital in one sector can switch sectors when the econo...
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作者：Li, Hongbin; Ma, Hong; Xu, Yuan
作者单位：Tsinghua University
摘要：This paper provides first-hand firm-level evidence on Chinese exporters' reaction to RMB exchange rate movements. We find that the RMB price response to exchange rate changes is very small, indicating relatively high exchange rate pass-through into foreign currency denominated prices, while the volume response is moderate and significant. Furthermore, exporters with higher productivity price more to market, though the pass-through is still very high. Other sources of heterogeneity, such as imp...
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作者：Mukherjee, Rahul
摘要：Countries with weaker domestic investor protection hold less diversified international portfolios. An equilibrium business cycle model of North-South capital flow with corporate governance frictions between outside investors and corporate insiders explains this phenomenon through two channels. First, weak governance leads to concentrated ownership in the South because international diversification by insiders is penalized by lower stock market valuation. This reduces the float portfolio, or th...
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作者：Naghavi, Alireza; Strozzi, Chiara
作者单位：University of Bologna; Universita di Modena e Reggio Emilia
摘要：This paper studies the interaction between international migration and intellectual property rights (IPR) in determining innovation performance of developing countries. Although emigration may directly cause brain drain, it generates a flow of knowledge acquired by emigrants abroad back to their home countries, which could be exploited under sound IPR institutions. IPRs can thus stimulate domestic innovation by creating the right environment to absorb potential gains from international migrati...
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作者：Blyde, Juan; Molina, Danielken
作者单位：Inter-American Development Bank
摘要：Casual evidence suggests that multinational companies increasingly look for places with adequate transport and logistic infrastructure to locate affiliates that participate in cross-border production sharing. Yet, there are no systematic empirical analyses examining how logistic infrastructure interacts with the location decisions made by multinationals. Most studies on the determinants of FDI address the issue of transportation-logistics by examining the impact of distance on the relevant out...
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作者：Cook, David; Xu, Juanyi
作者单位：Hong Kong University of Science & Technology
摘要：This paper incorporates search frictions with endogenous job creation and destruction into a two country dynamic stochastic general equilibrium model to explain two macroeconomic facts. First, since the 1980s, European unemployment rates have risen substantially above USA levels. Second, the European business cycle has lagged the USA business cycle during the period of the Great Moderation. In the model, more generous unemployment benefits and greater employment protection (manifested as firin...
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作者：Etkes, Haggay; Zimring, Assaf
作者单位：Bank of Israel; University of Michigan System; University of Michigan
摘要：This paper uses detailed household expenditure and firm production data to study the welfare consequences of the blockade imposed on the Gaza Strip between mid-2007 and mid-2010. Using the West Bank as a counterfactual economy, we find that welfare declined by 14%-27%. Moreover, households with larger pre-blockade expenditure levels experienced larger welfare losses. We show that this large decline in welfare may be due to a combination of resource reallocation and reduced productivity. Worker...
