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作者：Hainmueller, Jens; Hiscox, Michael J.; Margalit, Yotam
作者单位：Stanford University; Harvard University; Tel Aviv University
摘要：Are concerns about labor market competition a powerful source of anti-immigrant sentiment? Several prominent studies have examined survey data on voters and concluded that fears about the negative effects of immigration on wages and employment play a major role generating anti-immigrant attitudes. We examine new data from a targeted survey of US. employees in 12 different industries. In contrast with previous studies, the findings indicate that fears about labor market competition do not appea...
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作者：Harrigan, James; Ma, Xiangjun; Shlychkov, Victor
作者单位：University of Virginia; National Bureau of Economic Research; University of International Business & Economics
摘要：Using confidential firm-level data from the United States in 2002, we show that exporting firms charge prices for narrowly defined goods that differ substantially with the characteristics of firms and export markets. We control for selection into export markets using a three-stage estimator. We have three main results. First, we find that highly productive and skill-intensive firms charge higher prices, while capital-intensive firms charge lower prices. Second, U.S. firms charge substantially ...
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作者：Soderbery, Anson
作者单位：Purdue University System; Purdue University
摘要：Feenstra (1994) developed, and Broda and Weinstein (2006) refined, a structural estimator of import demand and supply elasticities. Working through the first principles of the methodology from Learner (1981), this paper analyzes and improves the technique to provide a unified estimator of import supply and demand elasticities. The proposed LIML routine corrects small sample biases and constrained search inefficiencies. Previously used estimates are shown to overestimate the median elasticity o...
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作者：Lacovone, Leonardo; Javorcik, Beata; Keller, Wolfgang; Tybout, James
作者单位：The World Bank; University of Oxford; Centre for Economic Policy Research - UK; University of Colorado System; University of Colorado Boulder; National Bureau of Economic Research; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：This paper examines the effect of Walmart's entry into Mexico on Mexican manufacturers of consumer goods. Guided by firm interviews that suggested substantial heterogeneity across firms in how they responded to Walmart's entry, we develop a dynamic industry model in which firms decide whether to sell their products through Walmex (short for Walmart de Mexico), or use traditional retailers. Walmex provides access to a larger market, but it puts continuous pressure on its suppliers to improve th...
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作者：Evers, Michael P.
作者单位：Goethe University Frankfurt
摘要：In this paper, I provide a quantitative analysis of three different forms of fiscal federalism in monetary unions: fully decentralized regional fiscal authorities as the benchmark, fiscal equalization with nominal tax revenue sharing, and a common central fiscal authority. I assess the capability of the different arrangements to stabilize regional consumption, output, and employment over the business cycle. I also study the implications for interregional income, consumption risk sharing and we...
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作者：Callen, Michael; Imbs, Jean; Mauro, Paolo
作者单位：Harvard University; Centre National de la Recherche Scientifique (CNRS); Paris School of Economics
摘要：Suppose that international sharing risk worldwide or with large numbers of countries were costly. How much risk-sharing could be gained in small sets (or pools) of countries? To answer this question, we compute the means and variances of poolwide gross domestic product growth, for all possible pools of any size drawn from a sample of 74 countries, and compare them with the means and variances of consumption growth in each country individually. From the difference, we infer potential diversific...
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作者：Linnemann, Ludger; Schabert, Andreas
作者单位：Dortmund University of Technology; University of Cologne
摘要：Due to the US dollar's dominant role for international trade and finance, risk-free assets denominated in US currency not only offer a pecuniary return, but also provide transaction services, both nationally and internationally. Accordingly, the responses of bilateral US dollar exchange rates to interest rate shocks should differ substantially with respect to the (US or foreign) origin of the shock We demonstrate this empirically and apply a model of liquidity premia on US treasuries originati...
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作者：Martincus, Christian Volpe; Carballo, Jeronimo; Graziano, Alejandro
作者单位：Inter-American Development Bank; University System of Maryland; University of Maryland College Park
摘要：All international trade transactions are processed by custom agencies and such processing takes time. Despite the fact that time is a key trade barrier, the time it takes for shipments to clear customs and how customs' processing times affect firms' exports remain largely unknown. In this paper, we precisely estimate the effects of custom-related delays on firms' exports. In so doing, we use a unique dataset that consists of the universe of Uruguay's export transactions over the period 2002-20...
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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...
