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作者：Kuttner, Kenneth N.
作者单位：Williams College
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作者：Cacciatore, Matteo
作者单位：Universite de Montreal; HEC Montreal
摘要：This paper studies how labor market frictions affect the consequences of trade integration in a two-country dynamic stochastic general equilibrium model with heterogeneous firms and endogenous producer entry. Two main results emerge. First, trade integration is beneficial for welfare by inducing higher productivity, but unemployment can temporarily rise during the transitional adjustment. labor market rigidities reduce gains from trade, even though they can mitigate short-run employment losses...
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作者：Colantone, Italo; Crino, Rosario
作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Tinbergen Institute
摘要：We study the relationship between new imported inputs and the introduction of new domestic products. To this purpose, we assemble a novel data set covering 25 European countries over 1995-2007 and containing information on domestic production and bilateral trade for the universe of goods. We develop a procedure to identify new imported inputs and new domestic products, while dealing with the complications raised by the yearly changes in the commodity classifications. We augment these data with...
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作者：Kichko, Sergey; Kokovin, Sergey; Zhelobodko, Evgeny
作者单位：HSE University (National Research University Higher School of Economics); Russian Academy of Sciences; Sobolev Institute of Mathematics; Novosibirsk State University
摘要：We develop a two-factor, two-sector trade model of monopolistic competition with variable elasticity of substitution. Firms' profits and sizes may increase or decrease with market integration depending on the degree of asymmetry between countries. The country in which capital is relatively abundant is a net exporter of the manufactured good, although both firm sizes and profits are lower in this country than in the country where capital is relatively scarce. The pricing policy adopted by firms...
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作者：Di Comite, Francesco; Thisse, Jacques-Francois; Vandenbussche, Hylke
作者单位：Universite Catholique Louvain; Universite Catholique Louvain; HSE University (National Research University Higher School of Economics); Centre for Economic Policy Research - UK; European Central Bank; National Bank of Belgium; KU Leuven
摘要：Many trade models of monopolistic competition identify cost efficiency as the main determinant affirm performance in export markets. To date, the analysis of demand factors has received much less attention. We propose a new model where consumer preferences are asymmetric across varieties and heterogeneous across countries. The model generates new predictions and allows for an identification of horizontal differentiation (taste) clearly distinguished from vertical differentiation (quality). Dat...
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作者：Paz, Lourenco S.
作者单位：Syracuse University
摘要：Following trade liberalization, several developing countries experienced a sharp increase in the share of informal manufacturing employment. In this paper. I examine the impacts of trade liberalization on the labor markets of a small open economy, in an environment in which tariffs affect firms' payroll tax compliance decisions. I demonstrate that a reduction in domestic import tariffs reduces the average formal wage and show that the direction of the effect on the share of informal employment...
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作者：Hajzler, Christopher
作者单位：University of Otago
摘要：Globally, foreign direct investment (FDI) assets are expropriated more in resource extraction industries compared to other sectors. Despite the higher apparent risk of expropriation in resources, countries more likely to expropriate also have a larger share of FDI in the resource sector. An incomplete markets model of FDI is developed to account for this puzzle. The type of government regime is stochastic, with low penalty regimes facing a relatively low, exogenous cost of expropriating FDI, a...
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作者：Alessandria, George; Choi, Horag
作者单位：University of Rochester; Federal Reserve System - USA; Federal Reserve Bank - Philadelphia; Monash University
摘要：We study empirically and theoretically the growth of U.S. manufacturing exports from 1987 to 2007. We use plant-level data on exporters' export intensity to identify the changes in iceberg costs over this period. Given this change in iceberg costs, we find that a GE model with heterogeneous establishments and dynamic exporting decision from a sunk cost of starting to export is consistent with both aggregate U.S. export growth and the changes in the number and size of U.S. exporters. The model ...
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作者：Blonigen, Bruce A.; Piger, Jeremy; Sly, Nicholas
作者单位：University of Oregon; National Bureau of Economic Research
摘要：It has long been recognized that business cycle comovement is greater between countries that trade more intensively with one another. However, nations face shocks to both the cyclical and trend components of their GDP series. Contrary to the result for cyclical fluctuations, we find comovement of shocks to the trend component of real GDP is weaker among countries that trade more intensively with one another. We simulate changes in ten-year output growth correlations corresponding to the estima...
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作者：Marin, Dalia; Verdier, Thierry
作者单位：University of Munich; Paris School of Economics; Institut Polytechnique de Paris; Ecole des Ponts ParisTech
摘要：Corporate organization varies within countries and between countries. We develop a theory which explains the variation in levels of decentralization across firms and links it to the trade environment that firms face. We introduce firms with internal hierarchies in a Melitz and Ottaviano (2008) model of international trade. We show that international trade increases the conflict of interest between CEO/owners and middle managers within firms and these eventually lead to decentralized corporate ...
