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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：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：Handley, Kyle
作者单位：University of Michigan System; University of Michigan
摘要：I provide novel evidence for the impact of trade policy uncertainty on exporters. In a dynamic, heterogeneous firms model, trade policy uncertainty will delay the entry of exporters into new markets and make them less responsive to applied tariff reductions. Policy instruments that reduce or eliminate uncertainty, such as binding trade policy commitments at the WTO, increase entry. The predictions are tested on disaggregated, product-level Australian imports with model-consistent measures of u...
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作者：Van Biesebroeck, Johannes; Zhang, Lijun
作者单位：KU Leuven; University of Victoria
摘要：We analyze a firm that produces a final good from multiple intermediates, each of which can be sourced domestically or from a low-wage country. Offshoring an intermediate is only profitable when it has matured sufficiently and the savings in production cost outweigh the underinvestment due to incomplete contracts abroad. We derive how equilibrium sourcing decisions of different intermediates depend on one another. In particular, we demonstrate that the maturity threshold to offshore additional...
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作者：Bahar, Dany; Hausmann, Ricardo; Hidalgo, Cesar A.
作者单位：Harvard University; Harvard University; Massachusetts Institute of Technology (MIT)
摘要：The literature on knowledge diffusion shows that knowledge decays strongly with distance. In this paper we document that the probability that a product is added to a country's export basket is, on average, 65% larger if a neighboring country is a successful exporter of that same product. For existing products, growth of exports in a country is 1.5% higher per annum if it has a neighbor with comparative advantage in these products. While these results could be driven by a common third factor th...
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作者：Baldwin, Richard; Robert-Nicoud, Frederic
作者单位：University of Geneva; National Bureau of Economic Research
摘要：We introduce a simple but flexible analytical framework in which both trade in goods and trade in tasks arise. We use this framework to provide versions of the gains-from-trade and the famous four HO theorems (Heckscher-Ohlin, factor-price-equalisation, Stolper-Samuelson, and Rybczynski) that apply to this environment. We extend our framework to accommodate monopolistic competition and two-way offshoring and to integrate theoretical results of the early offshoring literature. (C) 2013 Elsevier...
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作者：Barattieri, Alessandro
作者单位：University of Quebec; University of Quebec Montreal
摘要：The large current account deficit of the U.S. is the result of a large deficit in the goods balance and a modest surplus in the service balance. The opposite is true for Japan, Germany, and China. Moreover, I document the emergence from the mid-nineties of a strong negative relation between specialization in the export of services and the current account balances of a large sample of OECD and developing countries. Starting from these new stylized facts, I propose in this paper a service hypoth...
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作者：Ketterer, Tobias D.; Bernhofen, Daniel; Milner, Chris
作者单位：University of London; London School Economics & Political Science; American University; University of Nottingham
摘要：If a free trade agreement (ETA) is characterized by the exchange of market access with a large and competitive trading partner, the agreement can cause a leakage of protectionist benefits to domestic industry from lobbying against external tariff cuts. This rent destruction effect of an ETA can free policy makers to be more aggressive in multilateral tariff cuts. We argue that the Canadian-US free trade agreement (CUSFTA) provides an ideal policy experiment to link this mechanism to the data. ...
