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作者：Warnock, Francis E.
作者单位：University of Virginia
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作者：Fadinger, Harald
作者单位：University of Vienna
摘要：This paper studies cross-country differences in productivity from an open economy perspective by using a Helpman-Krugman-Heckscher-Ohlin model that embraces the single-cone model and a one-sector economy with factor deepening as particular cases. To estimate the model, I combine tools from development accounting and the factor content of trade literature. When simultaneously fitting data on income, factor prices and the factor content of trade, I find that the one-sector model is by far better...
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作者：Jacks, David S.; Meissner, Christopher M.; Novy, Dennis
作者单位：University of Warwick; Simon Fraser University; University of California System; University of California Davis; National Bureau of Economic Research; Leibniz Association; Ifo Institut
摘要：What has driven trade booms and trade busts in the past and present? We employ a micro-founded measure of trade frictions consistent with leading trade theories to gauge the importance of bilateral trade costs in determining international trade flows. We construct a new balanced sample of bilateral trade flows for 130 country pairs across the Americas, Asia, Europe, and Oceania for the period from 1870 to 2000 and demonstrate an overriding role for declining trade costs in the pre-World War I ...
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作者：Shikher, Serge
作者单位：Suffolk University
摘要：The paper studies the effects of technology and capital stock on trade using simulation. For this purpose, the paper develops and evaluates a model that is distinguished by its use of the Eaton-Kortum framework to explain intra-industry trade instead of the usual Armington assumption. It is found that the magnitudes and in many cases signs of the effects of capital stock and technology on specialization are very country-specific. This implies that the regression studies that estimate cross-cou...
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作者：Meza, Felipe; Urrutia, Carlos
作者单位：Instituto Tecnologico Autonomo de Mexico
摘要：The last twenty years have witnessed periods of sustained appreciations of the real exchange rate in emerging economies. The case of Mexico between 1988 and 2002 is representative of several episodes in Latin America and Central and Eastern Europe in which countries opening to capital flows experienced large appreciations accompanied by a significant reallocation of workers towards the non-tradable sector. We account for these facts using a two sector dynamic general equilibrium model of a sma...
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作者：Balistreri, Edward J.; Hillberry, Russell H.; Rutherford, Thomas F.
作者单位：Colorado School of Mines; University of Melbourne; Swiss Federal Institutes of Technology Domain; ETH Zurich
摘要：We present an empirical implementation of a general-equilibrium model of international trade with heterogeneous manufacturing firms. The theory underlying our model is consistent with Melitz (2003). A nonlinear structural estimation procedure identifies a set of core parameters and unobserved firm-level trade frictions that best fit the geographic pattern of trade. Our estimation model is consistent with the specified general equilibrium model, and we conduct general equilibrium counterfactual...
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作者：Bergin, Paul R.; Feenstra, Robert C.; Hanson, Gordon H.
作者单位：University of California System; University of California Davis; National Bureau of Economic Research; University of California System; University of California San Diego
摘要：Existing models of offshoring are not equipped to explain how global production sharing affects the volatility of economic activity. This paper develops a trade model that can account for why offshoring industries in lcw wage countries such as Mexico experience fluctuations in employment that are twice as large as in high wage countries such as the United States. We argue that a key to explaining this outcome is that the extensive margin of offshoring responds endogenously to shocks in demand ...
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作者：Chen, Natalie; Novy, Dennis
作者单位：University of Warwick; Centre for Economic Policy Research - UK; University of London; London School Economics & Political Science; Leibniz Association; Ifo Institut
摘要：We derive a micro-founded measure of bilateral trade integration that is consistent with a broad range of leading gravity models. This measure accounts for cross-industry heterogeneity by incorporating substitution elasticities estimated at the industry level. We then use it to provide a theory-based ranking of trade integration across manufacturing industries in European Union countries. In addition, we explore the determinants of trade integration, finding that substantial Technical Barriers...
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作者：Bodenstein, Martin; Erceg, Christopher J.; Guerrieri, Luca
作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：We examine the effects of endogenously determined oil price fluctuations in a two-country DSGE model. Under incomplete financial markets, an oil market-specific shock that boosts the oil price results in a wealth transfer toward oil exporters, depresses the oil importer's consumption, and causes the oil importer's real exchange rate to depreciate. Although the oil importer experiences a deterioration in the oil component of its trade balance, an improvement in the nonoil balance substantially ...
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作者：Behrens, Kristian; Picard, Pierre M.
作者单位：University of Quebec; University of Quebec Montreal; University of Luxembourg
摘要：We investigate the role of competitive transport markets in shaping the location of economic activity and the pattern of trade. In our model, carriers supply transport services for shipping manufactured goods, and freight rates are set to clear transport markets. Each carrier must commit to the maximum capacity for a round-trip and thus faces a logistics problem as there are opportunity costs of returning empty. These costs increase the freight rates charged to firms located in regions that ar...
