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作者：Matschke, Xenia
作者单位：University of Connecticut
摘要：A standard finding in the political economy of trade policy literature is that we should expect export-oriented industries to attract more assistance than import-competing industries. In reality, however, trade policy is heavily biased toward supporting import industries. This paper shows how the costliness of raising revenue via taxation makes trade subsidies less desirable and trade taxes more desirable in a standard protection for sale framework. The model is then estimated and its predicti...
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作者：Alessandria, George; Delacroix, Alain
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Philadelphia; University of Quebec; University of Quebec Montreal
摘要：We study the relation between international trade and the gains to reform labor markets by removing firing restrictions. We find that trade linkages imply substantially smaller benefits to reform than those calculated in the closed economy general equilibrium model of Hopenhayn and Rogerson [Hopenhyn, Hugo, Rogerson, Richard, 1993. Job Turnover and policy evaluations: a general equilibrium analysis. journal of Political Economy 101 (5), 915-938 October]. When economies trade, labor market poli...
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作者：Pham, Cong S.
作者单位：Deakin University
摘要：in an influential paper, Schott [Schott. Peter K. (2004). Across-product versus within-product specialization in international trade. Quarterly Journal of Economics, 119 (2): 647-678] makes two empirical observations about U.S. imports. (1) The United States is increasingly sourcing the same product (however narrowly defined) from both developed and developing countries. That is, 'across-product specialization' has been decreasing. (2) The unit values of these multiple-sourced products are pos...
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作者：Bucovetsky, Sam; Haufler, Andreas
作者单位：University of Munich; York University - Canada
摘要：We analyze a sequential game between two symmetric countries when firms can invest in a multinational structure that conferse tax savings. Governments are able to commit to long-run tax discrimination policies before firms' decisions are made and statutory capital tax rates are chosen non-cooperatively. Whether a coordinated reduction in the tax preferences granted to firms is beneficial or harmful for the competing countries depends critically on the elasticity with which the firms organizati...
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作者：Sembenelli, Alessandro; Siotis, Georges
作者单位：Universidad Carlos III de Madrid; University of Turin; Collegio Carlo Alberto
摘要：A review of the literature indicates that Foreign Direct Investment has the potential to increase the intensity of competition and to act as a channel for technology transfers. Using a Spanish firm level data set, we disentangle these effects by estimating a dynamic model of firm level performance, which we proxy by mark-ups. We find that FDI has a positive long-run effect on the mark-ups of targets, but this is limited to firms in R&D intensive sectors. In addition, we find weak evidence that...
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作者：Aw, Bee Yan; Lee, Yi
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：This paper examines the extent to which production location decisions of Taiwanese multinationals reflect underlying patterns of firm productivity. In our theoretical model, heterogeneous firms in a middle-income country decide on the optimal production locations for serving three geographically separate markets: domestic, foreign high-income and foreign low-income. The model shows that the equilibrium decision of a firm depends on the fixed investment costs of establishing foreign subsidiarie...
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作者：Friberg, Richard; Wilander, Fredrik
作者单位：Stockholm School of Economics
摘要：We report survey results on the currency choice of a random sample of Swedish exporters. We find that for an overwhelming share of exports, the price, invoice and settlement currency is the same. The currency of the customer is the most used, with Swedish kronor and vehicle currencies accounting for approximately equal shares. Currency choice is similar for intra-firm and between-firm trade. We also find that negotiations are important for both the price and for the currency choice. A minority...
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作者：Haaland, Jan I.; Kind, Hans Jarle
作者单位：Norwegian School of Economics (NHH)
摘要：We set up a simple trade model with two countries hosting one firm each. The firms invest in cost-reducing R&D, and each government may grant R&D subsidies to the domestic firm. We show that it is optimal for a government to provide higher R&D subsidies the lower the level of trade costs, even if the firms are independent monopolies. If firms produce imperfect substitutes, policy competition may become so fierce that only one of the firms survives. International policy harmonization eliminates...
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作者：Boileau, Martin; Normandin, Michel
作者单位：University of Colorado System; University of Colorado Boulder; University of Colorado System; University of Colorado Boulder; Universite de Montreal; HEC Montreal; Universite de Montreal; HEC Montreal
摘要：In contrast to earlier work, we study the relation between the current account and the interest rate differential. To do so, we document the relation for international data. We then interpret this relation from a two-country, dynamic, general equilibrium model, where a financial intermediary faces operating costs that are increasing and convex in the volume of internationally intermediated funds. We finally confront the relation predicted by the model to the relation observed in the data. We f...
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作者：Chiquiar, Daniel
作者单位：Bank of Mexico
摘要：In this paper, I study what factors determined the changes in Mexico's regional wage differentials during the nineties. I exploit the regional variation in exposure to international markets to identify the effects of NAFTA on wages and the skill premium. The results support the presence of Stolper-Samuelson type of responses during Mexico's trade liberalization: regions more exposed to globalization appear to have exhibited an increase in overall wage levels, but a decrease in the skill premiu...
