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作者：Lane, Philip
作者单位：Trinity College Dublin
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作者：Davidson, Carl; Matusz, Steven J.; Nelson, Douglas R.
作者单位：Michigan State University; University of Nottingham; Tulane University
摘要：When the median voter loses from trade reform, liberalization is blocked. Allowing the electorate to vote for compensatory subsidies may reverse this outcome. However, the order of the agenda may matter. The winners who pay the compensation may be sufficiently powerful to block compensation if trade is first liberalized. Seeing the inevitable outcome of sequential votes, the median voter realizes he will not be compensated for his losses and opposes liberalization. In contrast, liberalization ...
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作者：Lahiri, Amartya; Singh, Rajesh; Vegh, Carlos
作者单位：Iowa State University; University of British Columbia; University System of Maryland; University of Maryland College Park; University of California System; University of California Los Angeles; National Bureau of Economic Research
摘要：This paper revisits the issue of the optimal exchange rate regime in a flexible price environment. The key innovation is that we analyze this question in the context of environments where only a fraction of agents participate in asset market transactions (i.e., asset markets are segmented). Under this friction alternative exchange rate regimes have different implications for real allocations in the economy. In the context of this environment we show that flexible exchange rates are optimal und...
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作者：Laussel, Didier; Paul, Thierry
作者单位：Aix-Marseille Universite; Aix-Marseille Universite
摘要：We study a two-country two-sector model with free entry and monopolistic competition where both industries use labour to produce differentiated goods. The two countries are identical except for size. Labour is freely mobile across industries but it cannot move internationally. Transport costs affect both industries. The location of industries and the pattern of trade are the results of the interaction of two effects: the home market effect and the wage differential effect. The main results are...
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作者：Almeida, Rita
作者单位：The World Bank
摘要：Foreign firms have a more educated workforce and pay higher wages than domestic firms even after controlling for worker quality, at a given moment in time. This does not imply that foreign ownership improves the labor market outcomes of the workers since foreign investment may be guided by unobservable firm and worker characteristics correlated with schooling or wages. This paper asks whether foreign investors acquire firms with high human capital or wages, or whether foreign acquisition impro...
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作者：Girma, Sourafel; Gorg, Holger
作者单位：University of Nottingham; University of Nottingham
摘要：This paper seeks to identify the causal effect of foreign acquisitions on wages of skilled and unskilled workers, using difference-in-differences propensity score matching estimators. Our results suggest that there is substantial heterogeneity in the post-acquisition wage effect depending on the nationality of the foreign acquirer and the skill group of workers. We find sizable post acquisition wage effects on skilled and unskilled wages following an acquisition by a US firm. No such impacts r...
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作者：Saint-Paul, Gilles
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Hautes Etudes Commerciales (HEC) Paris
摘要：An increase in the range of tradable goods is analyzed in a two-country Dombusch-Fischer-Samuelson style model, where labor cannot relocate to another sector upon a non-expected increase in the range of goods that can be traded. The effect of liberalization on the terms of trade tend to favor the poorer country (the East), if (as assumed) the most sophisticated goods are tradable before reform. Second, under ex-post liberalization, there exists a class of workers in the West who are harmed bec...
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作者：Aghion, Philippe; Antras, Pol; Helpman, Elhanan
作者单位：Harvard University; National Bureau of Economic Research; Centre for Economic Policy Research - UK; Canadian Institute for Advanced Research (CIFAR)
摘要：We develop a dynamic bargaining model in which a leading country endogenously decides whether to sequentially negotiate free trade agreements with subsets of countries or engage in simultaneous multilateral bargaining with all countries at once. We show how the structure of coalition externalities shapes the choice between sequential and multilateral bargaining, and we identify circumstances in which the grand coalition is the equilibrium outcome, leading to worldwide free trade. A model of in...
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作者：Corsetti, Giancarlo; Martin, Philippe; Pesenti, Paolo
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; European University Institute; Centre for Economic Policy Research - UK; heSam Universite; Universite Pantheon-Sorbonne; Paris School of Economics; National Bureau of Economic Research
摘要：This paper analyzes the international transmission and welfare implications of productivity gains and changes in market size when macroeconomic adjustment occurs both along the intensive margin of trade (changes in the relative price of existing varieties of tradable goods) and the extensive margin (creation and destruction of varieties). We draw a distinction between productivity gains that enhance manufacturing efficiency and gains that lower the cost of firms' entry and of product different...
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作者：Biscourp, Pierre; Kramarz, Francis
摘要：We use the French Customs files, an exhaustive account of the international trade transactions carried out by firms across the period 1986-1992, to analyze the link between imports, exports, employment, and skill structure of French manufacturing firms. Our data allow us to distinguish between imports of finished goods and imports of intermediate inputs. Our results show that there is a strong correlation between increasing imports, in particular imports of finished goods, and job destruction,...
