2期

最新文章

• Multilateral trade negotiations, bilateral opportunism and the rules of GATT/WTO (vol 63, pg 1, 2004) AI翻译
  作者：Bagwell, K; Staiger, RW
  作者单位：University of Wisconsin System; University of Wisconsin Madison; Columbia University
• World market integration through the lens of foreign direct investors AI翻译
  作者：Albuquerque, R; Loayza, N; Servén, L
  作者单位：University of Rochester; The World Bank
  摘要：This paper is motivated by the unparalleled increase in foreign direct investment to emerging market economies of the last 25 years. Using a large cross-country time-series data set, we evaluate the dependence of foreign direct investment on global factors, or worldwide sources of risk (i.e., factors that drive foreign direct investment across several countries). We construct a globalization measure that equals the share of explained variation in direct investment attributable to global factor...
• Uncovered interest parity: it works, but not for long AI翻译
  作者：Chaboud, AP; Wright, JH
  作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors
  摘要：if an investor borrows in a low interest currency and invests in a high interest currency, the interest differential accrues in a lumpy manner, formally just like the dividend payments on a stock. The investor will receive the interest differential discretely at the point when a position is rolled over from one day to the next. A position that is not held open overnight receives no interest differential because intradaily interest rates are zero. Using a large data set of intradaily exchange r...
• The effect of trade liberalization on child labor AI翻译
  作者：Edmonds, EV; Pavcnik, N
  作者单位：Dartmouth College; National Bureau of Economic Research
  摘要：The question of how trade liberalization affects the employment of children in developing economies is at the core of the debate on globalization. Trade theory predicts that an increase in the price of an exported good could either increase or decrease child labor depending on the magnitudes of the substitution and income effects. In this paper, we study the relationship between changes in the relative price of an exported commodity and child labor using household-level data from within a poor...
• Trade and the environment AI翻译
  作者：Anderson, J
  作者单位：Boston College
• Knowledge diffusion, input supplier's technological effort and technology transfer via vertical relationships AI翻译
  作者：Goh, AT
  作者单位：Hautes Etudes Commerciales (HEC) Paris
  摘要：This paper studies the effect of knowledge diffusion on the incentives for developed countries' (DC) firms to undertake costly technology transfer to their less developed countries' (LDC) suppliers whose cost of production varies inversely with their technological effort. When the incumbent supplier's cost of improving efficiency is high, diffusion of knowledge to other potential input producers encourages technology transfer, as it increases upstream competition. However, and in sharp contras...
• Learning by doing, export subsidies, and industry growth: Japanese steel in the 1950s and 1960s AI翻译
  作者：Ohashi, H
  作者单位：University of Tokyo
  摘要：The paper examines the Japanese steel industry to evaluate the role of export subsidy policies. Export subsidies can be instrumental in increasing an industry's cost competitiveness in the presence of learning by doing, a characteristic of production in the steel industry. Using a dynamic estimation model, this paper identifies a significant learning rate of above 20% with little intra-industry knowledge spillover. Simulations made with the model indicate that the subsidy policy had an insigni...
• Gunboats, reputation, and sovereign repayment: lessons from the Southern Confederacy AI翻译
  作者：Weidenmier, MD
  作者单位：Claremont Colleges; Claremont McKenna College; Claremont Graduate University; National Bureau of Economic Research
  摘要：Many states that formed the Southern Confederacy defaulted on sovereign debt sold in international capital markets during the 1840s. The Confederacy also elected President Jefferson Davis, who openly advocated the repudiation of U.S. states' debts while a member of Congress. Despite its poor credit record, the Confederate government managed to float cotton bonds in England that constituted under 2% of its expenditures. The bonds were largely issued to settle overdue debts with gun contractors ...
• Reciprocated unilateralism in trade policy AI翻译
  作者：Krishna, P; Mitra, D
  作者单位：Brown University; National Bureau of Economic Research; Syracuse University
  摘要：Using the menu-auction approach to endogenous determination of tariffs and allowing additionally for lobby formation itself to be endogenous, this paper analyzes the impact of unilateral trade liberalization by one country on its partner's trade policies. We find that such unilateral liberalization may induce reciprocal tariff reductions by the partner country. Intuitively, unilateral liberalization by one country has the effect of increasing the incentives for the export lobby in the partner ...
• When trade hurts: Consumption indivisibilities and labor market distortions AI翻译
  作者：Krishna, K; Yavas, C
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; National Bureau of Economic Research
  摘要：We present a simple model where complementarities between wages and demand due to factor market distortions can make a transition economy worse off from trade. Prior to trade, a virtuous circle prevails: high wages in industry support a high demand for indivisible industrial goods, which in turn supports high wages. However, factor market distortions in the transition economy create a comparative disadvantage in industry. Opening up to trade results in the import of indivisibles and a fall in ...