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作者：Arnold, LG
作者单位：University of Regensburg
摘要：This paper examines the impact of intensified North-South intra-industry trade from a growth theoretic perspective. It incorporates unemployment into Helpman's [Econometrica 61 (1993) 1247] model of North-South trade. We assume that those Northern workers who lose their jobs due to imitation remain unemployed for a given (expected) length of time, so that imitation in the South causes frictional unemployment. It is shown that the shape of the relation between the (exogenous) rate of imitation ...
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作者：Magee, C
摘要：This paper develops a model in which tariffs are determined through bargaining between a utility maximizing policy maker and an industry lobby. Individual firms only contribute to the lobbying effort if it is in their own self-interest so that both trade policies and lobby formation are endogenous. By introducing bargaining between the industry and the government. the paper provides microfoundations for the tariff-formation function approach taken by many authors in the political economy liter...
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作者：McCalman, P
作者单位：University of California System; University of California Santa Cruz
摘要：This paper considers the interaction between private information and the Most Favored Nation clause in trade negotiations. It demonstrates that by aggregating uncertainty over a number of trading partners, the Most Favored Nation clause may offer a welfare improvement over a set of bilateral trade negotiations. This improvement is shown to be most pronounced when a large number of countries are involved in negotiations. (C) 2002 Elsevier Science B.V. All rights reserved.
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作者：Kose, MA
作者单位：Brandeis University
摘要：This paper analyzes the role of world price shocks - fluctuations in the prices of capital, intermediate, and primary goods, and in the world real interest rate - in the generation and propagation of business cycles in small open developing countries. I construct a stochastic dynamic multi-sector small open economy model. The model is a variant of the specific-factors model and reflects the major structural characteristics of developing economies. I utilize variance decomposition methods to qu...
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作者：Osakwe, PN; Schembri, LL
作者单位：Bank of Canada
摘要：This paper examines the impact of collapsing fixed, permanently fixed, and flexible exchange rate regimes on real output. Much of the recent discussion of the causes of exchange rate regime collapses has focused on capital flows and export demands. In an environment in which such external shocks predominate, a flexible exchange rate is shown theoretically to produce lower output variability for a range of parameter values. A counterfactual exercise is performed using Mexican data. We find that...
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作者：Papell, DH
作者单位：University of Houston System; University of Houston
摘要：Although there has been much recent work on purchasing power parity (PPP), neither univariate nor panel methods have produced strong rejections of unit roots in US dollar real exchange rates for industrialized countries during the post-1973 period. We investigate the hypothesis that these non-rejections can be explained by one episode, the large appreciation and depreciation of the dollar in the 1980s, by developing unit root tests which account for this event and maintain long-run PPP. Using ...
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作者：Cook, D
作者单位：Hong Kong University of Science & Technology
摘要：In this paper, pro-cyclical market entry acts as an international transmission mechanism for business cycle shocks. In an imperfectly competitive dynamic equilibrium model, an expansion in one open economy leads to additional business formation in a parallel large open economy through demand spillovers. Business formation causes a decline in markups leading to an expansion in employment, production, and investment in both economies. The modeling of the entry decision is critical. Only when the...
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作者：Harrison, A
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research
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作者：Goh, AT; Olivier, J
作者单位：Universite Catholique Louvain; National University of Singapore; Hautes Etudes Commerciales (HEC) Paris
摘要：This paper aims at reconciling theoretical models of endogenous growth with the empirical evidence on trade and growth. In particular, we show that the conventional wisdom according to which trade is growth-impairing for a country with comparative advantage in goods with limited opportunities for teaming fails to hold when the imported good is a capital good. The intuition is that the country gains access to cheaper capital goods, which raises investment, output per worker and teaming by doing...
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作者：Ohashi, H
作者单位：University of British Columbia
