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作者：Davis, D
作者单位：Columbia University
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作者：Galindo, AJ; Maloney, WF
作者单位：The World Bank; Inter-American Development Bank
摘要：The paper tests two popular asset-based models of speculative attacks and in particular, their emphasis on the second moments of monetary aggregates. Analyzing monthly panels of appropriate countries in three regions, it finds evidence for the importance of money/reserve ratios predicted by both models, as well as the variance of the ratio of M2 to reserves. (C) 2002 Elsevier Science B.V. All rights reserved.
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作者：Branstetter, LG; Feenstra, RC
作者单位：University of California System; University of California Davis; Columbia University; National Bureau of Economic Research
摘要：We view the political process in China as trading off the social benefits of increased trade and foreign direct investment against the losses incurred by state-owned enterprises due to such liberalization. A model drawing on Grossman and Helpman [Am. Econ. Rev. 84 (1994) 833; The Political Economy of Trade Policy: Papers in Honor of Jagdish Bhagwati, MIT Press, Cambridge (1996) 199] is used to derive an empirically estimable government objective function. The key structural parameters - of thi...
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作者：Head, K; Ries, J
作者单位：University of British Columbia
摘要：We investigate the influence of offshore production by Japanese multinationals on domestic skill intensity. Identifying relationships based on within variation in a panel of 1070 firms, we find that additional foreign affiliate employment in low-income countries raises skill intensity. The positive effect of FDI on domestic skill intensity, however, diminishes as investment shifts towards high-income countries. Increases in affiliate employment in low-income countries also raise a firm's relia...
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作者：Chang, R
作者单位：Rutgers University System; Rutgers University New Brunswick
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作者：Panagariya, A; Duttagupta, R
作者单位：University System of Maryland; University of Maryland College Park; International Monetary Fund
摘要：In this paper we compare and contrast the political viability of bilateral Free Trade Area (FTA) Agreements in the presence of tariffs and quotas. Assuming that the government maximizes a weighted sum of welfare and producer profits, we show that the political viability of FTAs varies according to whether trade restrictions take the form of tariffs or quotas. A key result is that whereas an FTA is unambiguously rejected by one of the countries under a tariff, it may be endorsed by both trading...
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作者：Hamilton, SF; Stiegert, KW
作者单位：State University System of Florida; University of Central Florida; University of Wisconsin System; University of Wisconsin Madison
摘要：A central result in the theoretical literature on strategic trade is the 'rent-shifting hypothesis'. the idea that government's can employ trade policy as a precommitment device to transfer profit from foreign to domestic firms. To our knowledge, however, the rent-shifting hypothesis remains untested empirically. This paper constructs a theory-based empirical test of rent-shifting behavior that relies on observations of government precommitment variables employed through State Trading Enterpri...
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作者：Qiu, LD; Spencer, BJ
作者单位：University of British Columbia; Hong Kong University of Science & Technology
摘要：This paper considers the implications of relationship-specific investment within keiretsu for policies aimed at opening the Japanese market for intermediate goods, such as auto-parts, Both VIEs applied to parts and VERs restricting Japanese exports of autos cause the keiretsu to import a wider range of parts, but of a relatively unimportant type, such as seat covers, Since keiretsu investment and output fall, the total value of US parts exports may actually fall. For a given value of these exp...
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作者：Beck, T
作者单位：The World Bank
摘要：This paper explores a possible link between financial development and trade in manufactures. The theoretical model focuses on the role of financial intermediaries in facilitating large-scale, high-return projects and shows that economies with better-developed financial sectors have a comparative advantage in manufacturing industries. We provide evidence for this hypothesis, first proposed by Kletzer and Bardhan (Journal of Development Economics 1987;27:57-70), using a 30-year panel for 65 coun...
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作者：Dekle, R
作者单位：University of Southern California
