2001

最新文章

• The sufficiency of the 'lens condition' for factor price equalization in the case of two factors AI翻译
  作者：Xiang, C
  作者单位：University of Michigan System; University of Michigan
  摘要：Factor price equalization (FPE) is a central theme in trade theory, for which [Dixit, A.K., Norman, V., 1980. Theory of International Trade, Cambridge University Press, London] establish the necessary and sufficient condition (the Dixit-Norman condition). [Deardorff, A.V. 1994. The possibility of factor price equalization: revisited, Journal of International Economics 36, 167-175.] provides a more intuitive condition (the lens condition) and establishes its necessity in general, as well as its...
• In search of substitution between foreign production and exports AI翻译
  作者：Blonigen, BA
  作者单位：University of Oregon
  摘要：Are foreign production and exports substitutes or complements? Standard theory of the multinational corporation (MNC) assumes substitution, while previous empirical work examining the relationship has generally found strong evidence of complementarity. This study examines product-level data, which more closely fits the assumption of a single-product firm often used in MNC theory, and finds substantial evidence for both a substitution and a complementarity effect between affiliate production an...
• The new open economy macroeconomics: a survey AI翻译
  作者：Lane, PR
  作者单位：Trinity College Dublin; Trinity College Dublin
  摘要：Since the 1995 publication of Obsteld and Rogoff's Redux model, there has been an outpouring of research on open-economy dynamic general equilibrium models that incorporate imperfect competition and nominal rigidities. This paper offers an interim survey of this recent literature. (C) 2001 Elsevier Science B.V. All rights reserved.
• Schumpeterian unemployment, trade and wages AI翻译
  作者：Sener, F
  作者单位：Union College
  摘要：This paper develops a dynamic general equilibrium model of R&D-generated growth without scale effects and knowledge-based trade of higher quality products between two structurally-identical countries. A product replacement mechanism coupled with a time-consuming job-matching process generates Schumpeterian unemployment. A global reduction in tariffs stimulates innovation and growth. It also raises the relative wage of skilled workers, motivating more individuals to undergo skill upgrading. In ...
• Reaping what you sow: an empirical analysis of international patent harmonization AI翻译
  作者：McCalman, P
  作者单位：University of California System; University of California Santa Cruz
  摘要：This paper extends analysis of the GATT Uruguay Round by quantifying the impact of international patent harmonization as implied by the TRIPs agreement. Patent harmonization has the capacity to generate large transfers of income between countries, the US being the major beneficiary. Developing countries are major contributors to these transfers, but Canada, the UK, and Japan also make sizable contributions. (C) 2001 Elsevier Science BY All rights reserved.
• Measurement of nontariff barriers AI翻译
  作者：Prusa, TJ
  作者单位：Rutgers University System; Rutgers University New Brunswick
• Two monies, two markets? Variability and the option to segment AI翻译
  作者：Friberg, R
  作者单位：Stockholm School of Economics
  摘要：This paper examines the decision to create barriers to arbitrage for a firm selling on two national markets. Real exchange rate changes affect the incentives to create such barriers since they influence the optimal prices. Sunk costs of market segmentation imply that the option to segment markets is more valuable the greater the variability of the real exchange rate. If a monetary union reduces future real exchange rate variability it could thus stimulate market integration. (C) 2001 Elsevier ...
• The exchange rate in a dynamic-optimizing business cycle model with nominal rigidities: a quantitative investigation AI翻译
  作者：Kollmann, R
  作者单位：University of Bonn
  摘要：This paper studies a quantitative dynamic-optimizing business cycle model of a small open economy with staggered price and wage setting. The model exhibits exchange rate overshooting in response to money supply shocks. The predicted variability of the nominal and, especially, of the real exchange rate is noticeably higher than in standard Real Business Cycle models with flexible prices and wages. A positive domestic money supply shock is predicted to lower the domestic interest rate, raise GDP...
• The new global economy and developing countries: Making openness work AI翻译
  作者：Velenchik, A
  作者单位：Wellesley College
• The morning after: explaining the slowdown in Japanese growth in the 1990s AI翻译
  作者：Bayoumi, T
  作者单位：International Monetary Fund
  摘要：This paper uses a VAR to investigate four possible explanations of the extended slump in Japanese economic activity over the 1990s: the absence of bold and consistent fiscal stimulus; the limited room for expansionary monetary policy due to a liquidity trap; overinvestment and debt overhang; and disruption of financial intermediation. The results indicate that all of these factors played a role, but that the major explanation is disruption in financial intermediation, largely operating through...