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作者：Klein, MW
作者单位：Tufts University
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作者：Smith, PJ
作者单位：University of Minnesota System; University of Minnesota Twin Cities
摘要：This paper analyzes how foreign patent rights (FPRs) affect US exports, affiliate sales, and licenses. Our approach is distinctive in three ways. We apply ownership, location, and internalization concepts to link FPRs with servicing decisions. We account for the simultaneity of servicing decisions. We estimate the relative effects of FPRs on exports, affiliate sales, and licenses. Empirical findings show strong FPRs increase US affiliate sales and licenses, particularly across countries with s...
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作者：Bond, EW; Syropoulos, C; Winters, LA
作者单位：State University System of Florida; Florida International University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Sussex
摘要：We construct a three-country, two-bloc, multi-product trade model in which tariff agreements between customs union members are binding whereas inter-bloc tariff agreements are self-enforcing. Our main objective is to explore how the liberalization of trade between customs union members (i.e. the deepening of regional integration) affects the sustainability of tariff agreements with the rest of the world (ROW). We derive conditions under which Kemp-Wan [Kemp, M.C. and ii. Wan, Jr., 1976, An ele...
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作者：Hakura, DS
作者单位：International Monetary Fund
摘要：This paper examines the role of international differences in production techniques in explaining the empirical failure of the Heckscher-Ohlin-Vanek (HOV) model. It develops a modified HOV model that relaxes the assumption of identical production techniques across countries and can be estimated using input-output data of individual countries. The contribution of international differences in techniques to net factor trade patterns is then isolated by comparing the performance of the strict and m...
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作者：Skaksen, MY; Sorensen, JR
作者单位：University of Southern Denmark; Aarhus University
摘要：It is often argued that FDI hurts workers in the home country because jobs are moved abroad. Contrary to that view, businessmen often argue that FDI benefits home workers because there will be an expansion in the firm. We show that both views may be corrects and whether home workers gain or lose on FDI depends on which kinds of activities the firm moves to the host country. If there is a big degree of substitutability (complementarity) between activities in the home country and activities in t...
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作者：Peek, J; Rosengren, ES
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Boston
摘要：Since August 1995, Japanese banks have had to pay a premium on Eurodollar and Euroyen interbank loans relative to their U.S. and U.K. competitors. This so-called Japan premium provides a market indicator of investor anxiety about the ability of Japanese banks to repay loans. We examine the determinants of the Japan premium and find that government announcements not associated with concrete actions had little impact. On the other hand, announcements of concrete actions by the Japanese governmen...
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作者：Popper, H; Montgomery, JD
作者单位：Santa Clara University
摘要：This paper develops a model of information sharing among heterogeneously informed agents and it uses the model to examine a rationale for intervention in the foreign exchange market. The model shows that in a partially revealing rational expectations equilibrium, some agents can gain by sharing among themselves private information about transitory exchange rate disturbances. In this setting, a central bank can affect the exchange rate by aggregating and disseminating agents' information. The p...
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作者：Baldwin, RE; Ottaviano, GIP
作者单位：Bocconi University
摘要：Global patterns of FDI and trade are remarkably similar, yet mainstay theory has them as substitutes. We posit a model where multiproduct, final-goods firms simultaneously engage in intraindustry FDI and intraindustry trade. The logic behind this two-way FDI is analogous to that of two-way trade in the Brander-Krugman reciprocal-dumping model. Namely, multiproduct firms use tmde costs to reduce inter-variety competition by placing production of some varieties abroad. Since the varieties are di...
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作者：Bergin, PR; Feenstra, RC
作者单位：University of California System; University of California Davis; University of California System; University of California Davis; National Bureau of Economic Research
摘要：This paper explores an explanation for the high degree of persistence and volatility observed in real exchange rate data. In particular, it considers a class of preferences that are translogin Form, which exhibit the property that the elasticity of demand is not constant. This property is shown to he important for generating pricing-to-market behavior in price-setting firms and for helping staggered contracts to generate endogenous persistence. The paper finds that translog preferences generat...
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作者：Gandal, N; Shy, O
作者单位：Tel Aviv University; University of Haifa
摘要：We analyze governments' incentives to recognize foreign standards when there are potentially both network effects and conversion costs. When government policy is limited to either recognizing all foreign standards or not recognizing any foreign standard, recognition is always the outcome. We then consider a setting in which countries can form standardization unions. When conversion costs are relatively large, two countries can increase their welfare by forming a standardization union that does...
