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作者：Schmitz, H
作者单位：University of Sussex
摘要：This paper is concerned with the role of trust in export manufacturing. It asks how trust has developed in two industrial clusters which are located in developing countries and export most of their output to North America and Europe. The main conclusion is that trust was based initially on socio-cultural ties between clustered firms and later on conscious investments in inter-firm relationships. (C) 1999 Elsevier Science B.V. All rights reserved.
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作者：Bernard, AB; Jensen, JB
作者单位：National Bureau of Economic Research; Yale University; Carnegie Mellon University
摘要：A growing body of empirical work has documented the superior performance characteristics of exporting plants and firms relative to non-exporters. Employment: shipments, wages, productivity and capital intensity are all higher at exporters at any given moment. This paper asks, whether good firms become exporters or whether exporting improves firm performance. The evidence is quite clear on one point: good firms become exporters, both growth rates and levels of success measures are higher ex-ant...
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作者：Copeland, BR; Taylor, MS
作者单位：University of British Columbia
摘要：We develop a simple two-sector dynamic model to show how pollution can provide a motive for trade by spatially separating incompatible industries. We assume that the production of Smokestack manufactures generates pollution, which lowers the productivity of an environmentally sensitive sector (Farming). Two identical, unregulated countries will gain from trade if the share of world income spent on Smokestack goods is high. In contrast, when the share of world income spent on the dirty good is ...
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作者：Feenstra, RC; Yang, TH; Hamilton, GG
作者单位：University of California System; University of California Davis; University of Washington; University of Washington Seattle
摘要：We analyze the impact of market structure on the trade performance of South Korea, Taiwan and Japan. South Korea has many large, vertically-integrated business groups known as 'chaebol' whereas business groups in Taiwan are smaller and more specialized in the production of intermediate inputs. We test the hypotheses mat a greater presence of business groups leads to less product variety but higher product quality, using data on exports from these countries to the United States. We find that Ta...
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作者：Rowland, PF
作者单位：Fordham University
摘要：This paper employs an intertemporal portfolio-choice model that incorporates proportional transaction costs to examine two features of portfolio allocation: the domestic bias of equity holdings and the relationship between domestic and international turnover rates. The model implies that the rate of portfolio diversification decreases as the magnitude of the transaction costs increases. As costs increase, active portfolio reallocation decreases and is replaced by passive portfolio reallocation...
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作者：McLaren, J
作者单位：Columbia University
摘要：This paper analyzes the degree of formality in industrial procurement. Contracts impose cost discipline on suppliers, but stifle cooperative innovation; noncontractual procurement provides cooperation but poor cost discipline. However, cost discipline comes naturally when there is not much vertical integration, because the promise of finding an alternative buyer to use as a bargaining threat enhances the supplier's incentive to make efficiency-enhancing investments. Thus, highly integrated ind...
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作者：van Wincoop, E
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York
摘要：There is extensive evidence that risksharing across countries is far from perfect. Some have attributed this to small benefits from risksharing. Gains from riskpooling that have been reported range from negligible to enormous. This paper documents to what extent the results are sensitive to the parameterization of preferences, the stochastic process of the endowment, and its measurement. We find that gains from risksharing are quite sizable for realistic assumptions about the underlying factor...
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作者：Normandin, M
作者单位：University of Quebec; University of Quebec Montreal; University of Quebec; University of Quebec Montreal
摘要：This paper gauges the twin deficits hypothesis, i.e. a positive causal relationship between the external and budget deficits. This relationship is measured by the responses of the external deficit to changes in the budget deficit induced by Blanchard's model. These responses are positively affected by the birth rate and by the degree of persistence of the budget deficit. Empirical results for the Canadian and US economies reveal that, although the relevant birth rates are small, the great pers...
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作者：Rauch, JE; Feenstra, RC
作者单位：University of California System; University of California San Diego; University of California System; University of California Davis
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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 assesses whether, how, and to what extent U.S. exports are sensitive to national differences in patent rights. I estimate bilateral trade equations that account for trade distortions related to patent rights using data on state-to-country manufacturing exports in 1992. I find that weak patent rights are a barrier to U.S. exports, but only to countries that pose a strong threat-of-imitation (e.g. China). The stronger patent rights required under the WTO agreement increase U.S. export...
