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作者：LeBaron, B
作者单位：Brandeis University
摘要：There is reliable evidence that simple rules used by traders have some predictive value over the future movement of foreign exchange prices. This paper will review some of this evidence and discuss the economic magnitude of this predictability. The profitability of these trading rules will then be analyzed in connection with central bank activity using intervention data from the Federal Reserve. The objective is to find out to what extent foreign exchange predictability can be confined to peri...
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作者：Gereffi, G
作者单位：Duke University
摘要：This article uses a global commodity chains perspective to analyze the social and organizational dimensions of international trade networks. In linking international trade and industrial upgrading, this article specifies: the mechanisms by which organizational learning occurs in trade networks; typical trajectories from assembly to OEM and OEM export roles; and the organizational conditions that facilitate industrial upgrading moves such as the shift from assembly to full-package networks. The...
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作者：Dinopoulos, E; Segerstrom, P
作者单位：Michigan State University; State University System of Florida; University of Florida
摘要：This paper develops a specific-factor variant of the 'quality ladders' model without the scale effect property. We analyze the dynamic effects of contingent tariffs that are imposed on imports whenever domestic firms lose their global technological leadership positions to foreign firms. Small 'rent-extracting' contingent tariffs do not benefit domestic firms that fall behind and are negatively related to the global rate of technological change in the short run. Large 'protective' contingent ta...
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作者：Butler, A; Dueker, M
作者单位：State University System of Florida; Florida International University; Federal Reserve System - USA
摘要：We use an open-economy product-cycle model of domestic high-tech/low-tech wages to motivate an empirical specification and test key model-implied restrictions. With data for 11 countries from an internationally comparable data set from the OECD, we conduct panel cointegration analysis that supports the hypothesis that foreign and domestic innovation rates affect domestic wage inequality by equal and opposite magnitudes. The estimated elasticities imply that a 10% increase in the domestic (fore...
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作者：Hsing, YT
作者单位：University of British Columbia
摘要：The Taiwanese export fashion shoe networks are composed of independent producers, suppliers, subcontractors, and trading companies. This paper explores the formation and governance of such networks, the underlying social relationships among participants, and the transformation of the networks as Taiwanese shoe companies moved across the Taiwan Straits to southern China in the late 1980s. The author argues for the key role of the trading companies in the work of the network. Trading companies f...
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作者：Herrendorf, B
作者单位：University of Warwick; Centre for Economic Policy Research - UK
摘要：This paper shows that if the cost of importing foreign inflation and real exchange rate shocks are not too high, then the equilibrium nominal exchange rate regime for a country with a credibility problem is a peg, under which credibility is higher and inflation is lower than under a float. This holds true although devaluations of the pegged rate are assumed to be costless. The reason is that as realized inflation is not perfectly controllable, planned inflation under a float is private informa...
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作者：Gençay, R
作者单位：University of Windsor
摘要：This paper investigates the predictability of spot foreign exchange rate returns from past buy-sell signals of the simple technical trading rules by using the nearest neighbors and the feedforward network regressions. The optimal choices for nearest neighbors, hidden units in a feedforward network and the training set are determined by the cross validation method which minimizes the mean square error. Although this method is computationally expensive the results indicate that it has the advant...
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作者：Eicher, TS
作者单位：University of Washington; University of Washington Seattle
摘要：Within an endogenous growth framework, we examine dynamic gains from trade for parametrically distinct countries. In the absence of international spillovers or factor mobility, previous endogenous growth models generally imply that trade in goods must amplify differences in (1) factor endowments, (2) rates of technical change and (3) economic growth. Even the dynamic HOS model suggests that trade intensifies differences in endogenous factor endowments. In contrast, we present a model where tra...
