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作者：Naghavi, Alireza; Strozzi, Chiara
作者单位：University of Bologna; Universita di Modena e Reggio Emilia
摘要：This paper studies the interaction between international migration and intellectual property rights (IPR) in determining innovation performance of developing countries. Although emigration may directly cause brain drain, it generates a flow of knowledge acquired by emigrants abroad back to their home countries, which could be exploited under sound IPR institutions. IPRs can thus stimulate domestic innovation by creating the right environment to absorb potential gains from international migrati...
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作者：Blyde, Juan; Molina, Danielken
作者单位：Inter-American Development Bank
摘要：Casual evidence suggests that multinational companies increasingly look for places with adequate transport and logistic infrastructure to locate affiliates that participate in cross-border production sharing. Yet, there are no systematic empirical analyses examining how logistic infrastructure interacts with the location decisions made by multinationals. Most studies on the determinants of FDI address the issue of transportation-logistics by examining the impact of distance on the relevant out...
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作者：Cook, David; Xu, Juanyi
作者单位：Hong Kong University of Science & Technology
摘要：This paper incorporates search frictions with endogenous job creation and destruction into a two country dynamic stochastic general equilibrium model to explain two macroeconomic facts. First, since the 1980s, European unemployment rates have risen substantially above USA levels. Second, the European business cycle has lagged the USA business cycle during the period of the Great Moderation. In the model, more generous unemployment benefits and greater employment protection (manifested as firin...
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作者：Etkes, Haggay; Zimring, Assaf
作者单位：Bank of Israel; University of Michigan System; University of Michigan
摘要：This paper uses detailed household expenditure and firm production data to study the welfare consequences of the blockade imposed on the Gaza Strip between mid-2007 and mid-2010. Using the West Bank as a counterfactual economy, we find that welfare declined by 14%-27%. Moreover, households with larger pre-blockade expenditure levels experienced larger welfare losses. We show that this large decline in welfare may be due to a combination of resource reallocation and reduced productivity. Worker...
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作者：Davidson, Carl; Heyman, Fredrik; Matusz, Steven; Sjoholm, Fredrik; Zhu, Susan Chun
作者单位：Michigan State University; Research Institute of Industrial Economics (IFN); Lund University
摘要：This paper focuses on the ability of the labor market to efficiently match heterogeneous workers to jobs within a given industry and the role that globalization plays in that process. Using matched worker-firm data from Sweden, we find strong evidence that openness improves the matching between workers and firms in industries with greater comparative advantage. This suggests that there may be significant gains from globalization that have not been identified in the past globalization may impro...
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作者：Maystre, Nicolas; Olivier, Jacques; Thoenig, Mathias; Verdier, Thierry
作者单位：Hautes Etudes Commerciales (HEC) Paris; University of Lausanne; Centre for Economic Policy Research - UK; Institut Polytechnique de Paris; Ecole des Ponts ParisTech; Paris School of Economics
摘要：We provide a model of product-based cultural change where trade integration leads to cultural convergence. A standard trade model of Dixit-Stiglitz monopolistic competition is coupled with a micro-founded model of cultural dynamics. We show that access to varieties that are attached to a global cultural type changes the incentives of parents to socialize their children and transmit their type. The resulting increase in agents of the global cultural type leads to a magnification of the initial ...
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作者：Blonigen, Bruce A.; Fontagne, Lionel; Sly, Nicholas; Toubal, Farid
作者单位：University of Oregon; National Bureau of Economic Research; Leibniz Association; Ifo Institut; Universite Paris Saclay
摘要：This paper develops a model of cross-border M&A activity that features firm-level productivity shocks and endogenous export activity. We show that foreign firms will be relatively more attracted to targets in the domestic country that had high productivity levels that induced them to invest in large export networks several years prior to acquisition, but subsequently experienced a negative productivity shock (i.e., cherries for sale). From the theory we derive a dynamic panel binary choice emp...
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作者：Dias, Daniel A.; Richmond, Christine; Wright, Mark L. J.
作者单位：International Monetary Fund; Federal Reserve System - USA; Federal Reserve Bank - Chicago; National Bureau of Economic Research
摘要：The stock of sovereign debt is typically measured at face value. Defined as the undiscounted sum of future principal repayments, face values are misleading when debts are issued with different contractual forms or maturities. In this paper, we construct alternative measures of the stock of external sovereign debt for 100 developing countries from 1979 through 2006 that correct for differences in contractual form and maturity. We show that our alternative measures: (1) paint a very different qu...
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作者：Fernandes, Ana P.; Tang, Heiwai
作者单位：University of Exeter; Johns Hopkins University; Leibniz Association; Ifo Institut
摘要：This paper studies how learning from neighboring firms affects new exporters' performance. We develop a statistical decision model in which a firm updates its prior belief about demand in a foreign market based on several factors, including the number of neighbors currently selling there, the level and heterogeneity of their export sales, and the firm's own prior knowledge about the market. A positive signal about demand inferred from neighbors' export performance raises the firm's probability...
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作者：Simonovska, Ina; Waugh, Michael E.
作者单位：University of California System; University of California Davis; National Bureau of Economic Research; New York University
摘要：Quantitative results from a large class of structural gravity models of international trade depend critically on the elasticity of trade with respect to trade frictions. We develop a new simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data and we use it within Eaton and Kortum's (2002) Ricardian model. We apply our estimator to disaggregate price and trade-flow data for 123 countries in the year 2004. Our method yields a trade elasticity...
