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作者：Fabling, Richard; Sanderson, Lynda
作者单位：University of Waikato
摘要：This paper examines input and productivity dynamics of manufacturing firms in the period leading to and following export market entry. We examine 3 possible explanations for the observed productivity gap between exporting and non-exporting firms: self-selection of high-performing firms into exporting; post-entry learning effects; and joint export-investment decisions. We consider both initial entry into exporting and subsequent expansion into new destination markets, showing that capital deepe...
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作者：Bergstrand, Jeffrey H.; Egger, Peter; Larch, Mario
作者单位：University of Notre Dame; University of Notre Dame; Leibniz Association; Ifo Institut; University of Nottingham; University of Bayreuth
摘要：A large class of models with CES utility and iceberg trade costs are now known to generate isomorphic gravity equations. Economic interpretations of these gravity equations vary in terms of two basic elements: the exporter's mass variable and the elasticity of trade with respect to true ad valorem trade costs. In this paper, we offer three potential contributions. First, we formulate and estimate a structural gravity equation based on the standard Krugman model of monopolistic competition and ...
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作者：Elsner, Benjamin
摘要：The enlargement of the European Union provides a unique opportunity to study the impact of the lifting of migration restrictions on the migrant sending countries. With EU enlargement in 2004, 1.2 million workers from Eastern Europe emigrated to the UK and Ireland. I use this emigration wave to show that emigration significantly changed the wage distribution in the sending country, in particular between young and old workers. Using a novel dataset from Lithuania, the UK and Ireland for the cali...
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作者：Kano, Kazuko; Kano, Takashi; Takechi, Kazutaka
作者单位：University of Tokyo; Hitotsubashi University; Hosei University
摘要：This paper empirically establishes the significant roles of transport costs in price dispersions across regions. We identify and estimate the iceberg-type distance-elastic transport costs as a parameter of a structural model of cross-regional price differentials featuring product delivery decisions. Utilizing a data set of wholesale prices and product delivery patterns of agricultural products in Japan, our structural estimation approach finds large distance elasticities of the transport costs...
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作者：Facchini, Giovanni; Silva, Peri; Willmann, Gerald
作者单位：University of Nottingham; University of Milan; Kansas State University; University of Bielefeld; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW)
摘要：The number of preferential trade agreements has greatly increased over the past two decades, yet most existing arrangements take the form of free trade areas, and less than 10% can be considered to be fully fledged customs unions. This paper develops a political economy model of trade policy under imperfect competition to provide a positive explanation for the prevalence of free trade areas. In a three-country setting, a representative from each prospective member is elected to determine the t...
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作者：Keuschnigg, Christian; Devereux, Michael P.
作者单位：University of St Gallen; University of Oxford
摘要：To prevent profit shifting by manipulation of transfer prices, tax authorities typically apply the arm's length principle in corporate taxation and use comparable market prices to 'correctly' assess the value of intracompany trade and royalty income of multinationals. We develop a model of firms subject to financing frictions and offshoring of intermediate inputs. We find that arm's length prices systematically differ from prices set by independent agents. Application of the principle distorts...
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作者：Baumgarten, Daniel
摘要：Using a linked employer-employee data set of the German manufacturing sector, this paper analyses the role of exporting establishments in explaining rising wage dispersion both within and between skill groups in the time period 1996 to 2007. A decomposition analysis shows that the strong increase in the exporter wage gap, conditional on workers' skill levels, contributed to the growth in wage inequality, whereas the increase in the exporters' share in total employment worked towards a reductio...
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作者：Siklos, Pierre L.
作者单位：Wilfrid Laurier University
摘要：Central to the conduct of monetary policy are inflation forecasts. Inflation forecasts are not unique. Central banks and professional organizations generate inflation forecasts while households are surveyed about their inflation outlook. This paper estimates inflation forecast disagreement for nine economies over the 1999-2009 period, five of which target inflation. I find that central bank transparency tends to increase forecast disagreement. To the extent this reflects the attention paid to ...
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作者：Blonigen, Bruce A.; Liebman, Benjamin H.; Pierce, Justin R.; Wilson, Wesley W.
作者单位：University of Oregon; National Bureau of Economic Research; Saint Joseph's University; Federal Reserve System - USA
摘要：Over the past 50 years, the steel industry has been protected by a wide variety of trade policies, both tariff- and quota-based. We exploit this extensive heterogeneity in trade protection to examine the well- established theoretical literature predicting nonequivalent effects of tariffs and quotas on domestic firms' market power. Using plant-level Census Bureau data for steel plants from 1967 to 2002, we find evidence for significant market power effects for binding quota-based protection, bu...
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作者：Oviedo, P. Marcelo; Singh, Rajesh
作者单位：Iowa State University
摘要：This paper studies a two country model with traded and nontraded sectors, in which sector-specific capital goods, as in practice, are produced by combining inputs from all sectors. The model also includes nontraded distribution services employed in retailing traded goods to consumers. The results show that the model with capital goods comprising multisectoral inputs outperforms the standard model in which sectoral output also serves as its capital. In particular, it substantially improves (a) ...
