Journal of International Economics

最新文章

• Unemployment and relative labor market institutions between trading partners AI翻译
  作者：Boulhol, Herve
  作者单位：heSam Universite; Universite Pantheon-Sorbonne
  摘要：This paper contributes to the literature that highlights the role of trading partners' institutions for a country's unemployment rate. The objective is to study whether the results established in the minimum wage-setting of Davis (1998) hold when unemployment is driven by search frictions. This paper finds that relative labor market institutions matter for equilibrium unemployment as they generate comparative advantages, but there are two main differences with Davis. With North-North trade, un...
• Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System AI翻译
  作者：Warnock, Francis E.
  作者单位：University of Virginia
• Productivity differences in an interdependent world AI翻译
  作者：Fadinger, Harald
  作者单位：University of Vienna
  摘要：This paper studies cross-country differences in productivity from an open economy perspective by using a Helpman-Krugman-Heckscher-Ohlin model that embraces the single-cone model and a one-sector economy with factor deepening as particular cases. To estimate the model, I combine tools from development accounting and the factor content of trade literature. When simultaneously fitting data on income, factor prices and the factor content of trade, I find that the one-sector model is by far better...
• Trade booms, trade busts, and trade costs AI翻译
  作者：Jacks, David S.; Meissner, Christopher M.; Novy, Dennis
  作者单位：University of Warwick; Simon Fraser University; University of California System; University of California Davis; National Bureau of Economic Research; Leibniz Association; Ifo Institut
  摘要：What has driven trade booms and trade busts in the past and present? We employ a micro-founded measure of trade frictions consistent with leading trade theories to gauge the importance of bilateral trade costs in determining international trade flows. We construct a new balanced sample of bilateral trade flows for 130 country pairs across the Americas, Asia, Europe, and Oceania for the period from 1870 to 2000 and demonstrate an overriding role for declining trade costs in the pre-World War I ...
• Capital, technology, and specialization in the neoclassical model AI翻译
  作者：Shikher, Serge
  作者单位：Suffolk University
  摘要：The paper studies the effects of technology and capital stock on trade using simulation. For this purpose, the paper develops and evaluates a model that is distinguished by its use of the Eaton-Kortum framework to explain intra-industry trade instead of the usual Armington assumption. It is found that the magnitudes and in many cases signs of the effects of capital stock and technology on specialization are very country-specific. This implies that the regression studies that estimate cross-cou...
• Sovereign default, private sector creditors, and the IFIs AI翻译
  作者：Boz, Emine
  作者单位：International Monetary Fund
  摘要：The data reveal that emerging market sovereign borrowing from International Financial Institutions (IFIs) is small, intermittent and countercyclical compared to that from private sector creditors. The IFI loan contracts offered to sovereigns differ from the private ones in that they are more enforceable and have conditionality arrangements attached to them. Taking these contractual differences as given, this paper builds a quantitative model of a sovereign borrower and argues that better enfor...
• Challenges in central banking: The current institutional environment and forces affecting monetary policy AI翻译
  作者：Kuttner, Kenneth N.
  作者单位：Williams College; National Bureau of Economic Research
• Trade, markup heterogeneity and misallocations AI翻译
  作者：Epifani, Paolo; Gancia, Gino
  作者单位：Pompeu Fabra University; Centre de Recerca en Economia Internacional (CREI); Bocconi University; Bocconi University
  摘要：Markups vary widely across industries and countries, their heterogeneity has increased overtime and asymmetric exposure to international trade seems partly responsible for this phenomenon. In this paper, we study how the entire distribution of markups affects resource misallocation and welfare in a general equilibrium framework encompassing a large class of models with imperfect competition. We then identify conditions under which trade opening, by changing the distribution of markups, may red...
• Financial liberalization, structural change, and real exchange rate appreciations AI翻译
  作者：Meza, Felipe; Urrutia, Carlos
  作者单位：Instituto Tecnologico Autonomo de Mexico
  摘要：The last twenty years have witnessed periods of sustained appreciations of the real exchange rate in emerging economies. The case of Mexico between 1988 and 2002 is representative of several episodes in Latin America and Central and Eastern Europe in which countries opening to capital flows experienced large appreciations accompanied by a significant reallocation of workers towards the non-tradable sector. We account for these facts using a two sector dynamic general equilibrium model of a sma...
• Structural estimation and solution of international trade models with heterogeneous firms AI翻译
  作者：Balistreri, Edward J.; Hillberry, Russell H.; Rutherford, Thomas F.
  作者单位：Colorado School of Mines; University of Melbourne; Swiss Federal Institutes of Technology Domain; ETH Zurich
  摘要：We present an empirical implementation of a general-equilibrium model of international trade with heterogeneous manufacturing firms. The theory underlying our model is consistent with Melitz (2003). A nonlinear structural estimation procedure identifies a set of core parameters and unobserved firm-level trade frictions that best fit the geographic pattern of trade. Our estimation model is consistent with the specified general equilibrium model, and we conduct general equilibrium counterfactual...