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作者：Saint-Paul, Gilles
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Hautes Etudes Commerciales (HEC) Paris
摘要：An increase in the range of tradable goods is analyzed in a two-country Dombusch-Fischer-Samuelson style model, where labor cannot relocate to another sector upon a non-expected increase in the range of goods that can be traded. The effect of liberalization on the terms of trade tend to favor the poorer country (the East), if (as assumed) the most sophisticated goods are tradable before reform. Second, under ex-post liberalization, there exists a class of workers in the West who are harmed bec...
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作者：Adolfson, Malin; Laseen, Stefan; Linde, Jesper; Villani, Mattias
作者单位：Sveriges Riksbank; Stockholm University
摘要：In this paper, we develop a dynamic stochastic general equilibrium (DSGE) model for an open economy, and estimate it on Euro area data using Bayesian estimation techniques. The model incorporates several open economy features, as well as a number of nominal and real frictions that have proven to be important for the empirical fit of closed economy models. The paper offers: i) a theoretical development of the standard DSGE model into an open economy setting, ii) Bayesian estimation of the model...
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作者：Broda, Christian
作者单位：University of Chicago
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作者：Lane, Philip R.; Milesi-Ferretti, Gian Maria
作者单位：Trinity College Dublin; International Monetary Fund
摘要：We construct estimates of external assets and liabilities for 145 countries for 1970-2004. We describe our estimation methods and key features of the data at the country and global level. We focus on trends in net and gross external positions, and the composition of international portfolios. We document the increasing importance of equity financing and the improvement in the external position for emerging markets, and the differing pace of financial integration between advanced and developing ...
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作者：Aghion, Philippe; Antras, Pol; Helpman, Elhanan
作者单位：Harvard University; National Bureau of Economic Research; Centre for Economic Policy Research - UK; Canadian Institute for Advanced Research (CIFAR)
摘要：We develop a dynamic bargaining model in which a leading country endogenously decides whether to sequentially negotiate free trade agreements with subsets of countries or engage in simultaneous multilateral bargaining with all countries at once. We show how the structure of coalition externalities shapes the choice between sequential and multilateral bargaining, and we identify circumstances in which the grand coalition is the equilibrium outcome, leading to worldwide free trade. A model of in...
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作者：Corsetti, Giancarlo; Martin, Philippe; Pesenti, Paolo
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; European University Institute; Centre for Economic Policy Research - UK; heSam Universite; Universite Pantheon-Sorbonne; Paris School of Economics; National Bureau of Economic Research
摘要：This paper analyzes the international transmission and welfare implications of productivity gains and changes in market size when macroeconomic adjustment occurs both along the intensive margin of trade (changes in the relative price of existing varieties of tradable goods) and the extensive margin (creation and destruction of varieties). We draw a distinction between productivity gains that enhance manufacturing efficiency and gains that lower the cost of firms' entry and of product different...
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作者：Biscourp, Pierre; Kramarz, Francis
摘要：We use the French Customs files, an exhaustive account of the international trade transactions carried out by firms across the period 1986-1992, to analyze the link between imports, exports, employment, and skill structure of French manufacturing firms. Our data allow us to distinguish between imports of finished goods and imports of intermediate inputs. Our results show that there is a strong correlation between increasing imports, in particular imports of finished goods, and job destruction,...
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作者：Bown, Chad P.; Crowley, Meredith A.
作者单位：Brandeis University; Brandeis University; Federal Reserve System - USA; Federal Reserve Bank - Chicago
摘要：This is the first paper to empirically examine whether a country's use of an import restricting trade policy distorts a foreign country's exports to third markets. We first develop a theoretical model of worldwide trade in which the imposition of antidumping and safeguard tariffs, or trade remedies, by one country causes significant distortions in world trade flows. We then empirically test this model by investigating the effect of the United States' use of such import restrictions on Japanese...
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作者：Furusawa, Taiji; Konishi, Hideo
作者单位：Hitotsubashi University; Boston College
摘要：The paper examines the formation of free trade agreements (FTAs) as a network formation game. We consider an n-country model in which (possibly asymmetric) countries trade differentiated industrial commodities. We show that if all countries are symmetric, the complete FTA network is pairwise stable and it is the unique stable network if industrial commodities are not highly substitutable. We also compare FTAs and customs unions (CUs) as to which of these two regimes facilitates global trade li...
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作者：Subramanian, Arvind; Wei, Shang-Jin
作者单位：University System of Maryland; University of Maryland College Park; National Bureau of Economic Research
摘要：This paper furnishes robust evidence that the WTO has had a strong positive impact on trade, amounting to about 120% of additional world trade (or US$ 8 trillion in 2000 alone). The impact has, however, been uneven. This, in many ways, is consistent with theoretical models of the GATT/WTO. The theory suggests that the impact of a country's membership in the GATT/WTO depends on what the country does with its membership, with whom it negotiates, and which products the negotiation covers. Using a...
