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作者：Richardson, M
作者单位：University of Otago
摘要：This paper demonstrates that, when countries individually choose whether or not to prohibit parallel imports, a global Nash equilibrium involves the permitting of parallel importing into all relevant foreign markets i.e. global uniform pricing. This result is sensitive in a straightforward way to the tariff-setting powers of countries and to the specification of a government's objective function (i.e. political economy considerations). We also show that when countries can prevent 'parallel exp...
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作者：Irwin, DA; Terviö, M
作者单位：Dartmouth College; Dartmouth College; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
摘要：Efforts to estimate the effects of international trade on a country's real income have been hampered by the failure to account for the endogeneity of trade. Frankel and Romer recently use a country's geographic attributes - notably its distance from potential trading partners - to construct an instrument to identify the effects of trade on income in 1985. Using data from the pre-World War 1. the interwar, and the post-war periods, we find that the main result of Frankel and Romer is confirmed ...
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作者：Ickes, BW
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
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作者：Murray, CJ; Papell, DH
作者单位：University of Houston System; University of Houston
摘要：Rogoff (Journal of Economic Literature 1996;34:647-668) describes the 'remarkable consensus' of 3-5 year half-lives of purchasing power parity deviations among studies using long-horizon data. These studies, however, focus on rejections of unit roots in real exchange rates and do not use appropriate techniques to measure persistence. Our half-life estimates explicitly account for serial correlation, sampling uncertainty and, most importantly, small sample bias. Calculating confidence intervals...
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作者：Delgado, MA; Fariñas, JC; Ruano, S
作者单位：Universidad Carlos III de Madrid; Complutense University of Madrid; Banco de Espana
摘要：This paper examines total factor productivity differences between exporting and non-exporting firms. These differences are documented on the basis of a sample of Spanish manufacturing firms over the period 1991-1996. The paper also examines two complementary explanations for the greater productivity of exporting firms: (1) the market selection hypothesis, and (2) the learning hypothesis. Non-parametric tests are proposed and implemented for testing these hypotheses. Results indicate clearly hi...
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作者：Arnold, LG
作者单位：University of Regensburg
摘要：This paper examines the impact of intensified North-South intra-industry trade from a growth theoretic perspective. It incorporates unemployment into Helpman's [Econometrica 61 (1993) 1247] model of North-South trade. We assume that those Northern workers who lose their jobs due to imitation remain unemployed for a given (expected) length of time, so that imitation in the South causes frictional unemployment. It is shown that the shape of the relation between the (exogenous) rate of imitation ...
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作者：Magee, C
摘要：This paper develops a model in which tariffs are determined through bargaining between a utility maximizing policy maker and an industry lobby. Individual firms only contribute to the lobbying effort if it is in their own self-interest so that both trade policies and lobby formation are endogenous. By introducing bargaining between the industry and the government. the paper provides microfoundations for the tariff-formation function approach taken by many authors in the political economy liter...
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作者：McCalman, P
作者单位：University of California System; University of California Santa Cruz
摘要：This paper considers the interaction between private information and the Most Favored Nation clause in trade negotiations. It demonstrates that by aggregating uncertainty over a number of trading partners, the Most Favored Nation clause may offer a welfare improvement over a set of bilateral trade negotiations. This improvement is shown to be most pronounced when a large number of countries are involved in negotiations. (C) 2002 Elsevier Science B.V. All rights reserved.
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作者：Kose, MA
作者单位：Brandeis University
摘要：This paper analyzes the role of world price shocks - fluctuations in the prices of capital, intermediate, and primary goods, and in the world real interest rate - in the generation and propagation of business cycles in small open developing countries. I construct a stochastic dynamic multi-sector small open economy model. The model is a variant of the specific-factors model and reflects the major structural characteristics of developing economies. I utilize variance decomposition methods to qu...
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作者：Osakwe, PN; Schembri, LL
作者单位：Bank of Canada
摘要：This paper examines the impact of collapsing fixed, permanently fixed, and flexible exchange rate regimes on real output. Much of the recent discussion of the causes of exchange rate regime collapses has focused on capital flows and export demands. In an environment in which such external shocks predominate, a flexible exchange rate is shown theoretically to produce lower output variability for a range of parameter values. A counterfactual exercise is performed using Mexican data. We find that...
