-
作者：BERNHOFEN, DM
摘要：We analyze price dumping and anti-dumping duties in the context of a model with a vertical industry structure. Dumping in the intermediate good market arises from differences in country-specific final good production costs. The price differential, or dumping margin, is shown to increase as the productivity difference increases. An anti-dumping duty, designed to reduce the equilibrium price differential, has two effects on welfare: a welfare loss from reduced final good production and a contras...
-
作者：FLANDERS, MJ
-
作者：TORNELL, A
-
作者：DEMELO, J
-
作者：CHINN, MD; MEESE, RA
作者单位：University of California System; University of California Santa Cruz; University of California System; University of California Berkeley
摘要：The paper examines the predictive performance of four structural exchange rate models using both parametric and nonparametric techniques. Error correction versions of the models are fit so that plausible long-run elasticities can be imposed on the fundamental variables of each model. A variety of model evaluation statistics are reported. Our findings confirm that fundamental exchange rate models forecast no better than a random walk model for short-term prediction horizons. For longer horizons...
-
作者：MARTIN, P; ROGERS, CA
作者单位：Georgetown University; Centre for Economic Policy Research - UK
摘要：This paper examines the impact of public infrastructure on industrial location when increasing returns are present. Trade integration implies that firms tend to locate in countries with better domestic infrastructure. High levels of international infrastructure and strong returns to scale magnify industrial relocation due to differentials in domestic infrastructure or capital endowments. Regional policies which finance domestic infrastructure in a poor country lead firms to relocate in this co...
-
作者：BACCHETTA, P; ESPINOSA, MP
作者单位：University of Basque Country; Study Center Gerzensee; Autonomous University of Barcelona; Consejo Superior de Investigaciones Cientificas (CSIC); CSIC - Institut d'Analisi Economica (IAE)
摘要：The residence-based principle has been proposed as a second-best measure to the full international coordination of capital tax policies. This system requires that tax authorities have full information about the foreign investments of their residents. However, the degree of information transmission among governments can be considered as a strategic variable. We show that under some features of the tax system there will not be any information sharing, while there are institutional arrangements u...
-
作者：FISHER, EO
摘要：This paper analyzes the simplest neoclassical economy in which agents have finite lives and there is sustained per capita growth. The growth rate of the world economy depends upon countries' savings propensities and common technology. Trade can reverse an economy's autarkic growth trajectory, and a country with a high savings rate runs a current account surplus. If a surplus country expands aggregate demand while a deficit country contracts analogously, world growth increases. An appropriate i...
-
作者：HARRIGAN, J
作者单位：Wayne State University
摘要：This paper uses data on manufacturing output and factor endowments for 20 OECD countries from 1970 to 1985 to examine the production side of the factor proportions model. Under well-known conditions, there will be a linear Rybczynski relationship between sectoral outputs and factor endowments across countries. This proposition is investigated, using the Kalman filter and maximum likelihood techniques to estimate time-varying parameter models. The results indicate that capital and unskilled lab...
-
作者：TYBOUT, JR; WESTBROOK, MD
摘要：Did Mexico's recent trade liberalization generate productivity gains? We find that average costs fell in most industries, with tradeable goods producers registering the largest reductions. Among importables, these cost reductions trace partly to improvements in relative productivity. Among exportables, they are due to favorable changes in relative prices, probably because imported intermediate goods became cheaper. Gains due to scale economy exploitation were minor and were not correlated with...
