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作者：Porteous, Obie
作者单位：Middlebury College
摘要：Reduced oil revenues since 2014 are stimulating tradable sectors in oil-exporting countries. I use an open economy model with internal and external trade costs to investigate the prospects for reverse Dutch disease in African countries with a comparative advantage in agriculture. While falling resource revenues lead factors of production to shift into agriculture, remote farmers can lose when trade costs make agricultural goods behave like non-tradables. Household survey data from Nigeria show...
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作者：Hinz, Julian; Monastyrenko, Evgenii
作者单位：University of Bielefeld; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW); University of Bielefeld; University of Luxembourg
摘要：In August 2014, the Russian Federation implemented an embargo on select food and agricultural imports from Western countries in response to previously imposed economic sanctions. In this paper we quantify the effect of this embargo on consumer prices and welfare in Russia. We provide evidence for the direct effect on monthly consumer prices with a difference-in-differences approach. The embargo caused prices of embargoed goods to rise by up to 7.7% - 14.9% in the short run and by on average 2....
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作者：Gafaro, Margarita; Pellegrina, Heitor S.
作者单位：New York University; New York University Abu Dhabi; Banco de la Republica Colombia
摘要：This paper studies how farmers' participation in non-local markets shapes agricultural productivity. Using farm-level data from Colombia, we document two empirical patterns about the spatial organization of agriculture. First, across municipalities, better access to urban centers increases farmers' productivity and participation in non-local markets, but reduces farm size. Second, within municipalities and crop-choices, larger farms participate more in non-local markets and have higher product...
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作者：Meinen, Philipp; Parrotta, Pierpaolo; Sala, Davide; Yalcin, Erdal
作者单位：Aarhus University; Centre National de la Recherche Scientifique (CNRS); CNRS - Institute for Humanities & Social Sciences (INSHS); IESEG School of Management; Universite de Lille; University of Passau
摘要：While managerial mobility is ubiquitously seen as an integral part of the success in firms' internationalization, discerning its empirical merits has been impaired by the paucity of quasi experimental evidence, or adequate instrumental variables. To overcome these objective limitations, this paper proposes a novel identification strategy, which uses a control function based on on-the-job search theory to correct estimates for the presence of self-selected mobility flows. Our analysis confirms ...
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作者：Che, Yi; Lu, Yi; Pierce, Justin R.; Schott, Peter K.; Tao, Zhigang
作者单位：East China University of Science & Technology; Tsinghua University; Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：We examine election voting and legislators' roll-call votes in the United States over a twenty-five year period. Voters in areas more exposed to trade liberalization with China in 2000 sub-sequently shift their support toward Democrats, relative to the 1990s, though this boost for Democrats wanes after the rise of the Tea Party in 2010. House members' votes in Congress ra-tionalize these trends, with Democratic representatives disproportionately supporting protec-tion during the early 2000s. T...
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作者：Eichengreen, Barry; Naef, Alain
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR); European Central Bank; Bank of France
摘要：Using newly assembled data on foreign exchange market intervention, we construct a daily index of exchange market pressure during the 1992-3 crisis in the European Monetary System, allowing us to pinpoint when and where the crisis was most severe. Our analysis focuses on a neglected factor in the crisis: the role of the weak dollar in intra-EMS tensions. We provide new evidence of the contribution of a falling dollar-Deutschmark exchange rate to pressure on EMS currencies.(c) 2022 Elsevier B.V...
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作者：Freund, Caroline; Mulabdic, Alen; Ruta, Michele
作者单位：University of California System; University of California San Diego; The World Bank
摘要：In the mid-2000s, the production of hearing aids shifted almost entirely to 3D printing. Using difference-in-differences and synthetic control methods, this paper examines the effects of this shift on trade flows. Exploiting variation in the timing of adoption of the new technology by different producers to identify the causal effects of 3D printing, the analysis finds that ex-ports of hearing aids increased by roughly 80% following the introduction of the new technol-ogy. There is no evidence...
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作者：Schmidt, Julia; Steingress, Walter
作者单位：European Central Bank; Bank of France; Bank of Canada
摘要：This paper quantifies a novel channel that contributes to greater trade integration: the release of harmonized, voluntary product standards. Standards define product characteristics that ensure compatibility, quality and consistency. Harmonized standards unify these characteristics across countries and reduce country-specific adaption costs. We create a novel database on cross-country standards and show that harmonized standards have contributed up to 13% of the growth in global trade. We buil...
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作者：Choi, Woo Jin; Taylor, Alan M.
作者单位：Korea Development Institute (KDI); University of California System; University of California Davis; National Bureau of Economic Research; Centre for Economic Policy Research - UK
摘要：We document a new international stylized fact on the relationship between external wealth, capital controls, and the real exchange rate. We first re-confirm that the real exchange rate ap-preciates when external asset holdings increase, all else equal, a central mechanism in interna-tional economics. However, we find that increases in publicly held external assets (reserves) are associated with depreciation, especially if combined with high capital controls. Reserve ac-cumulation is also assoc...
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作者：Panon, Ludovic
作者单位：European Central Bank; Bank of Italy
摘要：This paper proposes a new determinant of labor share changes. Using micro-data on the universe of French manufacturing exporters over 1995-2007, I show that a measure of export demand growth exogenous to firm-level outcomes drives down the manufacturing labor share through two effects. First, foreign demand shocks allow low-labor share, highly internationalized super-star exporters to grow disproportionately more. Second, foreign demand growth decreases the labor share of exporters and this ef...
