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作者：Blouri, Yashar; Ehrlich, Maximilian, V
作者单位：University of Bern
摘要：Wequantify general equilibriumeffects of place-based policies in amulti-region frameworkwith populationmobility, trade and agglomeration economies. Using detailed data on EU transfers, we estimate the local effects of different transfer types on productivity, income and transportation costs. Integrating these estimates into the model, we derive the spatial distribution of economic activity and corresponding welfare that would have materialized without transfers. We show that EU transfers have ...
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作者：Bagwell, Kyle; Staiger, Robert W.; Yurukoglu, Ali
作者单位：Stanford University; Dartmouth College; Stanford University; National Bureau of Economic Research
摘要：We provide an equilibrium analysis of the efficiency properties of simultaneous bilateral tariff negotiations in a three-country model of international trade. We consider the setting in which discriminatory tariffs are allowed, and we utilize the Nash-in-Nash solution concept of Horn and Wolinsky (1988). We allow for a general family of political-economic country welfare functions and assess efficiency relative to these welfare functions. We establish a sense in which the resulting tariffs are...
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作者：Fan, Haichao; Liu, Yu; Qiu, Larry D.; Zhao, Xiaoxue
作者单位：Fudan University; Shanghai Institute of International Finance & Economics; Fudan University; Lingnan University; Wesleyan University
摘要：How does domestic value-added tax (VAT) reform affect firms' export? We address this question via a model in which firms choose their sales for the domestic and foreign markets optimally. The model predicts that strengthening domestic tax enforcement has a negative effect on domestic sales but a positive effect on exports when firms face a convex production cost function. We test the model predictions using detailed firm- and product-level data from Chinese industrial surveys and customs recor...
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作者：Hottman, Colin J.; Monarch, Ryan
作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：We estimate import price inflation for different income deciles of U.S. consumers over the years 1998 through 2014. After structurally estimating the parameters of a model capturing non-homotheticity across sectors, we use price data from the universe of foreign establishments exporting goods to the U.S. as well as consumer expenditure information to construct import price indexes. We find that lower income households experienced the most import price inflation, while higher income households ...
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作者：Cheng, Hua; Hu, Cui; Li, Ben G.
作者单位：Peking University; Central University of Finance & Economics; Boston College
摘要：The names of traders should not matter if information is symmetric across traders. By examining export data from Chinese customs, we find persistent lexicographic biases in firm-level export records. Firms whose names are lexicographically earlier in the Chinese-character rank export more to countries that have greater language proximities to Chinese, while firms whose names are lexicographically earlier in the English-romanization rank export more to countries that have greater language proxi...
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作者：Egger, Peter H.; Strecker, Nora M.; Zoller-Rydzek, Benedikt
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich; Swiss Federal Institutes of Technology Domain; ETH Zurich; Zurich University of Applied Sciences
摘要：The effective corporate profit tax rates (ETRs) of multinational enterprises (MNEs) are in general lower than those of national enterprises (NEs). In this paper, we argue that the bargaining power of MNEs is an important factor in explaining these differences beyond profit shifting. First, larger and more profitable firms are more valuable for tax authorities through, e.g., higher tax revenues and employment. In threatening to move their operations to other jurisdictions, larger firms, and spe...
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作者：Bombardini, Matilde; Li, Bingjing
作者单位：Canadian Institute for Advanced Research (CIFAR); University of British Columbia; National University of Singapore
摘要：Did the rapid expansion of Chinese exports between 1990 and 2010 contribute to the country'sworsening environmental quality? We exploit variation in local industrial composition to gauge the effect on pollution and health outcomes of export expansion due to the decline in tariffs faced by Chinese exporters. In theory, rising exports can increase pollution and mortality due to increased output, but theymay also raise local incomes, which can in turn promote better health and environmental quali...
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作者：Heerman, Kari E. R.
摘要：I develop a general equilibrium framework for agricultural trade policy analysis that allows agro-ecological characteristics to influence patterns of specialization within the agricultural sector and trade costs to be product-specific. This induces substantial variation in market share elasticities with respect to a given exporter's trade costs across its competitors, with the largest magnitude elasticities between countries most likely to compete head-to-head in the same products. The model i...
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作者：Hale, Galina B.; Jones, Peter C.; Spiegel, Mark M.
作者单位：Federal Reserve System - USA; Federal Reserve Bank - San Francisco; University of California System; University of California Berkeley
摘要：We examine currency denomination in a large sample of private international bonds issued by small country firms. We find a substantive and persistent increase in the share of international bond placements denominated in issuers' home currencies, potentially mitigating currency mismatch. This trend appears to have accelerated since the global financial crisis. We find that global financial conditions as well as issuers' country inflation history determine the change in home currency issuance. W...
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作者：Kohn, David; Leibovici, Fernando; Szkup, Michal
作者单位：Pontificia Universidad Catolica de Chile; Federal Reserve System - USA; Federal Reserve Bank - St. Louis; University of British Columbia
摘要：We study the role of financial frictions and balance-sheet effects in accounting for the dynamics of aggregate exports in large devaluations. We investigate a small open economy with heterogeneous firms and endogenous export decisions in which firms face financing constraints and debt can be denominated in foreign units. Despite the negative impact of these channels on capital accumulation and output at the firm-level, we find that they only explain a modest fraction of the gradual increase of...
