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作者：Bayramoglu, Basak; Copeland, Brian R.; Jacques, Jean-Francois
作者单位：AgroParisTech; INRAE; Universite Paris Saclay; University of British Columbia; Universite Gustave-Eiffel; Universite Paris-Est-Creteil-Val-de-Marne (UPEC); Universite PSL; Universite Paris-Dauphine; Centre National de la Recherche Scientifique (CNRS); Institut de Recherche pour le Developpement (IRD); Laboratoire dEconomie de Dauphine LEDa
摘要：Many renewable resource sectors are heavily subsidized and yet the resources are also seriously depleted. World Trade Organization members included subsidies in a key renewable resource sector (fisheries) in the Doha round of trade negotiations, which subsequently stalled. This paper develops a simple model to show why prospects for a deal on fisheries subsidies may be difficult. Typically international spillover effects create incentives among exporters to negotiate reductions in subsidies: o...
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作者：Chakraborty, Pavel; Raveh, Ohad
作者单位：Lancaster University; Hebrew University of Jerusalem; Curtin University
摘要：Can input-trade liberalization increase the demand for managers? Imported inputs are an important source of technology inflows. Previous research on the implications of imported inputs overlooked their potential effect on the demand for managing the new incoming knowledge. Adopting the case of India, this paper presents a first empirical attempt to fill this gap. Using detailed firm-level data that uniquely distinguishes between the compensations of managers and non-managers, and exploiting th...
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作者：Demir, Banu; Javorcik, Beata
作者单位：Ihsan Dogramaci Bilkent University; Centre for Economic Policy Research - UK; University of Oxford
摘要：The literature has documented how firms adjust to increased competitive pressures arising from globalization. This paper demonstrates a new margin of adjustment, namely, provision of trade credit. A simple model predicts that an increase in competitive pressures will lead exporters to provide trade credit and lower prices and that the price adjustment will be attenuated by trade credit provision. These predictions are tested in the context of an exogenous shock, the end of the Multi-Fiber Arra...
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作者：Stiebale, Joel; Vencappa, Dev
作者单位：Heinrich Heine University Dusseldorf; Aston University
摘要：This paper uses a rich panel data set of Indian manufacturing firms to analyze the effects of domestic and international acquisitions on various outcomes at target firm and product level. We apply recent methodological advances in the estimation of production functions together with information on prices and quantities to estimate physical productivity, markups, marginal costs and proxies for product quality. Using a propensity score reweighting estimator, we find that acquisitions are associa...
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作者：Temesvary, Judit; Ongena, Steven; Owen, Ann L.
作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors; University of Zurich; Swiss Finance Institute (SFI); KU Leuven; Centre for Economic Policy Research - UK; Hamilton College
摘要：We examine how U.S. monetary policy affects the international activities of U.S. banks. We access a rarely studied U.S. bank-level regulatory dataset to assess at a quarterly frequency how changes in the U.S. Federal funds rate (before the crisis) and quantitative easing (after the onset of the crisis) affect changes in cross-border claims by U.S. banks across countries, maturities and sectors, and also affect changes in claims by their foreign affiliates. We find robust evidence consistent wi...
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作者：Fan, Jingting; Tang, Lixin; Zhu, Weiming; Zou, Ben
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Jinan University; University of Navarra; IESE Business School; Michigan State University
摘要：Domestic trade costs reduce aggregate welfare and result in worse access to consumption goods in small and remote cities. As a new trade technology, e-commerce can increase inter-city trade and alleviate spatial consumption inequality because it (1) eliminates the fixed cost of market entry, and (2) reduces the effects of distance on trade costs. Using unique data from China's leading e-commerce platform, we provide evidence consistent with these two features: online trade is less hindered by ...
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作者：Li, Bingjing
作者单位：National University of Singapore
摘要：This paper studies the impact of export expansion due to the decline in tariffs faced by exporters on human capital accumulation across China. Following a theoretically consistent approach, I construct regional measures of high- and low-skill export demand shocks using the variation in initial industry composition across regions and differential skill intensities across industries. Using a sub-national data over the period 1990 to 2005, the empirical analysis shows that high-skill export shock...
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作者：Kuersteiner, Guido M.; Phillips, David C.; Villamizar-Villegas, Mauricio
作者单位：University System of Maryland; University of Maryland College Park; University of Notre Dame; Banco de la Republica Colombia
摘要：This paper investigates the effectiveness of sterilized foreign exchange interventions by exploiting a discontinuous policy rule used by the Central Bank of Colombia. We use a unique data set that comprises tick by tick intervention and order book data, daily capital in- and outflows, and balance sheet information of financial institutions. We apply regression discontinuity methods to identify the surprise component of rule-based interventions and use this variation to measure how they affect ...
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作者：Ottaviano, Gianmarco I. P.; Peri, Giovanni; Wright, Greg C.
作者单位：University of London; London School Economics & Political Science; Bocconi University; University of London; London School Economics & Political Science; Centre for Economic Policy Research - UK; University of California System; University of California Davis; National Bureau of Economic Research; University of California System; University of California Merced
摘要：This paper explores the impact of immigrants on the imports, exports and productivity of service-producing firms in the U.K. Immigrants may substitute for imported intermediate inputs (offshore production) and they may impact the productivity of the firm as well as its export costs. The first effect can be understood as the re-assignment of offshore tasks to immigrant workers. The second can be seen as a cost cutting effect due to immigration, and the third as a trade-cost reducing effect. To ...
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作者：Calderon, Cesar; Kubota, Megumi
作者单位：The World Bank; Organisation for Economic Co-operation & Development (OECD)
摘要：Our study investigates the factors driving RER volatility and the properties of both trade and financial openness to stabilize RERs. Therefore, this paper guides us to formulate better economic policies to lower RER variability. Our goal is to test whether the extent and composition of international trade and financial integration would smooth the impact of shocks to the RER for 82 countries from 1974 to 2013. Our findings support existing theoretical models (Obstfeld and Rogoff, 1995; Hau, 20...
