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International trade in apparel and textiles is regulated by a system of bilateral tariffs and quotas known as the Multifiber Arrangement or MFA. Using a time series of detailed product-level data from the United States on the quotas and tariffs that comprise the MFA, we analyze how the MFA...
Persistent link: https://www.econbiz.de/10005089098
Transport time increases with distance traveled, and time is valuable. We show the implications of these facts for global specialization and trade: products where timely delivery is important will be produced near the source of final demand, where wages will be higher as a result. In the model,...
Persistent link: https://www.econbiz.de/10005573707
This study uses both a net factor content analysis and a small simulation model to explore the impact on the U.S. labor market of a fivefold increase in imports of manufactured goods from developing countries. The simulation, which is parameterized by the US economy in 1990, involves a balanced...
Persistent link: https://www.econbiz.de/10005774912
Time is money, and distance matters. We model the interaction of these truisms, and show the implications for global specialization and trade: products where timely delivery is important will be produced near the source of final demand, where wages will be higher as a result. In the model,...
Persistent link: https://www.econbiz.de/10005714865
Our paper advances the previous literature on the relationship between electoral systems and trade protection in several ways. First, our paper is the first to incorporate disaggregated, productlevel data in a crosscountry study. We find that prior crosscountry results, based on national average...
Persistent link: https://www.econbiz.de/10010660063
To address the economic significance of national border effects, this paper provides evidence on two fundamental questions: (1) Do large border effects arise because of high perceived-price wedges between foreign and domestic products, or because imports and domestic goods are very close...
Persistent link: https://www.econbiz.de/10005571144
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