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Dramatic changes are occurring in the nature of international trade. Production processes increasingly involve a … market countries we estimate that vertical specialization accounts for up to 30 percent of world exports, and has grown as … with the fact that trade barriers (tariffs and transportation costs) are incurred repeatedly as goods-in-process cross …
Persistent link: https://www.econbiz.de/10005526268
We extend a standard New Keynesian model both to incorporate heterogeneity in spending opportunities along with two sources of (potentially time-varying) credit spreads and to allow a role for the central bank's balance sheet in determining equilibrium. We use the model to investigate the...
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This study uses a unique firm-level dataset to examine how falling trade costs from 1993-2001 affected entry, exit …-firm models of international trade. For example, falling trade costs reduced entry by new Korean firms, increased their …
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-through. Second, we test and quantify the theoretical mechanisms using Belgian firm-product-level data with information on exports by … destination and imports by source country. We confirm that import intensity and market share are the prime determinants of pass …
Persistent link: https://www.econbiz.de/10010599270
Abstract: We assess whether and how violence and political instability affect trade between developed and developing … countries considering the special case of EU imports of Kenyan roses after the 2007/08 post-election violence and political … highlight the importance of non-tariff barriers to trade and contribute to the growing literature on the role of insecurity and …
Persistent link: https://www.econbiz.de/10009368869