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Optimal trade policy with monopolistic competition and heterogeneous firms

Haaland, Jan I.; Venables, Anthony J - C.E.P.R. Discussion Papers - 2014

(MC) sector in which firms may have heterogeneous productivity levels. Domestic protection brings gains from expanding the …

Persistent link: https://www.econbiz.de/10011083718

Service Offshoring, Productivity and Employment: Evidence from the US

Amiti, Mary; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2006

paper estimates the effects of offshoring on productivity in US manufacturing industries between 1992 and 2000, using …. Offshoring material inputs also has a positive effect on productivity, but the magnitude is smaller accounting for approximately … instrumental variables estimation to address the potential endogeneity of offshoring. It finds that service offshoring has a …

Persistent link: https://www.econbiz.de/10005124479

Lobbying competition over trade policy

Gawande, Kishore; Krishna, Pravin; Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 2009

Competition between opposing lobbies is an important factor in the endogenous determination of trade policy. This paper investigates empirically the consequences of lobbying competition between upstream and downstream producers for trade policy. The theoretical structure underlying the empirical...

Persistent link: https://www.econbiz.de/10004991547

Mapping prices into productivity in multisector growth models

Ngai, Liwa Rachel; Samaniego, Roberto - C.E.P.R. Discussion Papers - 2009

composition of intermediate goods, and the distinction between the productivity indices for value added and for gross output. We …

Persistent link: https://www.econbiz.de/10005025514

The Exchange Rate and Inflation in the UK

Kara, Amit; Nelson, Edward - C.E.P.R. Discussion Papers - 2003

The United Kingdom is a highly open economy, and has a monetary policy strategy of targeting inflation in consumer prices. In this Paper, we look at the evidence from the UK on inflation behaviour, and examine the propositions from several theoretical models about inflation dynamics in an open...

Persistent link: https://www.econbiz.de/10005662158

Is the Washington Consensus Dead? Growth, Openness, and the Great Liberalization, 1970s-2000s

Estevadeordal, Antoni; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2008

consistent with theory (about 1 percentage point per annum). Endogeneity problems are considered and other observations are …

Persistent link: https://www.econbiz.de/10005666812

Bilateral Oligopoly

Björnerstedt, Jonas; Stennek, Johan - C.E.P.R. Discussion Papers - 2001

In many intermediate goods markets buyers and sellers both have market power. Contracts are usually long-term and negotiated bilaterally, codifying many elements in addition to price. We model such bilateral oligopolies as a set of simultaneous Rubinstein-Ståhl bargainings between pairs of...

Persistent link: https://www.econbiz.de/10005789066

Monopolistic Competition, Trade, and Endogenous Spatial Fluctuations

Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 1996

This paper investigates the possibility of endogenous fluctuations in the international distribution of economic activities in the presence of increasing returns, monopolistic competition, trade and convex adjustment costs without allowing for any local productive externalities. Using a...

Persistent link: https://www.econbiz.de/10005504285

Back to Keynes?

van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2005

After a brief review of classical, Keynesian, New Classical and New Keynesian theories of macroeconomic policy, we assess whether New Keynesian Economics captures the quintessential features stressed by JM Keynes. Particular attention is paid to Keynesian features omitted in New Keynesian...

Persistent link: https://www.econbiz.de/10005504355

Firms Agglomeration and Unions

Picard, Pierre M; Toulemonde, Eric - C.E.P.R. Discussion Papers - 2002

This Paper develops a model in which the interaction between product market imperfections, transportation costs, unions and workers immobility across regions creates a tendency for agglomeration of firms when transportation costs are low. The model fits quite well the European experience. It is...

Persistent link: https://www.econbiz.de/10005504420