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the fact a substantial share of imports are subsequently incorporated into Chinese exports. We find that some of these … exchange rate - but the relationships are not always precisely or robustly estimated. Chinese exports are generally well … sensitive to the treatment of time trends. Estimates of aggregate imports are more problematic. In many cases, Chinese aggregate …
Persistent link: https://www.econbiz.de/10012460784
The Global Financial Crisis and the COVID-19 pandemic were two major shocks to the world economy in the 21st century. In this study, we analyze the patterns of recessions and recoveries of 101 advanced and developing economies. We identify the turning points of recessions and expansions between...
Persistent link: https://www.econbiz.de/10015409788
Has rising import competition contributed to the polarization of U.S. politics? Analyzing outcomes from the 2002 and 2010 congressional elections and the 2000, 2008, and 2016 presidential elections, we detect an ideological realignment that is centered in trade-exposed local labor markets and...
Persistent link: https://www.econbiz.de/10012456043
This paper examines the role of international trade for job polarization, the phenomenon in which employment for high- and low-wage occupations increases but mid-wage occupations decline. With employer-employee matched data on virtually all workers and firms in Denmark between 1999 and 2009, we...
Persistent link: https://www.econbiz.de/10012456360
effects of expanding exports to increase support for the incumbent's party, and job insecurity from import competition to … diminish such support. Our national-level models show for the first time that increasing imports are associated with decreasing … incumbent vote shares, and increasing exports correlate with increasing vote shares for incumbents. These effects are large and …
Persistent link: https://www.econbiz.de/10012456773
We develop a quantifiable multi-country sourcing model in which firms self-select into importing based on their productivity and country-specific variables. In contrast to canonical export models where firm profits are additively separable across destination markets, global sourcing decisions...
Persistent link: https://www.econbiz.de/10012457894
Urban economies are often heavily reliant on a small number of dominant industries, leaving them vulnerable to negative industry-specific shocks. This paper analyzes the long-run impacts of one such event: the large, temporary, and industry-specific shock to the British cotton textile industry...
Persistent link: https://www.econbiz.de/10012458197
Experts claim that some Indian drug manufacturers cut corners and make substandard drugs for markets with non-existent, under-developed or emerging regulatory oversight, notably Africa. This paper assesses the quality of 1470 antibiotic and tuberculosis drug samples that claim to be made in...
Persistent link: https://www.econbiz.de/10012458199
Persistent differences in interest rates across countries account for much of the profitability of currency carry trade strategies. "Commodity currencies'' tend to have high interest rates while low interest rate currencies belong to exporters of finished goods. This pattern arises in a...
Persistent link: https://www.econbiz.de/10012459290
We use data on Chinese manufacturing firms to study the connection between individual firm imports and firm export … as instruments. Our regression results show that firms that expanded their intermediate input imports expanded the volume … of their exports and increased their export scope, though the magnitude of the effects differed by import source, firm …
Persistent link: https://www.econbiz.de/10012460400