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Regional Wage and Employment Responses to Market Potential in the EU

Head, Keith; Mayer, Thierry - C.E.P.R. Discussion Papers - 2005

Recent theoretical work on economic geography emphasizes the interplay of transport costs and plant-level increasing returns. In these models, the spatial distribution of demand is a key determinant of economic outcomes. In one strand, it is argued that higher demand gives rise to a more than...

Persistent link: https://www.econbiz.de/10005504642

Trade Preferences and Bilateral Trade in Goods and Services: A Structural Approach

Egger, Peter; Larch, Mario; Staub, Kevin E - C.E.P.R. Discussion Papers - 2012

The large reduction in tariff rates worldwide under several rounds of the GATT is commonly credited with being one of the most notable economic policy accomplishments since World War II. However, the remarkable progress towards free trade of goods is unparalleled in trade with services where...

Persistent link: https://www.econbiz.de/10011083534

The Log of Gravity

Santos Silva, J.M.C; Tenreyro, Silvana - C.E.P.R. Discussion Papers - 2005

Although economists have long been aware of Jensen's inequality, many econometric applications have neglected an …

Persistent link: https://www.econbiz.de/10005136746

Structural Estimation of Gravity Models with Path-dependent Market Entry

Egger, Peter; Pfaffermayr, Michael - C.E.P.R. Discussion Papers - 2011

This paper develops a structural empirical general equilibrium model of aggregate bilateral trade with path dependence of country-pair level exporter status. Such path dependence is motivated through informational costs about serving a foreign market for first-time entry of (firms in) an export...

Persistent link: https://www.econbiz.de/10009144727

Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy

Cosar, Kerem; Guner, Nezih; Tybout, James R - C.E.P.R. Discussion Papers - 2013

This paper explores the combined effects of reductions in trade frictions, tariffs, and firing costs on firm dynamics, job turnover, and wage distributions. It uses establishment-level data from Colombia to estimate an open economy dynamic model that links trade to job flows in a new way. The...

Persistent link: https://www.econbiz.de/10011083293

Foreign Trade and Investment: Firm-Level Perspectives

Helpman, Elhanan - C.E.P.R. Discussion Papers - 2013

This Economica Coase Lecture reviews research that has revolutionized the field of international trade and foreign direct investment. It explains the motivation behind the development of new analytical frameworks, the nature of these frameworks, and the empirical studies that sprouted from them.

Persistent link: https://www.econbiz.de/10011083409

Trade and Labor Market Outcomes

Helpman, Elhanan; Itskhoki, Oleg; Redding, Stephen J. - C.E.P.R. Discussion Papers - 2011

This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral …

Persistent link: https://www.econbiz.de/10008854515

Labor Market Frictions as a Source of Comparative Advantage, with Implications for Unemployment and Inequality

Helpman, Elhanan - C.E.P.R. Discussion Papers - 2010

inequality. This paper reviews this approach and reports a number of results from recent studies. …

Persistent link: https://www.econbiz.de/10008468664

Business Cycle Fluctuations and the Distribution of Consumption

De Giorgi, Giacomo; Gambetti, Luca - C.E.P.R. Discussion Papers - 2014

reduce consumption inequality on impact. …

Persistent link: https://www.econbiz.de/10011145411

Heterogenous Life-Cycle Profiles, Income Risk and Consumption Inequality

Primiceri, Giorgio E; van Rens, Thijs - C.E.P.R. Discussion Papers - 2006

Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of …-cycle changes, transitory and permanent shocks and estimate the contribution of each to total inequality. Our model fits the joint … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

Persistent link: https://www.econbiz.de/10005661588