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Institutions, trade and development : a quantitative analysis

Beverelli, Cosimo; Keck, Alexander; Larch, Mario; … - 2018

We propose and apply methods to quantify the impact of national institutions on international trade and development. We are able to identify the direct impact of country-specific institutions on international trade within the structural gravity framework. Our approach naturally addresses the...

Persistent link: https://www.econbiz.de/10011800710

Unpacking global shocks

Graziano, Alejandro G.; Tian, Yuan - 2024

Economy-wide shocks affect demand, supply, and intermediary sectors simultaneously. We dissect the impact of the Covid-19 pandemic on international trade by combining information from customs records, smartphone-based human mobility, and container ship port calls. We find that local disruptions...

Persistent link: https://www.econbiz.de/10015057719

The pro-competitive consequences of trade in frictional labor markets

Firooz, Hamid - 2023

What are the pro-competitive consequences of trade in frictional labor markets? This paper develops and estimates a dynamic general equilibrium trade model to show that the interplay between endogenously variable markups in product markets and frictions in labor markets has important...

Persistent link: https://www.econbiz.de/10014364693

Firm dynamics and residual inequality in open economies

Felbermayr, Gabriel; Giammario, Impullitti; Prat, Julien - 2014

Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....

Persistent link: https://www.econbiz.de/10010250120

Industry-level labour demand elasticities across the Eurozone : will there be any gain after the pain of internal devaluation?

Adam, Antonis; Moutos, Thomas - 2014

In this paper we estimate disaggregated labour demand equations using panel data involving observations across time … data across countries, we provide industry-by-industry estimates of the labour demand function. The values of our estimated … (own-price) elasticities of labour demand are substantial, and in accordance with the findings of the empirical literature …

Persistent link: https://www.econbiz.de/10010370168

Financial development and inequality in the global economy

Ehrlich, Maximilian von; Seidel, Tobias - 2016

We build a heterogeneous-firms model with firm-specific wages and credit frictions to study the role of financial development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage inequality and unemployment. In contrast, if there are...

Persistent link: https://www.econbiz.de/10011434439

The march of the techies : technology, trade, and job polarization in France, 1994-2007

Harrigan, James; Reshef, Ariell; Toubal, Farid - 2016

Using administrative employee-firm-level data on the entire private sector from 1994 to 2007, we show that the labor market in France has polarized: employment shares of high and low wage occupations have grown, while middle wage occupations have shrunk. During the same period, the share of...

Persistent link: https://www.econbiz.de/10011485237

Betting on exports : trade and endogenous heterogeneity

Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino … - 2015 - This draft: October 2015

We study the equilibrium determinants of firm-level heterogeneity in a model in which firms can affect the variance of their productivity draws at the entry stage and explore the implications in closed and open economy. By allowing firms to choose the size of their investment in innovation...

Persistent link: https://www.econbiz.de/10011384472

Per capita income and the demand for skills

Caron, Justin; Fally, Thibault; Markusen, James R. - 2017

Almost all of the literature about the growth of income inequality and the relationship between skilled and unskilled wages approaches the issue from the production side of general equilibrium (skill-biased technical change, international trade). Here, we add a role for income-dependent demand...

Persistent link: https://www.econbiz.de/10011663526

On the effects of GATT/WTO membership on trade : they are positive and large after all

Larch, Mario; Monteiro, José-Antonio; Piermartini, Roberta - 2019

whether and how much does GATT/WTO membership affect international trade. We are the first to capture the non …-discriminatory nature of GATT/WTO commitments by measuring the effects of GATT/WTO membership on international trade relative to domestic … sales. These unilateral effects of GATT/WTO membership are found to be large, positive, and statistically significant. We …

Persistent link: https://www.econbiz.de/10012030680