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. Accounting for new imported varieties lowers the import price index for intermediate goods on average by an additional 4 …
Persistent link: https://www.econbiz.de/10012766010
OECD growth rate of 2% we find that trade integration with low-wage countries in the decade around China's WTO accession ….7%. China accounts for about half of these growth increases …
Persistent link: https://www.econbiz.de/10013057413
, distortions in the supply of non-traded inputs, and perverse incentives for informality creates a drag on productivity growth … that China sells, rather than goods that China buys. I assess evidence from recent literature on these arguments and …
Persistent link: https://www.econbiz.de/10013137012
that this dominance is inconsistent with use of a productivity-based allocation of quota licenses by the Chinese government …. Our counterfactual implies that elimination of misallocated quotas raised the overall productivity gain of quota removal …
Persistent link: https://www.econbiz.de/10013119342
We note the absence of prior literature on analytical structures to be used for China and other economies with … empirical literature discussing the productivity effects of Chinese SOE enterprise reform, and wider policy discussion of the …
Persistent link: https://www.econbiz.de/10012778093
other hand, corruption can be welfare improving if queuing costs are replaced by resource transferring bribes. We also show …
Persistent link: https://www.econbiz.de/10013225381
an inverted U-shaped function of firm productivity. It increases with import competition and is lower than the social …In a stylized model, firms differentiate their products to escape import com- petition. Facing a nested CES demand … benefit. Differentiation increases the gains from trade. In establishment data from China spanning its 2001 WTO accession …
Persistent link: https://www.econbiz.de/10012918372
declines the most experience more severe employment losses along with larger increases in the value of imports from China and … the number of firms engaged in China-U.S. trade. These results are robust to other potential explanations of the …
Persistent link: https://www.econbiz.de/10013096017
How do labor markets adjust to trade liberalization? Leading models of intraindustry trade (Krugman (1981), Melitz (2003)) assume homogeneous workers and full employment, and thus predict that all workers win from trade liberalization, a conclusion at odds with the public debate. Our paper...
Persistent link: https://www.econbiz.de/10012760076
We develop a monopolistically competitive model of trade with firm heterogeneity - in terms of productivity differences … productivity of competing firms. We analyze how these features vary across markets of different size that are not perfectly … in that market. Aggregate productivity and average markups thus respond to both the size of a market and the extent of …
Persistent link: https://www.econbiz.de/10012762448