Showing 1 - 10 of 192
The authors analyze whether financial compensation is preferable to the current system of dispute settlement in the World Trade Organization that permits member countries to impose retaliatory tariffs in response to trade violations committed by other members. They show that monetary fines are...
Persistent link: https://www.econbiz.de/10012779256
which generates local spillovers. Tasks can be performed at home or abroad, but offshoring entails costs that vary by task …. In equilibrium, the tasks with the highest offshoring costs may not be traded. Among the remainder, those with the … relatively higher offshoring costs are performed in the country that has the higher wage and higher aggregate output. The paper …
Persistent link: https://www.econbiz.de/10012975733
We examine the interaction between goods trade and market power in domestic trade and distribution sectors. Theory suggests a set of linkages between service-sector competition and goods trade supported by econometrics involving imports of 22 OECD countries vis-agrave;-vis 69 exporters....
Persistent link: https://www.econbiz.de/10012747826
This paper revisits the ubiquitous bi-proportional gravity model and investigates the reasons why different theoretical frameworks may lead to the same empirical formula. The generic gravity equation possesses scale invariance symmetries that constrain possible theoretical explanations based on...
Persistent link: https://www.econbiz.de/10013087465
Using firm-level data on manufacturing sectors in Africa, this paper addresses how domestic supply constraints and other firm characteristics explain the geographical orientation of firms' exports and the overall market diversification of African manufacturing exports. The degree of market...
Persistent link: https://www.econbiz.de/10014219055
We determine how time delays affect international trade, using newly-collected World Bank data on the days it takes to move standard cargo from the factory gate to the ship in 126 countries. We estimate a modified gravity equation, controlling for endogeneity and remoteness. On average, each...
Persistent link: https://www.econbiz.de/10014059016
Recent research shows that employment in Mexico's offshoring maquiladora industries is twice as volatile as employment … emanating from the United States were amplified when transmitted into Mexico's offshoring labor market of Northern Mexico. First …
Persistent link: https://www.econbiz.de/10012974825
important, concurrent dimensions of financial globalization: diversification and offshoring. The diversification dimension … refers to the increase in foreign assets and liabilities in countries' portfolios. Offshoring is related to the reallocation … cross-border holdings. However, financial globalization via offshoring displays more mixed patterns, with variations across …
Persistent link: https://www.econbiz.de/10012975170
The authors link industry-level data on trade and offshoring with individual-level worker data from the Current …
Persistent link: https://www.econbiz.de/10012975851
This paper shows that the institutional environment and the ability to export on time are sources of comparative advantage as important as factors of production. In particular, the ability to export on time is crucial to explain comparative advantage in intermediate goods. These findings...
Persistent link: https://www.econbiz.de/10012976281