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Dramatic changes are occurring in the nature of international trade. Production processes increasingly involve a … market countries we estimate that vertical specialization accounts for up to 30 percent of world exports, and has grown as … with the fact that trade barriers (tariffs and transportation costs) are incurred repeatedly as goods-in-process cross …
Persistent link: https://www.econbiz.de/10005526268
We extend a standard New Keynesian model both to incorporate heterogeneity in spending opportunities along with two sources of (potentially time-varying) credit spreads and to allow a role for the central bank's balance sheet in determining equilibrium. We use the model to investigate the...
Persistent link: https://www.econbiz.de/10008636146
Persistent link: https://www.econbiz.de/10005387327
This study uses a unique firm-level dataset to examine how falling trade costs from 1993-2001 affected entry, exit …-firm models of international trade. For example, falling trade costs reduced entry by new Korean firms, increased their …
Persistent link: https://www.econbiz.de/10005012610
Persistent link: https://www.econbiz.de/10005387343
-through. Second, we test and quantify the theoretical mechanisms using Belgian firm-product-level data with information on exports by … destination and imports by source country. We confirm that import intensity and market share are the prime determinants of pass …
Persistent link: https://www.econbiz.de/10010599270
Abstract: We assess whether and how violence and political instability affect trade between developed and developing … countries considering the special case of EU imports of Kenyan roses after the 2007/08 post-election violence and political … highlight the importance of non-tariff barriers to trade and contribute to the growing literature on the role of insecurity and …
Persistent link: https://www.econbiz.de/10009368869
. Aggregate data on prices and quantities of imports, outputs, and factor supplies are constructed from disaggregate sources. The … final goods prices. In contrast, imports have played a negligible direct role. …
Persistent link: https://www.econbiz.de/10005526274
In the evolving analysis of global imbalances, the possibility that countries will resort to increased protectionism is often mentioned but rarely analyzed. This paper attempts to fill that gap, examining the macroeconomic implications of a shift to protectionist policies through the lens of a...
Persistent link: https://www.econbiz.de/10005420533
With "home bias," a consumer differentiates between domestic goods and imports and tends to purchase the domestic … variety. A vast number of empirical studies in the international trade literature report the apparent prevalence of a large … degree of home bias (the case of the "missing trade," the "border puzzle"). Many theoretical studies, in turn, assume its …
Persistent link: https://www.econbiz.de/10005420538