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Comparative Advantage and Skill-specific Unemployment

Larch, Mario; Lechthaler, Wolfgang - Institut für Weltwirtschaft (IfW) - 2009

We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two sectors and heterogeneous firms. This allows us to study the distributional consequences and the skill-specific unemployment effects of trade liberalization. We show that the...

Persistent link: https://www.econbiz.de/10005034306

Trade protection during the crisis: Does it deter foreign direct investment?

Görg, Holger; Labonte, Philipp - Institut für Weltwirtschaft (IfW) - 2011

specifications suggest that, depending on the empirical model, the implementation of a trade protection measure is associated with … about 40 to 80 percent lower FDI inflows. Trade protection does not appear to have any implications for the country’s FDI … actions related to intellectual property rights protection and other more trade related measures …

Persistent link: https://www.econbiz.de/10008869181

EU Integration and its Implications for Asian Economies – What we Know and What Not

Langhammer, Rolf J.; Schweickert, Rainer - Institut für Weltwirtschaft (IfW) - 2006

protection on Asian competitors, the desire of Asian countries to negotiate free trade agreements (FTA) with the US and Japan …

Persistent link: https://www.econbiz.de/10005755194

Whom to Send to Doha? The Shortsighted Ones!

Mario Larch ; Lechthaler, Wolfgang - Institut für Weltwirtschaft (IfW) - 2011

Why are empirically observed tariffs so much lower than theoretically calculated Nash-equilibrium tariffs? We argue that this gap can be narrowed by using a dynamic model instead of a static model. This approach has two advantages. (i) It allows us to take account of the transitional process...

Persistent link: https://www.econbiz.de/10009002556

Potential trade distortion effects of state trading enterprises under the tariff-rate quota scheme

Yoon, Jung-Hyun; Lim, Song Soo - Institut für Weltwirtschaft (IfW) - 2013

The paper analyzes the potential trade distortion effects of state trading enterprises (STEs) on soybean imports to Korea. Traditionally, STEs have exercised exclusive rights to import the so-called strategic products, to ensure food security, domestic price stabilization, and import mark-ups....

Persistent link: https://www.econbiz.de/10010956069

Trade, Education, and The Shrinking Middle Class

Blanchard, Emily; Willmann, Gerald - Institut für Weltwirtschaft (IfW) - 2013

We develop a new model of trade in which educational institutions drive comparative advantage and determine the distribution of human capital within and across countries. Our framework exploits a multiplicity of sectors and the continuous support of human capital choices to demonstrate that...

Persistent link: https://www.econbiz.de/10010886979

Trade Liberalization and Wage Inequality: New Insights from a Dynamic Trade Model with Heterogeneous Firms and Comparative Advantage

Lechthaler, Wolfgang; Mileva, Mariya - Institut für Weltwirtschaft (IfW) - 2013

We develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to study wage inequality during the adjustment after trade liberalization. We find that trade liberalization increases wage inequality both in the...

Persistent link: https://www.econbiz.de/10010887016

Trade, technical change, and labour market adjustment

Heitger, Bernhard; Stehn, Jürgen - Institut für Weltwirtschaft (IfW) - 2003

The paper empirically examines three possible reasons for the high and rising unemployment of low-skilled employees in Germany: (i) an upsurge in interindustry trade, (ii) a skill-biased technical change, and (iii) a failure of labour market adjustment. The empirical analyses indicate that an...

Persistent link: https://www.econbiz.de/10010982759

Smoothing the adjustment to trade liberalization

Lechthaler, Wolfgang; Mileva, Mariya - Institut für Weltwirtschaft (IfW) - 2014

We use a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to analyze economic policy meant to compensate the losers of trade liberalization and reduce the ensuing wage inequality. We consider several...

Persistent link: https://www.econbiz.de/10011277152

Notes on Factor Price Equality and Biased Technical Change in a Two-Cone Trade Model

Becker, Daniel; Gundlach, Erich - Institut für Weltwirtschaft (IfW) - 2006

We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for endogenous commodity prices, we find that economic...

Persistent link: https://www.econbiz.de/10005755277