Trade, Domestic Frictions, and Scale Effects. Mimeo, revised version of NBER Working Paper 18532.RAMONDO, N., RODRIGUEZ-CLARE, A. and SABORIO-RODRIGUEZ M. (2016), "Trade, Domestic Frictions, and Scale Effects", American Economic Review, 106, 3159-3184....
Trade, Domestic Frictions, and Scale Effects 来自 EconPapers 喜欢 0 阅读量: 346 作者: Ramondo, Natalia,Rodríguez-Clare, Andrés,Saborío-Rodríguez, Milagro 摘要: Because of scale effects, idea-based growth models have the counterfactual implication that larger countries should be much richer than ...
structural reforms on the supply side have advanced further, and domestic demand has expanded steadily, laying a solid material foundation for responding to trade frictions between China and the United States. The US$50 billion involved in the US “301 survey” ...
However, trade frictions are multiplying. High profile examples include the threats exchanged between the US and EU over car tariffs and taxes on technology companies. The very latest example concerns US sanctions to keep EU champions out of the Chinese chip market while giving exemptions to US ...
(2019) who have disentangled the effect of institutions on trade into the intensive and extensive margins. Their focus, however, is on the institutional quality of importers and regime types while our focus is on the effects of exporters’ domestic (contracting) institutions. Evaluating the causal...
Financial frictions, capital misallocation, and total factor productivity: evidence from China From the perspective of credit constraints and heterogeneous financing costs, this paper aims to enrich our understanding on how financial frictions affect capital misallocation and total factor productivity (TFP)....
While gravity estimates can uncover the lower-level elasticity, σ, equation (47) shows that the upper-level elasticity, γ, i.e., the elasticity of substitution between domestic and foreign goods, is the relevant elasticity for welfare analysis.36 In standard gravity models, it is only the ...
The United States has more distant trade partners and lower trade intensity The trade intensity of the United States is lower than that of many other large economies for a range of reasons, including the size and endowments of its domestic economy, which enables it to source many products at ...
Home sees a rise in the share of capital-intensive goods in total domestic production and hence a rise in its investment share of output. Note that in a setting where sectors are distinguished by their factor intensity, investment demand depends not only on the scale of the economy,6but also...
2023, Forest Policy and Economics Citation Excerpt : Despite the logging ban's remarkable achievements in forest conservation, China should coordinate the use of its domestic and overseas forest resources to avoid the unfavorable effects of policy intervention (Lo and Zhu, 2022; Wang et al., 2020...