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Author : Joseph E. Gagnon
Publisher :
ISBN 13 :
Total Pages : 290 pages
Book Rating : 4.F/5 ( download)
Download or read book Adjustment Costs and International Trade Dynamics written by Joseph E. Gagnon and published by . This book was released on 1988 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Joseph Elbridge Gagnon
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (138 download)
Download or read book Adjustments costs and international trade dynamics written by Joseph Elbridge Gagnon and published by . This book was released on 1987 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David A. Riker
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Adjustment Costs, Trade Policy, and Labor Market Dynamics written by David A. Riker and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a model of the path of wages and employment in an industry before and after a significant reduction in tariffs on industry imports. The model includes forwardlooking workers who face significant adjustment costs of moving to another industry. We apply the model to recent data for the U.S. furniture industry in a series of simulations of hypothetical tariff reductions. The model suggests that immediately and unexpectedly eliminating the 6.6% average tariff rate on U.S. furniture imports would reduce domestic employment in the industry by 3.0% in the first two years and by a cumulative 6.3% after five years. Wages would immediately decline by 4.5% and then recover gradually over several years. In contrast, staging the tariff reduction would result in less costly labor adjustment, and wage premia in anticipation of the tariff reduction would partly compensate the workers for upcoming wage losses and adjustment costs. We extend the model to incorporate uncertainty about total expenditure on the domestic and imported products.
Author : Sait Akman
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (118 download)
Download or read book Mitigating the Adjustment Costs of International Trade written by Sait Akman and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kenneth Allan Kasa
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)
Download or read book Interpreting the Dynamics in U.S. International Trade written by Kenneth Allan Kasa and published by . This book was released on 1994 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David G Tarr
Publisher : World Scientific Publishing Company
ISBN 13 : 9813108444
Total Pages : 695 pages
Book Rating : 4.8/5 (131 download)
Download or read book Trade Policies for Development and Transition written by David G Tarr and published by World Scientific Publishing Company. This book was released on 2016-12-29 with total page 695 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author has virtually incomparable experience in both providing trade policy advice to more than 25 countries on behalf of the World Bank and also publishing quality journal articles in most of those cases. In this volume, he focuses on his work on: (i) trade policies for countries making the transition from planned to market economies; (ii) his trade policy guideline papers for the World Bank on trade policies for poverty alleviation, uniform tariff policy, adjustment costs of trade liberalization, exchange rate overvaluation, globalization and technology transfer and rules of thumb on regional trade policies; (iii) multilateral, dynamic and environmental issues in trade policy using computable general equilibrium models; (iv) trade policy of the United States in the auto and steel industries; and (v) mathematical methods for modeling. The papers show an unusual combination of policy relevance, advice and impact, with rigor and international trade theory insights. The papers in this volume have appeared in many of the economics profession's more prestigious journals, including Econometrica, Review of Economic Studies, Quarterly Journal of Economics, Economic Journal, the Journal of International Economics, International Economic Review, European Economic Review, Canadian Journal of Economics, Economic Inquiry, the Journal of Comparative Economic, Review of International Economics, World Economy, the Southern Economic Journal, the World Bank Economic Review, the Japanese Economic Review and the Latin American Journal of Economics. In this book, the author elaborates on the articles by discussing some of the policy contexts for the requests for the work from developing and transition countries to the World Bank, the key trade theory or policy insights, policy recommendations and conclusions and the policy impacts.
Author : Claire H. Hollweg
Publisher : World Bank Publications
ISBN 13 : 1464802645
Total Pages : 123 pages
Book Rating : 4.4/5 (648 download)
Download or read book Sticky Feet written by Claire H. Hollweg and published by World Bank Publications. This book was released on 2014-06-26 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis in this report confirms the findings of previous studies that trade liberalization improves aggregate welfare and is in the long run associated with higher employment and wages. The analysis addresses a major gap in the literature, which has heretofore provided limited evidence about the trade-related adjustment costs faced by workers in developing countries and how they are affected by mobility costs. Labor market frictions reduce the potential gains from trade reform. For a tariff reduction in a given sector, the resulting change in relative prices raises real wages in some sectors and reduces them in the liberalized sector. The emerging wage gaps lead to labor reallocation. But workers typically incur costs to change jobs; the higher the mobility costs, the slower the transition to the new labor market steady state. Workers’ sticky feet result in foregone welfare gains from trade. This report presents an estimation strategy for capturing mobility costs when only net flows of workers between industries are observed, generating cross-country estimates for 47 developed and developing countries. The basic analytical approach is then refined to take advantage of micro-level data on worker transitions and wages when gross flows can be observed to derive mobility cost estimates that account for sector and formality status. These cost estimates are used to model the dynamic paths of labor reallocation between sectors and in and out of the labor force, the associated wage paths, and the resulting labor adjustment costs. The main findings of the report are that: labor mobility costs in developing countries are high; foregone trade gains due to frictions in labor mobility can also be substantial; workers bear the brunt of adjustment costs; mobility costs and labor market adjustments to trade-related shocks vary by industry, firm type, and worker type; entry costs are significantly higher for formal than for informal employment; trade reforms increase economy-wide wages and employment; and workers displaced by plant closings are likely to face relatively long adjustment periods. The findings provide insights that could be helpful to policymakers hoping to mitigate negative short-term consequences of trade liberalization and facilitate labor adjustment.
Author : Nagwa Riad
Publisher : International Monetary Fund
ISBN 13 : 1463973101
Total Pages : 87 pages
Book Rating : 4.4/5 (639 download)
Download or read book Changing Patterns of Global Trade written by Nagwa Riad and published by International Monetary Fund. This book was released on 2012-01-15 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.
Author : Bjarne Sloth Jensen
Publisher : University of Michigan Press
ISBN 13 : 0472026410
Total Pages : 385 pages
Book Rating : 4.4/5 (72 download)
Download or read book Dynamics, Economic Growth, and International Trade written by Bjarne Sloth Jensen and published by University of Michigan Press. This book was released on 2010-03-11 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: While endogenous growth theory has claimed success in modeling various factors of growth and providing an analysis of sustainable economic growth, most of the growth models in published work are for closed economies. The omission of international trade, which is often regarded as the engine of growth, greatly reduces their usefulness. The theory of international trade, on the other hand, is characterized by models that are mainly static. While interest in the dynamics of trade has been growing, there is still little work in this area. The success of the newly industrialized economies that have adopted trade-oriented policies suggests how limited present trade theory is in explaining and analyzing the growth of these economies. The work collected here serves to bridge the "old" growth theory and "new" growth theory; merge growth and trade theory; suggest new analysis and techniques of economic growth; and provide analysis of new issues related to growth and trade. The first chapter surveys endogenous growth and international trade and critically reviews the endogenous growth theory with a unified framework, covering the work on both closed and open economies. Three chapters examine the dynamics of some basic trade models; two chapters focus on growth and trade with endogenous accumulation of human and public capital; two chapters on economic growth, technological progress, and international trade; and two chapters on growth and international factor movements. Contributors include Eric W. Bond, Theo S. Eicher, Rolf Färe, Oded Galor, Shawna Grosskopf, Bjarne S. Jensen, Pantelis Kalaitzidakis, Shoukang Lin, Ngo Van Long, Kazuo Nishimura, Koji Shimomura, Kathleen Trask, Stephen J. Turnovsky, Pham Hoang Van, Henry Wan, Jr., Chunyan Wang, and Kar-yiu Wong. Bjarne S. Jensen is Associate Professor of Economics, Copenhagen Business School. Kar-yiu Wong is Professor of Economics, University of Washington, Seattle.
Author : Abeer Mohamed Elshennawy
Publisher :
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.:/5 (319 download)
Download or read book The Transitional Costs to Trade Liberalization written by Abeer Mohamed Elshennawy and published by . This book was released on 1998 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : S. Laird
Publisher : Springer
ISBN 13 : 0230377807
Total Pages : 252 pages
Book Rating : 4.2/5 (33 download)
Download or read book Coping with Trade Reforms written by S. Laird and published by Springer. This book was released on 2006-08-04 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gauges possible development implications of current WTO trade negotiations by examining various proposals and assessing their likely economic impact. The experiences of a number of countries at different levels of development and across various regions are examined to ascertain the impact of their trade reforms.
Author : Ronald I. McKinnon
Publisher : New York : Oxford University Press
ISBN 13 : 0195024095
Total Pages : 307 pages
Book Rating : 4.1/5 (95 download)
Download or read book Money in International Exchange written by Ronald I. McKinnon and published by New York : Oxford University Press. This book was released on 1979 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do nations trade when no purely international money exists? This book describes how the use of national currencies, only some of which have the important international property of being convertible, allows most of world trade to be effectively monetized rather than bartered. Professor McKinnon's analysis represents the first attempt to focus on the microeconomic and monetary aspects of international exchange, and addresses unresolved problems in securing mutual monetary adjustment among the world's great trading economies.
Author : Klaus Schmidt-Hebbel
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4./5 ( download)
Download or read book Dynamic Response to Foreign Transfers and Terms-of-trade Shocks in Open Economies written by Klaus Schmidt-Hebbel and published by World Bank Publications. This book was released on 1992 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both permanent and transitory disturbances can change long- run capacity and output -- although they may have opposite effects on the current account. Liquidity constraints and wage rigidities tend to amplify the cyclical adjustment to external shocks.
Author : Jean-OIiver Hairault
Publisher : Routledge
ISBN 13 : 1134426127
Total Pages : 446 pages
Book Rating : 4.1/5 (344 download)
Download or read book Exchange Rate Dynamics written by Jean-OIiver Hairault and published by Routledge. This book was released on 2003-12-18 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important new book builds upon the seminal work by Obsfeld and Rogoff, Foundations of International Macroeconomics and aims at providing a coherent and modern framework for thinking about exchange rate dynamics. With a wide range of contributions, this book is likely to be welcomed by the macroeconomics and financial community.
Author : Griffin Hayward
Publisher : Nova Science Publishers
ISBN 13 : 9781629482484
Total Pages : 0 pages
Book Rating : 4.4/5 (824 download)
Download or read book Trade Adjustment Assistance for Firms written by Griffin Hayward and published by Nova Science Publishers. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade liberalisation can enhance the economic welfare of all trade partners, but in adjusting to greater competition, many import- competing firms and workers face difficult problems. Since 1962, Congress has responded to these adjustment costs by authorising trade adjustment assistance (TAA) programs for workers, firms, and farmers, and continues to monitor their performance and amend the governing legislation. This book discusses the Trade Adjustment Assistance for Firms (TAAF) program, which provides technical assistance to trade- affected firms to help them develop strategies to remain competitive in a dynamic international economy. Legislation has been introduced in the 113th Congress that would reauthorise TAA programs, which are set to expire on December 31, 2013. President Obama also has supported TAA reauthorisation, linking it to renewal of Trade Promotion Authority (TPA).
Author : Jun Li
Publisher :
ISBN 13 :
Total Pages : 186 pages
Book Rating : 4.:/5 (271 download)
Download or read book Two Essays on Adjustment Costs in International Trade Models written by Jun Li and published by . This book was released on 1992 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Vivek H. Dehejia
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)
Download or read book Adjustment in Trade Models written by Vivek H. Dehejia and published by . This book was released on 1995 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
