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Domestic Vs International Welfare Gains From Trade
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Book Synopsis Domestic Vs. International Welfare Gains from Trade by : Hakan Yilmazkuday
Download or read book Domestic Vs. International Welfare Gains from Trade written by Hakan Yilmazkuday and published by . This book was released on 2017 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using varieties of a rich model that considers sectoral heterogeneity and input-output linkages, this paper shows that the overall welfare gains of a region within a country can be decomposed into domestic versus international welfare gains from trade. Empirical results based on state-level data from the U.S. suggest that about 91 percent of the overall welfare gains of a state are due to domestic trade with other states, on average across alternative model specifications, with a range between 72 percent and 99 percent across states. When national-level data are used for the U.S., international welfare gains are shown to be almost identical to the those obtained by the aggregation of state-level results, suggesting that one can use the implications of a region-level analysis to have national-level results based on welfare gains from trade. We use this implication to propose an approximation to measure the domestic welfare gains from trade when domestic trade data are not available. Accordingly, using the implications of the model introduced, a Dispersion of Economic Activity Index (DEAI) is introduced that depends on internal distance and elasticity measures. It is empirically shown that DEAI can capture domestic welfare gains from trade within the U.S. when standard internal distance and elasticity measures in the literature are employed. Important policy suggestions follow.
Book Synopsis Gains from Domestic Versus International Trade by : Hakan Yilmazkuday
Download or read book Gains from Domestic Versus International Trade written by Hakan Yilmazkuday and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Welfare Economics of International Trade by : M. Kemp
Download or read book The Welfare Economics of International Trade written by M. Kemp and published by Taylor & Francis. This book was released on 2013-09-05 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a careful account of the leading propositions about the welfare gains associated with international trade and investment under differing institutional arrangements and policy choices.
Book Synopsis International Trade: Welfare and trade policy by : J. Peter Neary
Download or read book International Trade: Welfare and trade policy written by J. Peter Neary and published by . This book was released on 1995 with total page 658 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Leisure Gains from International Trade by : Agustin Velasquez
Download or read book The Leisure Gains from International Trade written by Agustin Velasquez and published by International Monetary Fund. This book was released on 2024-01-19 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: The average number of hours worked has been declining in many countries. This can be explained if workers have preferences with income effects outweighing substitution effects. Then, an optimal response to rising income is to reduce labor supply to enjoy more leisure. In this paper, I develop a novel structural link between trade and aggregate labor supply. Using a multi-country Ricardian trade model, I show that reducing trade barriers leads to fewer hours worked while being compatible with an increase in welfare. In addition, I derive an hours-to-trade elasticity and estimate it by exploiting exogenous income variation generated by aggregate trade. On average, I quantify that the rise in trade openness between 1950 and 2014 explains 7 percent of the total decline in hours per worker in high-income countries.
Book Synopsis Comparative Advantage, Growth, and the Gains from Trade and Globalization by : Robert M. Stern
Download or read book Comparative Advantage, Growth, and the Gains from Trade and Globalization written by Robert M. Stern and published by World Scientific. This book was released on 2011 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alan Deardorff was 65 years old on June 6, 2009. To celebrate this occasion, a Festschrift in his honor was held on October 2OCo3, 2009, in the Rackham Amphitheater at the University of Michigan in Ann Arbor. The Festschrift was entitled OC Comparative Advantage, Economic Growth, and the Gains from Trade and Globalization: A Festschrift in Honor of Alan V Deardorff.OCO It was co-organized by two of Professor Deardorff''s former students, Drusilla Brown of Tufts University and Robert Staiger of Stanford University, together with Robert Stern representing the University of Michigan. The first day of the Festschrift involved a series of panels in which invited participants reflected on Professor Deardorff''s contributions, including his writings on: comparative advantage; trade and growth; the gains from trade and globalization; and computational modeling and trade policy analysis. The panel participants prepared written comments, setting out their evaluation of Professor Deardorff''s contributions combined with their own thoughts on the current state of knowledge and analysis of the particular topic. At the end of the first day, Paul Krugman of Princeton University and The New York Times delivered a Citigroup Foundation Special Lecture entitled OC Reflections on Globalization: Yesteryear and Today.OCO All of these papers and Krugman''s lecture are contained in the volume."
Book Synopsis Welfare Gains from Trade by : Seyed Ali Madanizadeh
Download or read book Welfare Gains from Trade written by Seyed Ali Madanizadeh and published by . This book was released on 2017 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we propose a theoretical model of international trade that shows the welfare gains from trade are much higher than what Arkolakis et al 2014 find. We use the idea of weak linkages and the complementarity between the intermediate goods as in Jones 2011. The idea is simple. Production requires many different intermediate goods to get together and if the firm cannot purchase any of them from home nor from foreign, the production process fails. Same is true if any of these linkages are low productive and the firm cannot import it from a high productive sector from abroad. We propose a multi-industry multi-country trade model, and show that the complementarity of the intermediates goods results in much larger welfare gains than the current literature measures, using the same trade data. Also, similar to Ossa2015, we show that the variation of trade elasticities among industries greatly increases the welfare gains from trade; using Ossa's mechanism alongside the assumption of complementarity magnify the estimated welfare gains from trade.
Book Synopsis Trade Policy and Economic Welfare by : Warner Max Corden
Download or read book Trade Policy and Economic Welfare written by Warner Max Corden and published by Oxford : Clarendon Press. This book was released on 1974 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of this classic text on international economics has been substantially revised and updated to take account of the considerable activity in this field over the last two decades. Three new chapters discuss trade policy and the environment, strategic trade policy, and tradepolicy and the exchange rate. Corden also analyzes in detail the many arguments for protection.
Book Synopsis Exporting Through Intermediaries: Impact on Export Dynamics and Welfare by : Parisa Kamali
Download or read book Exporting Through Intermediaries: Impact on Export Dynamics and Welfare written by Parisa Kamali and published by International Monetary Fund. This book was released on 2019-12-27 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many countries, a sizable share of international trade is carried out by intermediaries. While large firms tend to export to foreign markets directly, smaller firms typically export via intermediaries (indirect exporting). I document a set of facts that characterize the dynamic nature of indirect exporting using firm-level data from Vietnam and develop a dynamic trade model with both direct and indirect exporting modes and customer accumulation. The model is calibrated to match the dynamic moments of the data. The calibration yields fixed costs of indirect exporting that are less than a third of those of direct exporting, the variable costs of indirect exporting are twice higher, and demand for the indirectly exported products grows more slowly. Decomposing the gains from indirect and direct exporting, I find that 18 percent of the gains from trade in Vietnam are generated by indirect exporters. Finally, I demonstrate that a dynamic model that excludes the indirect exporting channel will overstate the welfare gains associated with trade liberalization by a factor of two.
Book Synopsis Missing Gains from Trade? by : Marc J. Melitz
Download or read book Missing Gains from Trade? written by Marc J. Melitz and published by . This book was released on 2014 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: The theoretical result that there are welfare gains from trade is a central tenet of international economics. In a class of trade models that satisfy a "gravity equation," the welfare gains from trade can be computed using only the open economy domestic trade share and the elasticity of trade with respect to variable trade costs. The measured welfare gains from trade from this quantitative approach are typically relatively modest. In this paper, we suggest a channel for welfare gains that this quantitative approach typically abstracts from: trade-induced changes in domestic productivity. Using a model of sequential production, in which trade induces a reorganization of production that raises domestic productivity, we show that the welfare gains from trade can become arbitrarily large.
Author :Melvyn B. Krauss Publisher :New York : Published by New York University Press for the International Center for Economic Policy Studies ISBN 13 : Total Pages :152 pages Book Rating :4.F/5 ( download)
Book Synopsis The New Protectionism by : Melvyn B. Krauss
Download or read book The New Protectionism written by Melvyn B. Krauss and published by New York : Published by New York University Press for the International Center for Economic Policy Studies. This book was released on 1978 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Trade Policy with Imperfect Competition by : Richard W. T. Pomfret
Download or read book International Trade Policy with Imperfect Competition written by Richard W. T. Pomfret and published by . This book was released on 1992 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Daily Welfare Gains from Trade by : Hasan Toprak
Download or read book Daily Welfare Gains from Trade written by Hasan Toprak and published by . This book was released on 2017 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using daily price and quantity data on imported and domestic agricultural products, this paper estimates the elasticity of substitution between home and foreign goods (i.e., the Armington elasticity), the elasticity of substitution across goods, and the elasticity of substitution across varieties of goods using estimation methodologies that are robust to any simultaneity bias. The corresponding daily welfare gains from trade are first shown to depend on the home consumption share, as well as the Armington elasticity, and then decomposed (over time) into the effects due to the nominal exchange rate, consumer price index, time-varying preferences toward foreign goods and foreign source prices. The results show that demand shocks (captured by preferences) and macroeconomic shocks (captured by inflation) contribute most to the daily welfare gains, while the effects of exchange rates are almost none.
Download or read book Sticky Feet written by Claire H. Hollweg and published by World Bank Publications. This book was released on 2014-07-03 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report quantifies labor mobility costs in developing countries and simulates the implied adjustment paths of employment and wages following a change in trade policy. High mobility costs are shown to reduce the potential gains to trade reform.
Book Synopsis Trade Liberalization and Productivity Dynamics by : Alla Lileeva
Download or read book Trade Liberalization and Productivity Dynamics written by Alla Lileeva and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates the productivity effects of the Canada-U.S. Free Trade Agreement on Canadian manufacturing. It finds that Canadian tariff cuts increased exit rates among moderately productive non-exporting plants. This led to the reallocation of market share towards highly productive plants, which explains the aggregate productivity gains observed when Canadian tariffs were reduced. The U.S. tariff cuts led to the within-plant productivity gains in exporters and, especially, new entrants into the export market. Any lack of output responses and labor-shedding as a consequence of the FTA was experienced by non-exporting plants, while exporters captured the gains from the FTA.
Book Synopsis Welfare Implications of Solving the Distance Puzzle by : Hakan Yilmazkuday
Download or read book Welfare Implications of Solving the Distance Puzzle written by Hakan Yilmazkuday and published by . This book was released on 2021 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The United States and the World Economy: Foreign Economic Policy for the Next Decade by : C. Fred Bergsten
Download or read book The United States and the World Economy: Foreign Economic Policy for the Next Decade written by C. Fred Bergsten and published by Peterson Institute. This book was released on 2005 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt:
