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  1. Globalization and state capitalism
    assessing Vietnam's accession to the WTO
    Author: Baccini, Leonardo; Impullitti, Giammario; Malesky, Edmund
    Published: [2019]
    Publisher:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Media type: Book
    Format: Online
    Series: CEP discussion paper ; no 1593 (January 2019)
    Subjects: state-owned enterprises; state capitalism; heterogeneous firms; gains from trade; WTO; Vietnam
    Scope: 1 Online-Ressource (circa 100 Seiten), Illustrationen
  2. Exporting and endogenous workplace amenities under monopsonistic competition
    Author: Abashishvili, Avtandil
    Published: 2023
    Publisher:  RWI - Leibniz-Institut für Wirtschaftsforschung, Essen, Germany

    This paper introduces endogenous workplace quality choice into an international trade model with a monopsonistically competitive labour market, in which firms compete for potential employees by offering them a combination of monetary and non-monetary... more

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    This paper introduces endogenous workplace quality choice into an international trade model with a monopsonistically competitive labour market, in which firms compete for potential employees by offering them a combination of monetary and non-monetary benefits. To attract the workers required to produce for the foreign market in addition to the domestic market, exporting firms have to offer more attractive compensation to their employees than comparable non-exporting firms, which is why they are not only paying higher wages but also offering better workplace amenities. The gains from trade, therefore, not only materialise in terms of a higher purchasing power but also in terms of a higher average workplace quality. Welfare metrics, which exclusively focus on real income gains, might underestimate the gains from globalisation. Dieser Beitrag endogenisiert die Wahl der Arbeitsplatzqualität in einem Außenhandelsmodell mit monopsonistischem Arbeitsmarkt. Unternehmen konkurrieren um potenzielle Mitarbeiter, indem sie ihnen eine Kombination aus monetären und nicht-monetären Vorteilen anbieten. Exportierende Unternehmen müssten eine attraktivere Entlohnung anbieten als vergleichbare nicht-exportierende Unternehmen, um Arbeitnehmer anzuziehen, die nötig sind, um zusätzlich zu dem inländischen Markt für den ausländischen zu produzieren. Deshalb zahlen sie nicht nur höhere Löhne, sondern bieten weitere nicht-monetären Zusatzleistungen an. Die Gewinne aus dem Handel kommen also nicht nur in Form einer höheren Kaufkraft zum Tragen, sondern auch in Form einer höheren durchschnittlichen Arbeitsplatzqualität. Wohlfahrtsindikatoren, die sich ausschließlich auf reale Einkommenszuwächse konzentrieren, könnten die Vorteile der Globalisierung unterschätzen.

     
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    Media type: Ebook
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    ISBN: 9783969731741
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    hdl: 10419/269237
    Series: Ruhr economic papers ; #1008
    Subjects: Monopsonistic competition; workplace quality; wages; exporting; gains from trade
    Scope: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  3. Trade with search frictions
    identifying new gains from trade
    Author: Ara, Tomohiro
    Published: [2023]
    Publisher:  RIETI, [Tokyo, Japan]

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    Series: RIETI discussion paper series ; 23-E, 061 (August 2023)
    Subjects: Search; matching; gains from trade; firm heterogeneity; economic integration
    Scope: 1 Online-Ressource (circa 45 Seiten)
  4. Exporting and endogenous workplace amenities under monopsonistic competition
    Author: Abashishvili, Avtandil
    Published: 2023
    Publisher:  RWI - Leibniz-Institut für Wirtschaftsforschung, Essen, Germany

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    ISBN: 9783969731741
    Series: Ruhr economic papers ; #1008
    Subjects: Monopsonistic competition; workplace quality; wages; exporting; gains from trade
    Scope: 22 Seiten, Diagramm
  5. The Kyoto protocol and beyond
    pareto improvements to policies that mitigate climate change
    Author: Chichilnisky, Graciela; Hammond, Peter J.
    Published: April 2016
    Publisher:  University of Warwick, Department of Economics, Coventry

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    Series: Working paper series ; no. 287
    Subjects: carbon dioxide emissions; Kyoto Protocol; Paris Agreement; emissions trade; clean development mechanism; gains from trade; carbon removals
    Scope: 1 Online-Ressource (circa 20 Seiten)
  6. International trade and internal migration with labor market distortions
    theory and evidence from China
    Author: Wang, Xin
    Published: October 2015
    Publisher:  Department of Economics, University of Colorado Boulder, Boulder, Colorado

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    Edition: Job market paper, this version: October 18, 2015
    Series: Discussion papers in economics / Department of Economics, University of Colorado Boulder ; no. 15-06
    Subjects: gains from trade; labor market distortions; internal migration; structural change
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  7. Unequal expenditure switching
    evidence from Switzerland
    Author: Auer, Raphael A.; Burstein, Ariel T.; Lein, Sarah; Vogel, Jonathan
    Published: February 2022
    Publisher:  Bank for International Settlements, Monetary and Economic Department, [Basel]

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    Series: BIS working papers ; no 1001
    Subjects: expenditure switching; large exchange rate shocks; gains from trade
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  8. Technology, market structure and the gains from trade
    Author: Impullitti, Giammario; Licandro, Omar; Rendahl, Pontus
    Published: April 2021
    Publisher:  GSE, Graduate School of Economics, Barcelona

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    Series: Barcelona GSE working paper series ; no 1259
    Subjects: gains from trade; heterogeneous firms; oligopoly; innovation; endogenous markups; market concentration
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  9. The economic consequences of globalisation in the United States
    Author: Petri, Peter A.; Banga, Meenal
    Published: January 2020
    Publisher:  Economic Research Institute for ASEAN and East Asia, [Jakarta]

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    Series: ERIA discussion paper series ; ERIA-DP-2019-25 = no. 311
    Subjects: globalization; gains from trade; income distribution
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  10. Globalization and heterogeneity
    evidence from Hollywood
    Author: Adler, Konrad; Fuchs, Simon
    Published: [2022]
    Publisher:  Federal Reserve Bank of Atlanta, Atlanta, GA

    Linder (1961) conjectured that taste differences could impede trade flows. We extend Krugman (1980) to allow for producers that face taste heterogeneity with volatile demand. Consumers are characterized by different taste over product attributes and... more

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    Linder (1961) conjectured that taste differences could impede trade flows. We extend Krugman (1980) to allow for producers that face taste heterogeneity with volatile demand. Consumers are characterized by different taste over product attributes and idiosyncratic risk. Firms face a portfolio type of problem where they trade off supplying the largest consumer groups against higher exposure to group-specific risk. We develop an empirical strategy to estimate consumer taste from observed market shares across multiple distinct markets of the same product, as well as the key parameters that pin down the firm's portfolio choice problem. We apply our framework to estimate the impact of the rise of China on the global movies market and characterize the heterogeneous welfare effects across countries.

     
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    Other identifier:
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    Series: Working paper series / Federal Reserve Bank of Atlanta ; 2022, 14 (October 2022)
    Subjects: taste heterogeneity; volatility; gains from trade
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  11. Gains from trade and the food Engel curve
    Author: Farrokhi, Farid; Jinkins, David; Chong, Xiang
    Published: October 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper examines the extent to which gains-from-trade predictions from commonly-used trade theories are consistent with observed household consumption decisions. Our approach is based on inference from household-level estimation of food Engel... more

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    This paper examines the extent to which gains-from-trade predictions from commonly-used trade theories are consistent with observed household consumption decisions. Our approach is based on inference from household-level estimation of food Engel curves in the US and in a few other countries. For a given price index as the deflator of income, deviations from food Engel curves indicate how biased that price index is relative to the true household price index. We construct open-economy price indices based on trade theory and data, evaluate their biases according to our approach, and compare them with the bias of official CPI statistics. We find that theory-consistent open-economy price indices that account for industry-level heterogeneity and input-output linkages tend to eliminate a large fraction of the bias of CPI.

     
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    Series: Discussion paper series / IZA ; no. 15674
    Subjects: Food Engel Curves; price indices; household-level consumption; gains from trade
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  12. International trade and stable resolutions of resource disputes
    Author: Garfinkel, Michelle Robin; Syropoulos, Constantinos
    Published: October 2022
    Publisher:  CESifo, Munich, Germany

    We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset first arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend... more

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    We consider a dynamic setting in which two sovereign states with overlapping ownership claims on a resource/asset first arm and then choose whether to resolve their dispute violently through war or peacefully through settlement. Both approaches depend on the states' military capacities, but have very different outcomes. War precludes the possibility of international trade and can be destructive; however, once a winner is declared, arming is unnecessary in future periods. By contrast, a peaceful resolution avoids destruction and supports mutually advantageous trade; yet, settlements must be renegotiated in the shadow of arming and the threat of war. In this setting, we characterize the conditions under which peace arises as a stable equilibrium over time. We find that, depending on the destructiveness of war, time preferences, and the initial distribution of resource endowments, greater gains from trade can reduce arming and pacify international tensions. Even when the gains from trade are relatively small, peace might be sustainable, but only for more uneven endowment distributions.

     
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    hdl: 10419/267273
    Series: CESifo working papers ; 10040 (2022)
    Subjects: interstate war; armed peace; unarmed peace; security policies; gains from trade; shadow of the future
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  13. Love of variety and gains from trade
    Author: Gouel, Christophe; Jean, Sébastien
    Published: December 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This paper shows how gains from trade are conditioned by love of variety, defined as the extent to which an additional product variety generates benefits in either final or intermediate consumption. We develop a multi-country, multi-sector gravity... more

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    This paper shows how gains from trade are conditioned by love of variety, defined as the extent to which an additional product variety generates benefits in either final or intermediate consumption. We develop a multi-country, multi-sector gravity trade model where love of variety is parameterized separately from product substitutability using a generalized CES demand function, and show analytically how gains from trade depend on love of variety through different channels that we identify and interpret. In this context, except for very specific parameterizations, gains from trade differ between a heterogeneous- and a homogeneous-firm model. Counterfactual simulations based on a calibrated version of this model show that, all other things being equal, the assessed gains from trade commonly vary by a proportion of one to three depending on the value of the love-of-variety elasticity, in a way that differs significantly across countries. Trade war simulations also point to the strong sensitivity of the assessed impacts. We conclude that love of variety is a key determinant of the gains from trade, an aspect that has so far been overlooked for the sake of convenience in the modeling framework and due to lack of empirical estimates.

     
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    Other identifier:
    hdl: 10419/249005
    Series: CESifo working paper ; no. 9460 (2021)
    Subjects: international trade; firm heterogeneity; gains from trade; gravity; love of variety
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  14. Technology, market structure and the gains from trade
    Author: Impullitti, Giammario; Licandro, Omar; Rendahl, Pontus
    Published: [2021]
    Publisher:  University of Nottingham, GEP, [Nottingham]

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    Series: Array ; research paper 2021, 3
    Subjects: gains from trade; heterogeneous firms; oligopoly; innovation; endogenous markups; market concentration
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  15. Saving household production-cum-consumption time
    implications for international trade in trash
    Author: Long, Ngo Van
    Published: [2021]
    Publisher:  CIRANO, [Montréal]

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    Series: Cahier scientifique / CIRANO ; 2021s, 43
    Subjects: Trade in trash; gains from trade; household production; North Southtrade; the economics of time management
    Scope: 1 Online-Ressource (circa 33 Seiten)
  16. Trade and labour market institutions
    a tale of two liberalizations
    Author: Ruggieri, Alessandro
    Published: [2019]
    Publisher:  University of Nottingham, GEP, Nottingham

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    Edition: This version: August 2019
    Series: Array ; research paper 2019, 15
    Subjects: Trade reform; labor market institutions; unemployment; transitional dynamics; gains from trade
    Scope: 1 Online-Ressource (circa 91 Seiten), Illustrationen
  17. Spoils of war
    trade shocks and segmented labor markets in Spain during WWI
    Author: Fuchs, Simon
    Published: [2021]
    Publisher:  Federal Reserve Bank of Atlanta, Atlanta, GA

    How does intranational factor mobility shape the welfare effects of a trade shock? I provide evidence that during WWI, a demand shock emanated from belligerent countries and affected neutral Spain. Within Spain, labor predominantly reallocated... more

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    How does intranational factor mobility shape the welfare effects of a trade shock? I provide evidence that during WWI, a demand shock emanated from belligerent countries and affected neutral Spain. Within Spain, labor predominantly reallocated locally, while the most affected provinces experienced drastic increases in wages and consumer prices. Embedding imperfect labor mobility in an economic geography model, I show that external demand shocks can improve allocative efficiency, but asymmetric shocks cause localized increases in wages and consumer prices instead of reallocation. Adjusting an aggregate gains of trade formula to take domestic reallocation into account more than triples the estimated welfare effects.

     
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    Other identifier:
    hdl: 10419/244317
    Series: Working paper series / Federal Reserve Bank of Atlanta ; 2021, 14 (May 2021)
    Subjects: gains from trade; labor mobility; economic geography
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  18. Gains from trade
    does sectoral heterogeneity matter?
    Author: Giri, Rahul; Yi, Kei-mu; Yilmazkuday, Hakan
    Published: January 4, 2021
    Publisher:  Florida International University, Department of Economics, [Miami, FL]

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    Series: Working papers / Florida International University, Department of Economics ; 2103
    Subjects: gains from trade; estimated trade elasticities; simulated method of moments; sectoral heterogene-ity; international price dispersion; multi-sector trade
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  19. International trade, differentiated goods and strategic asymmetry
    Author: Gilbert, John P.; Koska, Onur A.; Oladi, Reza
    Published: [2020]
    Publisher:  Department of Economics and Finance, School of Business and Economics, University of Canterbury, Christchurch, New Zealand

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    Series: Working paper / Department of Economics and Finance, School of Business and Economics, University of Canterbury ; no. 2020, 6
    Subjects: Intra-industry trade; product differentiation; gains from trade; asymmetric strategies
    Scope: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  20. Randomized double auctions
    gains from trade, trader roles, and price discovery
    Author: Sherstyuk, Katerina; Krit Phankitnirundorn; Roberts, Michael J.
    Published: July 2020
    Publisher:  University of Hawai'i at Mānoa, Department of Economics, Honolulu, HI

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    Series: Working paper series / University of Hawai'i at Mānoa, Department of Economics ; no. 20, 18
    Subjects: economic experiments; double auction markets; gains from trade; speculation
    Scope: 1 Online-Ressource (circa 70 Seiten), Illustrationen
  21. The wage fund theory and the gains from trade in a dynamic Ricardian model
    Author: Marjit, Sugata; Nakanishi, Noritsugu
    Published: July 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This paper explores the role of wage fund as the basic source of credit, capital or finance in a dynamic Ricardian model, which consists of three classes of agents: the workers, the capitalist, and the producers of goods. We introduce and develop an... more

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    This paper explores the role of wage fund as the basic source of credit, capital or finance in a dynamic Ricardian model, which consists of three classes of agents: the workers, the capitalist, and the producers of goods. We introduce and develop an elaborate dynamic wage fund model in the context of contemporary economic theory. The modified golden rule can be derived based on a mechanism significantly different from the standard Ramsey-Cass-Koopmans optimal growth framework. We also show that, although international trade in a static setting in the wage fund framework has real asymmetric distributional effects on the welfare of the agents just like the Stolper-Samuelson theorem, those asymmetric distributional impacts are nullified in the dynamic setting. In fact, trade liberalization is Pareto improving along the balanced growth path.

     
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    Series: CESifo working paper ; no. 9218 (2021)
    Subjects: wage fund; Ricardo model; modified golden rule; gains from trade; balanced growth path
    Scope: 1 Online-Ressource (circa 27 Seiten)
  22. Technology, market structure and the gains from trade
    Author: Impullitti, Giammario; Licandro, Omar; Rendahl, Pontus
    Published: April 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and provide a formula to decompose the mechanism. The new insight we provide is that market concentration can be a welfare-relevant feature... more

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    We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and provide a formula to decompose the mechanism. The new insight we provide is that market concentration can be a welfare-relevant feature of market power above and beyond markup dispersion. Trade liberalisation increases foreign competition and reduces the number of active firms in the market, thereby increasing concentration. A more concentrated economy is more efficient due to increasing returns in production. Moreover, higher concentration produces a scale effect on firms’ incentives to innovate, which increases welfare via productivity improvements. In the calibrated version of the model we show that a trade-induced increase in concentration contributes substantially to the gains from trade, mostly via its stimulating effect on innovation. Sizeable gains also come from the reduction of the inefficiency produced by trade in identical goods; i.e. through a reduction in reciprocal dumping. Changes in markup dispersion, in contrast, have only negligible effects.

     
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    hdl: 10419/235392
    Series: CESifo working paper ; no. 9022 (2021)
    Subjects: gains from trade; heterogeneous firms; oligopoly; innovation; endogenous markups; market concentration
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  23. Trade theory with behavioral agents
    Author: Wisarut Suwanprasert
    Published: [2024]
    Publisher:  [Puey Ungphakorn Institute for Economic Research], [Bangkok]

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    Series: Discussion paper / Puey Ungphakorn Institute for Economic Research ; no. 216 (February 2024)
    Subjects: trade theory; behavioral economics; gains from trade; optimal tariffs; nudges
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  24. Gravity with history
    on incumbency effects in international trade
    Author: Egger, Peter; Foellmi, Reto; Schetter, Ulrich; Torun, David
    Published: 04 September 2023
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)
    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Mannheim
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18421
    Subjects: incumbency effects; sunk cost of market access; gravity equation; gains from trade; home bias; path dependence
    Scope: 1 Online-Ressource (circa 85 Seiten), Illustrationen
  25. Generalized welfare gains from trade formulas
    Author: Wisarut Suwanprasert
    Published: [2024]
    Publisher:  [Puey Ungphakorn Institute for Economic Research], [Bangkok]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 785
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper / Puey Ungphakorn Institute for Economic Research ; no. 214 (February 2024)
    Subjects: trade theory; gains from trade; classical trade models; ACR formula
    Scope: 1 Online-Ressource (circa 19 Seiten)