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International trade

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Full-Text Articles in International Economics

Long-Run Impacts Of Trade Shocks And Export Competitiveness: Evidence From The U.S. Bse Event, Chen-Ti Chen, John M. Crespi, William Hahn, Lee L. Schulz, Fawzi Taha Oct 2019

Long-Run Impacts Of Trade Shocks And Export Competitiveness: Evidence From The U.S. Bse Event, Chen-Ti Chen, John M. Crespi, William Hahn, Lee L. Schulz, Fawzi Taha

John Crespi

This paper examines how comparative advantages of major beef exporters changed following the 2003 bovine spongiform encephalopathy outbreak (BSE), which significantly disrupted the U.S. beef trade until approximately April 2007. Using longitudinal data on beef export values and constructed revealed comparative advantage measures, we show that while some measure of the long-run impacts of BSE on U.S. beef export competitiveness have returned to pre-2003 levels, the U.S.’s comparative advantage has not. We also examine a hypothetical scenario of no BSE event in 2003 and predict what exporters’ competitiveness would have looked like. The authors discuss the ...


Long-Run Impacts Of Trade Shocks And Export Competitiveness: Evidence From The U.S. Bse Event, Chen-Ti Chen, John M. Crespi, William Hahn, Lee L. Schulz, Fawzi Taha Oct 2019

Long-Run Impacts Of Trade Shocks And Export Competitiveness: Evidence From The U.S. Bse Event, Chen-Ti Chen, John M. Crespi, William Hahn, Lee L. Schulz, Fawzi Taha

Lee Schulz

This paper examines how comparative advantages of major beef exporters changed following the 2003 bovine spongiform encephalopathy outbreak (BSE), which significantly disrupted the U.S. beef trade until approximately April 2007. Using longitudinal data on beef export values and constructed revealed comparative advantage measures, we show that while some measure of the long-run impacts of BSE on U.S. beef export competitiveness have returned to pre-2003 levels, the U.S.’s comparative advantage has not. We also examine a hypothetical scenario of no BSE event in 2003 and predict what exporters’ competitiveness would have looked like. The authors discuss the ...


Long-Run Impacts Of Trade Shocks And Export Competitiveness: Evidence From The U.S. Bse Event, Chen-Ti Chen, John M. Crespi, William Hahn, Lee L. Schulz, Fawzi Taha Sep 2019

Long-Run Impacts Of Trade Shocks And Export Competitiveness: Evidence From The U.S. Bse Event, Chen-Ti Chen, John M. Crespi, William Hahn, Lee L. Schulz, Fawzi Taha

CARD Working Papers

This paper examines how comparative advantages of major beef exporters changed following the 2003 bovine spongiform encephalopathy outbreak (BSE), which significantly disrupted the U.S. beef trade until approximately April 2007. Using longitudinal data on beef export values and constructed revealed comparative advantage measures, we show that while some measure of the long-run impacts of BSE on U.S. beef export competitiveness have returned to pre-2003 levels, the U.S.’s comparative advantage has not. We also examine a hypothetical scenario of no BSE event in 2003 and predict what exporters’ competitiveness would have looked like. The authors discuss the ...


Essays In International Trade, Intellectual Property Rights, And Technology Transfer, William Ridley Jan 2019

Essays In International Trade, Intellectual Property Rights, And Technology Transfer, William Ridley

Economics Graduate Theses & Dissertations

In the first study, I investigate how preferential trade agreements (PTAs) with complex chapters covering IPRs affect the composition of members’ aggregate trade flows, focusing on high-technology sectors. Despite the proliferation of PTAs with strong IPRs standards, their effect on such trade has not been studied systematically. The identification framework defines treatment PTAs as those in which one partner is the United States or either the European Union or European Free Trade Association—economies that include the most substantive IPRs provisions in the PTAs that they negotiate. The results are broken down by income groups and trade in specific IP-sensitive ...


A Two-Round In-Class Trading Game On The Principle Of Comparative Advantage And The Theory Of Reciprocal Demand, Bei Hong Jan 2019

A Two-Round In-Class Trading Game On The Principle Of Comparative Advantage And The Theory Of Reciprocal Demand, Bei Hong

Research Collection School Of Economics

This paper outlines a classroom trading game that explores equilibrium terms of trade using the principle of comparative advantage and theory of reciprocal demand. Students are divided into eight groups. Each group is assigned a country with hypothetical productivity and each country seeks its trading partner based on comparative advantage. Students simulate the trading of goods between countries with the objective of achieving the best possible terms of trade. The game encourages students to reflect on their learning of the principle of comparative advantage, consider improvements in trade terms through negotiation, and summarize the conditions for mutually beneficial terms of ...


Essays In International Economics: The Trade-Creation Effect Of Migration, Miguel Cardoso Aug 2018

Essays In International Economics: The Trade-Creation Effect Of Migration, Miguel Cardoso

Electronic Thesis and Dissertation Repository

My thesis consists of three chapters relating to topics in International Economics. My first two chapters study the effects of migration flows on the economic outcomes of stayers for both receiving and sending countries. In both these chapters I develop and calibrate two distinct general equilibrium (GE) models to study the quantitative effect of migration on the real income of workers. The third chapter empirically investigates the relationship between firm export behaviour and their composition of foreign-born workers.

In my first chapter I develop a multi-country GE model where consumers choose where to reside, facing a trade-off between potentially earning ...


Impact Of Cooperative Membership On Members' Household Economies: The Case Of Chiapas Coffee Farmers, Stephen Pitts May 2018

Impact Of Cooperative Membership On Members' Household Economies: The Case Of Chiapas Coffee Farmers, Stephen Pitts

Master's Theses

Coffee producers typically sell raw coffee beans as the first step in a global value chain. Recently, groups of producers have formed coffee cooperatives that attempt to regain market power by integrating the other steps of the value chain. This study uses matching to estimate the effect of membership in one such cooperative on the household economy of indigenous coffee producers in the state of Chiapas, Mexico. It contributes to the literature by considering new determinants of participation and outcomes of interest. First, social capital at the individual and village level is correlated with cooperative membership more than other demographic ...


Ex-Dividend Price Behavior In Spanish Speaking Markets: Do Stocks Behave Differently In Spain, Mexico, And Chile?, Kayla E. Nikosey Apr 2017

Ex-Dividend Price Behavior In Spanish Speaking Markets: Do Stocks Behave Differently In Spain, Mexico, And Chile?, Kayla E. Nikosey

Honors Projects in Finance

The main focus of this thesis is to analyze the behavior of stock price on ex-dividend day of ADRs in Spain, Mexico, and Chile. Announcement date, and ex-dividend date for each ADR is collected to be analyzed against the other ADRs. One would expect different behaviors in the different markets because of different tax treatments in Chile, Mexico, and Spain. Traditional event testing is being used to analyze the stock price behavior on and around ex-dividend days. The event test measures the impact of regulatory events and allows for abnormal changes in stock prices that occur in conjunction with dividend ...


Disaggregated Trade And Disaggregated Currency Unions: A Ranking Of Common Currency Effects, Gregory William Whitten Nov 2016

Disaggregated Trade And Disaggregated Currency Unions: A Ranking Of Common Currency Effects, Gregory William Whitten

Staff Publications

Andrew Rose has long argued that a common currency has a large effect on increasing trade. Recently, Rose has called into question the reliability of this conclusion, as new techniques have emerged for estimating gravity equations. This article uses the sector-specific gravity model developed by Anderson and Yotov (2010a) to investigate if disaggregated trade can provide a reliable estimate of a common currency’s effect. Disaggregating trade alone is insufficient to obtain a reliable estimate of a currency union, regardless of econometric technique, when the effect of a common currency on trade is uniform across all unions. Disaggregating the universe ...


The Planner In Action: China’S Influence As A Developing And Non-Market Economy On The Wto, Lauren Shapiro Apr 2016

The Planner In Action: China’S Influence As A Developing And Non-Market Economy On The Wto, Lauren Shapiro

CUREJ - College Undergraduate Research Electronic Journal

Chinese accession to the World Trade Organization in 2001 forever altered the international economy as it marked the political-economic diversification of international trade negotiations and law. Before the implications of Chinese accession became apparent, scholars predicted that Chinese WTO membership would greatly affect the Organization. While this thesis agrees with this general sentiment, it insists that China’s effect on the WTO is not wholly negative or positive and requires a nuanced, sub-institutional assessment to understand. Qualifying and expanding upon scholars’ pre-2001 predictions, this thesis argues that for the most part, China did not proactively cause instances of institutional weakness ...


Global Economic Expansion And The Prevalence Of Militarized Interstate Disputes, Lucas Hahn Apr 2016

Global Economic Expansion And The Prevalence Of Militarized Interstate Disputes, Lucas Hahn

Honors Projects in Economics

Over the past several decades the entire world has experienced both the positive and negative effects of globalization. The question that this report will address is whether or not global economic expansion has led to a decline in the prevalence of militarized interstate disputes (MIDs) and what factors influence the prevalence of MIDs. This report will take an in-depth look at Thomas Friedman’s “Golden Arches Theory of Conflict Prevention”. It also includes a quantitative analysis in which regression techniques were used to see how different economic factors influence the prevalence of MIDs, while also introducing a previously unused independent ...


How Do The Asian Economies Compete With Japan In The Us Market, China Exceptional? A Triangular Trade Approach, Hiro Ito, Yushi Yoshida Dec 2015

How Do The Asian Economies Compete With Japan In The Us Market, China Exceptional? A Triangular Trade Approach, Hiro Ito, Yushi Yoshida

Hiro (Hiroyuki) Ito

Political conflicts among trading partners have changed their forms with ever-increasing flows of foreign direct investment. A decrease in the exports of Japan might merely be a reflection of a global production shift by Japanese multinational corporations. We investigate the effect of Japanese trade on the exports of other countries to the United States in the 1990s. In our sample we include eight Asian countries besides the US and Japan. With the trade data disaggregated at the HS 4-digit level, we regress the exports of an Asian country to the US on the Japanese exports to the US and the ...


International Trade In Telecommunication Services: A Cross Sectional Gravity Regression, Justin C. Doty Sep 2015

International Trade In Telecommunication Services: A Cross Sectional Gravity Regression, Justin C. Doty

Undergraduate Economic Review

The gravity model has been successful in measuring the effects of institutions, trade barriers, and other characteristics on trade in goods. Kimura and Lee [2004] find the gravity model is also suitable for measuring trade in services. The Organization for Economic Co-Development [2009a] develop gravity models for pilot service sectors such as construction, computer, professional, and telecommunication services. The purpose of this paper is to extend the findings of the OECD paper for telecommunication services. The paper finds that a 10 percent increase in distance between countries will decrease imports by 11.77 percent. Imports of telecommunication services are influenced ...


Network Analysis Of World Trade Using The Baci-Cepii Dataset, Luca De Benedictis, Silvia Nenci, Gianluca Santoni, Lucia Tajoli, Claudio Vicarelli Aug 2014

Network Analysis Of World Trade Using The Baci-Cepii Dataset, Luca De Benedictis, Silvia Nenci, Gianluca Santoni, Lucia Tajoli, Claudio Vicarelli

Luca De Benedictis

In this paper we explore the BACI-CEPII database using Network Analysis. Starting from the visualization of the World Trade Network, we then define and describe the topology of the network, both in its binary version and in its weighted version, calculating and discussing some of the commonly used network’s statistics. We finally discuss some specific topic that can be studied using Network Analysis and International Trade data, both at the aggregated and sectoral level. The analysis is done using multiple software (Stata, R, and Pajek). The scripts to replicate part of the analysis are included in the appendix, and ...


Can Neoclassical Trade Theory Explain Congressional Voting?, John Dellipriscoli May 2013

Can Neoclassical Trade Theory Explain Congressional Voting?, John Dellipriscoli

Master's Theses

The neoclassical trade model has notoriously been unable to empirically predict trade flows throughout the world, however there has been a notion that the same theories and predictions could also be applied to democratic voting on free trade legislation. Using roll-call votes on three 2011 United States bilateral trade agreements with Colombia, Panama, and South Korea, respectively, a simple empirical model based on the neoclassical concepts, specifically the Heckscher-Ohlin and Stolper-Samuelson corollary theorems, is outlined. After an analysis using a logit estimation method, it is revealed that there is conflicting evidence whether the voting on the 2011 free trade agreements ...


Modeling The Effects Of Distance And Spatial Dependence In International Trade, Jesse Oakes Piburn May 2013

Modeling The Effects Of Distance And Spatial Dependence In International Trade, Jesse Oakes Piburn

Masters Theses

The gravity model has been widely used estimate the effect that distance has in international trade; however, two important areas have seen little attention in the literature, namely, the influence of using a more accurate measure of distance and how distance effect estimates change when controlling for spatial dependence in observed trade flows. Using transportation networks to measure distance and estimating both a spatial lag and spatial error gravity model, Canadian provincial exports to the lower 48 states in the United States were analyzed to address these previously ignored issues. It was found that the traditional distance measure of great ...


The Cost Of Culture The Impact Of National Culture On The Pass-Through Of Commodity Shocks, Christine Gerrity Apr 2013

The Cost Of Culture The Impact Of National Culture On The Pass-Through Of Commodity Shocks, Christine Gerrity

Honors Projects in Finance

This study analyzes the impact of national culture on the pass-through of commodity price shocks to retail goods. In particular, this study explores the commodities of coffee, cotton and steel. Through the use of regression analysis, this study looks to determine the relationship between two key predictive variables: risk tolerance of a country and commodity shocks within a company’s associated commodity market, and their impact on the value of companies within that country. Additional factors are explored at the firm financial level and the firm country level. The purpose of this study is to examine if consumers of one ...


Off The Cliff And Back? Credit Conditions And International Trade During The Global Financial Crisis, Davin Chor, Manova Kalina May 2012

Off The Cliff And Back? Credit Conditions And International Trade During The Global Financial Crisis, Davin Chor, Manova Kalina

Research Collection School Of Economics

We examine the collapse of international trade flows during the 2008-2009 global financial crisis using detailed data on the evolution of monthly U.S. imports over the November 2006 - April 2009 period. We show that credit constraints and the reduction in the availability of external capital were an important channel through which the crisis affected trade volumes. We identify the effects of credit tightening by exploiting the variation in the cost of capital across countries and over time, as well as the variation in financial dependence across sectors. We find that countries with higher interbank interest rates and thus tighter ...


Essays On International Trade And Finance, Amat Adarov May 2012

Essays On International Trade And Finance, Amat Adarov

Theses and Dissertations

The dissertation consists of three papers exploring the macroeconomic implications of heterogeneity of countries in financial development, economic interconnectedness via trade and financial linkages.

Chapter 1 examines whether countries which are more centrally located in the global trade network have more synchronized stock markets. Global trade data is used to construct a novel measure of random walk betweenness centrality (RWBC), measuring the extent to which a country lies on random pathways in-between other countries and is therefore likely to be a conduit in the transmission of a shock across global markets. Based on a panel dataset of 58 countries over ...


Do Foreign Direct Investment And Trade Openness Accelerate Economic Growth?, Donna Chan Wah Hak Apr 2011

Do Foreign Direct Investment And Trade Openness Accelerate Economic Growth?, Donna Chan Wah Hak

Honors Projects in Economics

This research investigates the impact of trade openness and foreign direct investment (FDI) on economic growth. Using a framework proposed by Barro (1991), panel data regression analysis is performed on 5-year time periods between 1985 and 2005. A sample of 89 countries is analyzed using data collected from the World Development Indicators (WDI), Penn World Table, Barro and Lee (2010), and Polity IV Project datasets. The empirical analysis shows that conditional convergence occurs among the countries in the sample and that FDI net inflows per worker slightly increases the speed of conditional convergence. This study also finds evidence that FDI ...


Institutional Comparative Advantage: A Game-Theoretical Analysis Of The Kodak-Fuji Dispute Wto/Ds44, Emily Harris Jan 2011

Institutional Comparative Advantage: A Game-Theoretical Analysis Of The Kodak-Fuji Dispute Wto/Ds44, Emily Harris

Undergraduate Honors Theses

The extraordinary increase int he international movement of goods, services, capital, people, and technology of the last few decades, mirrored by a decrease in transportation and communication cots hardly conceivable when the modern multilateral overseers of international commerce, finance, and development were designed at Bretton Woods, have dramatically changed not only the nature of international trade disputes, but also the way governments approach and understand trade disputes.


Off The Cliff And Back? Credit Conditions And International Trade During The Global Financial Crisis, Davin Chor, Kalina Manova Jul 2010

Off The Cliff And Back? Credit Conditions And International Trade During The Global Financial Crisis, Davin Chor, Kalina Manova

Research Collection School Of Economics

We study the collapse of international trade flows during the global financial crisis using detailed data on monthly US imports. We show that credit conditions were an important channel through which the crisis affected trade volumes, by exploiting the variation in the cost of capital across countries and over time, as well as the variation in financial vulnerability across sectors. Countries with higher interbank rates and thus tighter credit markets exported less to the US during the peak of the crisis. This effect was especially pronounced in sectors that require extensive external financing, have limited access to trade credit, or ...


The Impact Of The Asian Economic Crisis In Thailand, Craig C. Julian Feb 2010

The Impact Of The Asian Economic Crisis In Thailand, Craig C. Julian

Dr Craig C Julian

Traces the economic development of Thailand since 1945, referring to relevant research, and analyses the reasons why it was the first Southeast Asian country to collapse in the 1997 economic crisis: large current account deficits, excessive external debt, a collapse in the property sector, exchange rate mismanagement and political instability. Considers its future prospects and shows statistics on economic growth and inflation for the world as a whole and various countries and groups within it.


Globalization And Economic Growth In Sub-Saharan Africa, Hadiatou Barry Jan 2010

Globalization And Economic Growth In Sub-Saharan Africa, Hadiatou Barry

Gettysburg Economic Review

This study analyzes Sub-Saharan Africa through the framework of globalization. The study‘s objective is to determine whether globalization is a significant factor when associated with economic growth in the region. Using panel data from 1995-2005 for 41 countries and the KOF globalization index, an Ordinary Least Squares (OLS) model was employed to examine the relationship between globalization and other traditional factors of economic growth such as trade, foreign direct investment, loans, aid, natural resources, corruption, and rule of law. The study shows that globalization has a positive, though statistically insignificant impact on the economic growth of Sub-Saharan Africa. However ...


Ensuring A Decent Global Workplace: Labor Rights Belong In Trade Agreements, Lance A. Compa May 2009

Ensuring A Decent Global Workplace: Labor Rights Belong In Trade Agreements, Lance A. Compa

Lance A Compa

[Excerpt] Linking workers' rights to international trade is an idea whose time has come and stayed, despite the best efforts of free trade ideologues to chase it away. In looming congressional debates about "fast track" negotiating authority, the Bush administration and Congress confront powerful demands from workers, trade unionists and a wider public for rules protecting human rights and labor rights, not just corporate investments, in trade agreements.


Overall Trade Specialization And Economic Development: Countries Diversify, Luca De Benedictis, Marco Gallegati, Tamberi Massimo Dec 2008

Overall Trade Specialization And Economic Development: Countries Diversify, Luca De Benedictis, Marco Gallegati, Tamberi Massimo

Luca De Benedictis

This paper provides evidence for an aspect of trade often disregarded in international trade research: countries’ sectoral export diversification. The results of our semiparametric empirical analysis show that, on average, countries do not specialize; on the contrary, they diversify. Our results are robust for different statistical indices used to measure trade specialization, for the level of sectoral aggregation, and for the level of smoothing in the nonparametric term associated with per capita income. Using a generalized additive model (GAM) with countryspecific fixed effects it can be shown that, controlling for countries’ heterogeneity, sectoral export diversification increases with income.


Tariff Escalation And Invasive Species Risk, Anh T. Tu, John C. Beghin, Estelle Gozlan Oct 2005

Tariff Escalation And Invasive Species Risk, Anh T. Tu, John C. Beghin, Estelle Gozlan

CARD Working Papers

We investigate the interface between trade and invasive species (IS) risk, focusing on the existing tariff escalation in agro-forestry product markets and its implication for IS risk. Tariff escalation in processed agro-forestry products exacerbates the risk of IS by biasing trade flows toward increased trade of primary commodity flows and against processed-product trade. We show that reducing tariff escalation by lowering the tariff on processed goods increases allocative efficiency and reduces the IS externality, a win-win situation. We also identify policy menus for trade reforms involving tariffs on both raw input and processed goods, leading to winwin situations.


How Do The Asian Economies Compete With Japan In The Us Market, China Exceptional? A Triangular Trade Approach, Hiro Ito, Yushi Yoshida Oct 2004

How Do The Asian Economies Compete With Japan In The Us Market, China Exceptional? A Triangular Trade Approach, Hiro Ito, Yushi Yoshida

Economics Faculty Publications and Presentations

Political conflicts among trading partners have changed their forms with ever-increasing flows of foreign direct investment. A decrease in the exports of Japan might merely be a reflection of a global production shift by Japanese multinational corporations. We investigate the effect of Japanese trade on the exports of other countries to the United States in the 1990s. In our sample we include eight Asian countries besides the US and Japan. With the trade data disaggregated at the HS 4-digit level, we regress the exports of an Asian country to the US on the Japanese exports to the US and the ...


International Trade And Labor Markets: Theory, Evidence, And Policy Implications, Carl Davidson, Steven J. Matusz Jan 2004

International Trade And Labor Markets: Theory, Evidence, And Policy Implications, Carl Davidson, Steven J. Matusz

Upjohn Press

Davidson and Matusz develop simple yet compelling models that allow for documented differences in labor markets across countries in order to investigate the impact of trade and trade policies on society's underclass.


Intellectual Property Rights And The World Trade Organization: Retrospect And Prospects, Giancarlo Moschini May 2003

Intellectual Property Rights And The World Trade Organization: Retrospect And Prospects, Giancarlo Moschini

CARD Working Papers

This paper analyzes the main economic issues of intellectual property rights (IPRs) protection in the context of the World Trade Organization (WTO). A retrospective view on the establishment of the TRIPS (trade-related aspects of intellectual property rights) Agreement, a still controversial accomplishment of the Uruguay Round of trade liberalization, is provided. The paper reviews the economic rationale for the harmonization of IPRs, drawing both on economic theory considerations as well as emerging empirical evidence. The logic of linking IPR protection and trade in the context of the WTO is also re-examined. Some specific attention is devoted to the implications of ...