发布求助
文献互助 智能选刊 最新文献

Journal of International Economics最新文献

筛选
英文 中文
The effect of import competition across occupations
IF 3.8 1区 经济学
Journal of International Economics Pub Date : 2025-01-01 DOI: 10.1016/j.jinteco.2024.104001
Sergi Basco , Maxime Liégey , Martí Mestieri , Gabriel Smagghue
{"title":"The effect of import competition across occupations","authors":"Sergi Basco ,&nbsp;Maxime Liégey ,&nbsp;Martí Mestieri ,&nbsp;Gabriel Smagghue","doi":"10.1016/j.jinteco.2024.104001","DOIUrl":"10.1016/j.jinteco.2024.104001","url":null,"abstract":"<div><div>We empirically examine the effect of import competition on worker earnings across occupations. To guide our analysis, we develop a stylized model that emphasizes industries using occupations in different intensities. We show that an occupational exposure index summarizes the overall exposure of an occupation to industry-level trade shocks. Proxying these industry-level trade shocks with rising Chinese competition and using nationally representative matched employer–employee French panel data from 1993 through 2015, we obtain evidence consistent with the predictions of the model. We find that workers initially employed in occupations highly exposed to Chinese competition – as measured by our occupational exposure index – experience larger declines in earnings. The magnitude of our estimates implies that the effect of rising Chinese competition on workers’ earnings due to differences in workers’ occupations is of comparable magnitude to the effect of workers’ sector of employment. This finding suggests that accounting for the distributional effects of trade across occupations is quantitatively important.</div></div>","PeriodicalId":16276,"journal":{"name":"Journal of International Economics","volume":"153 ","pages":"Article 104001"},"PeriodicalIF":3.8,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099007","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
International production networks and the propagation of financial shocks
IF 3.8 1区 经济学
Journal of International Economics Pub Date : 2025-01-01 DOI: 10.1016/j.jinteco.2024.104039
Sihao Chen
{"title":"International production networks and the propagation of financial shocks","authors":"Sihao Chen","doi":"10.1016/j.jinteco.2024.104039","DOIUrl":"10.1016/j.jinteco.2024.104039","url":null,"abstract":"<div><div>This paper investigates how external sector-level financial shocks are transmitted to a small open economy through international production networks. Using a multi-sector small open economy model, I show analytically that a financial shock to an external production sector affects downstream sectors (through a price effect) and upstream sectors (through a direct demand effect and a complementarity or substitution effect). These effects work through international production networks, affecting the small country’s output and GDP. Quantitatively, I construct U.S. sector-level excess bond premia and estimate key parameters for simulations. The simulation exercises show that U.S. financial shocks account for a significant proportion of the fluctuations in Mexico’s GDP during the global financial crisis. International production networks amplify the real effect of external financial shocks by a factor of at least three during the crisis.</div></div>","PeriodicalId":16276,"journal":{"name":"Journal of International Economics","volume":"153 ","pages":"Article 104039"},"PeriodicalIF":3.8,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099009","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Domestic linkages and the transmission of commodity price shocks
IF 3.8 1区 经济学
Journal of International Economics Pub Date : 2025-01-01 DOI: 10.1016/j.jinteco.2024.104041
Damian Romero
{"title":"Domestic linkages and the transmission of commodity price shocks","authors":"Damian Romero","doi":"10.1016/j.jinteco.2024.104041","DOIUrl":"10.1016/j.jinteco.2024.104041","url":null,"abstract":"<div><div>This paper studies the role of input–output (IO) linkages in the propagation of commodity price shocks. We present empirical evidence documenting a positive correlation between commodity prices and GDP that decreases in the intensity of production linkages between the commodity sector and the rest. In a model for a small open economy, stronger linkages reduce the demand for inputs by the commodity sector, dampening the response of real GDP after a positive commodity price shock. A calibrated version of the model shows that the elasticity of GDP would be 6% lower if the commodity sector had been 5% more connected.</div></div>","PeriodicalId":16276,"journal":{"name":"Journal of International Economics","volume":"153 ","pages":"Article 104041"},"PeriodicalIF":3.8,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143099008","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Avoiding sovereign default contagion: A normative analysis
IF 3.8 1区 经济学
Journal of International Economics Pub Date : 2024-12-28 DOI: 10.1016/j.jinteco.2024.104040
Sergio de Ferra , Enrico Mallucci
{"title":"Avoiding sovereign default contagion: A normative analysis","authors":"Sergio de Ferra ,&nbsp;Enrico Mallucci","doi":"10.1016/j.jinteco.2024.104040","DOIUrl":"10.1016/j.jinteco.2024.104040","url":null,"abstract":"<div><div>Should debtor countries support each other during sovereign debt crises? We answer this question through the lens of a two-country sovereign-default model that we calibrate to the euro-area periphery. First, we look at cross-country bailouts. We find that whenever agents anticipate them, bailouts induce higher borrowings, and yet still enhance welfare. Second, we look at the borrowing choices of a global central borrower. We find that central borrower’s policies reduce debt and improve the joint welfare of the two countries. Yet, welfare gains are uneven. In our baseline specification, one of the two countries sees a decline of welfare under the planner’s rules. We conclude that central planner policies may be politically unfeasible.</div></div>","PeriodicalId":16276,"journal":{"name":"Journal of International Economics","volume":"154 ","pages":"Article 104040"},"PeriodicalIF":3.8,"publicationDate":"2024-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143158973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Trade flows and exchange rates: Importers, exporters and products
IF 3.8 1区 经济学
Journal of International Economics Pub Date : 2024-12-25 DOI: 10.1016/j.jinteco.2024.104044
Michael B. Devereux , Wei Dong , Ben Tomlin
{"title":"Trade flows and exchange rates: Importers, exporters and products","authors":"Michael B. Devereux ,&nbsp;Wei Dong ,&nbsp;Ben Tomlin","doi":"10.1016/j.jinteco.2024.104044","DOIUrl":"10.1016/j.jinteco.2024.104044","url":null,"abstract":"<div><div>Using highly-disaggregated transaction-level trade data, we document the importance of new firm-level trade partner relationships and the addition of new products to existing relationships in driving aggregate trade flows. Moreover, we find that these margins are sensitive to movements in the exchange rate and that larger firms are substantially more responsive in terms of both the number of trade partners and products. These findings are then rationalized in a model of international trade with endogenous matching between heterogeneous importers and exporters. Simulations of the model highlight: (1) a new channel through which exchange rates influence short-run trade flows; and (2) the importance of firm heterogeneity—on both sides of trade transactions—in the adjustment process.</div></div>","PeriodicalId":16276,"journal":{"name":"Journal of International Economics","volume":"154 ","pages":"Article 104044"},"PeriodicalIF":3.8,"publicationDate":"2024-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143158972","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The standard errors of persistence 持久性的标准错误
IF 3.8 1区 经济学
Journal of International Economics Pub Date : 2024-11-26 DOI: 10.1016/j.jinteco.2024.104027
Timothy G. Conley, Morgan Kelly
{"title":"The standard errors of persistence","authors":"Timothy G. Conley,&nbsp;Morgan Kelly","doi":"10.1016/j.jinteco.2024.104027","DOIUrl":"10.1016/j.jinteco.2024.104027","url":null,"abstract":"<div><div>Many studies of historical persistence find that modern outcomes strongly reflect characteristics of the same places in the distant past. However they rely on data that often exhibit extreme spatial trends and autocorrelation, suggesting that their unusually large t-statistics may be due to inadequately controlling for spurious correlation. To analyze this we introduce a new regression procedure and two diagnostic tests of no treatment effect: (a) a placebo test where the treatment is replaced with spatial noise and (b) a synthetic outcomes test of the hypothesis that the outcome is generated by a trend plus a spatial noise process independent of the treatment. We then show how reliable regression results can be obtained by adding a low dimensional spatial basis to the regression of interest, and applying a large cluster standard error correction. Examining 30 persistence studies in leading journals we find that few approach significance at conventional levels. Our procedure applies to regressions with spatial observations more generally and is implemented in an open source package.</div></div>","PeriodicalId":16276,"journal":{"name":"Journal of International Economics","volume":"153 ","pages":"Article 104027"},"PeriodicalIF":3.8,"publicationDate":"2024-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142745180","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Empire project: Trade policy in interwar Canada 帝国计划：战时加拿大的贸易政策
IF 3.8 1区 经济学
Journal of International Economics Pub Date : 2024-11-25 DOI: 10.1016/j.jinteco.2024.104024
Markus Lampe , Kevin Hjortshøj O’Rourke , Lorenz Reiter , Yoto V. Yotov
{"title":"The Empire project: Trade policy in interwar Canada","authors":"Markus Lampe ,&nbsp;Kevin Hjortshøj O’Rourke ,&nbsp;Lorenz Reiter ,&nbsp;Yoto V. Yotov","doi":"10.1016/j.jinteco.2024.104024","DOIUrl":"10.1016/j.jinteco.2024.104024","url":null,"abstract":"<div><div>This paper uses a new dataset on the universe of Canadian imports and tariffs between 1924 and 1936, disaggregated into 1697 goods originating in 112 countries, to analyse the impact on Canadian imports of interwar Canadian trade policy, including the 1932 Ottawa trade agreements. Rather than use a dummy variable approach, we compute the impact of individual tariffs which varied substantially across goods, trade partners, and time. We perform a variety of counterfactual exercises to determine the impact of tariffs on trade flows. The overall impact of post-1929 tariff shifts, including the 1932 agreements, was relatively small, reflecting the fact that Canadian trade policy was already highly protectionist: trade agreements can have heterogeneous effects on participants because the shocks involved are different. Compared with a free trade counterfactual, the impact of the overall structure of protection on Canadian imports was large.</div></div>","PeriodicalId":16276,"journal":{"name":"Journal of International Economics","volume":"153 ","pages":"Article 104024"},"PeriodicalIF":3.8,"publicationDate":"2024-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142720341","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Good connections : Bank specialization and the tariff elasticity of exports 良好的联系 ：银行专业化和出口关税弹性
IF 3.8 1区 经济学
Journal of International Economics Pub Date : 2024-11-01 DOI: 10.1016/j.jinteco.2024.104021
Antoine Berthou , Thierry Mayer , Jean-Stéphane Mésonnier
{"title":"Good connections : Bank specialization and the tariff elasticity of exports","authors":"Antoine Berthou ,&nbsp;Thierry Mayer ,&nbsp;Jean-Stéphane Mésonnier","doi":"10.1016/j.jinteco.2024.104021","DOIUrl":"10.1016/j.jinteco.2024.104021","url":null,"abstract":"<div><div>Banks support exporters in foreign markets by providing them with credit, trade finance instruments or information about business opportunities. Repeated interactions with clients allow them to develop an expertise in specific markets – a geographical specialization. We develop a theoretical model where the specialization of banks translates into lower export costs for their clients through both the cost of credit and an information channel. The model predicts that the geographical specialization of banks tends to amplify the response of firm-level exports to a trade liberalization episode. We test this prediction on detailed French export data, using the 2011 free trade agreement between the European Union and Korea as a quasi-natural experiment. We find that the tariff elasticity of exports is larger in absolute terms for exporters which are connected to banks with a specialization in Korea. The sector specialization of the banks also matters, but to a lesser extent.</div></div>","PeriodicalId":16276,"journal":{"name":"Journal of International Economics","volume":"152 ","pages":"Article 104021"},"PeriodicalIF":3.8,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142660285","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Cross-border shopping: Evidence and welfare implications for Switzerland 跨境购物：瑞士的证据和福利影响
IF 3.8 1区 经济学
Journal of International Economics Pub Date : 2024-11-01 DOI: 10.1016/j.jinteco.2024.104015
Ariel Burstein , Sarah Lein , Jonathan Vogel
{"title":"Cross-border shopping: Evidence and welfare implications for Switzerland","authors":"Ariel Burstein ,&nbsp;Sarah Lein ,&nbsp;Jonathan Vogel","doi":"10.1016/j.jinteco.2024.104015","DOIUrl":"10.1016/j.jinteco.2024.104015","url":null,"abstract":"<div><div>Consumers access foreign goods by purchasing them domestically or shopping abroad. We present new facts on cross-border shopping by Swiss households showing, for example, that prices of identical products are lower in neighboring countries, cross-border shopping shares fall with distance to the border, and price gaps and cross-border shopping shares rose following the 2015 Swiss Franc appreciation. We use a simple model of cross-border shopping to quantify how variation across space in cross-border shopping results in heterogeneous changes in cost-of-living in response to changes in international prices such as the 2015 Swiss Franc Appreciation and the 2020 Covid-19-related closing of the border.</div></div>","PeriodicalId":16276,"journal":{"name":"Journal of International Economics","volume":"152 ","pages":"Article 104015"},"PeriodicalIF":3.8,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142552133","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Modern advances in international trade
IF 3.8 1区 经济学
Journal of International Economics Pub Date : 2024-11-01 DOI: 10.1016/j.jinteco.2024.104020
Costas Arkolakis , Martin Uribe
{"title":"Modern advances in international trade","authors":"Costas Arkolakis ,&nbsp;Martin Uribe","doi":"10.1016/j.jinteco.2024.104020","DOIUrl":"10.1016/j.jinteco.2024.104020","url":null,"abstract":"","PeriodicalId":16276,"journal":{"name":"Journal of International Economics","volume":"152 ","pages":"Article 104020"},"PeriodicalIF":3.8,"publicationDate":"2024-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143132004","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信