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Institutions and international trade:lessons from the commercial revolution。
Recent empirical work has found that firms do more innovation when they are exposed to more low-cost import competition (Bloom, Draca and Van Reenen, 2012). Why is it that they innovate after somethin...
In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors o...
We examine the impact of Chinese import competition on broad measures of technical change - patenting, IT and TFP – using new panel data across twelve European countries from 1996-2007. In particular,...
We analyze trade policy in a symmetric, two-country version of the Melitz-Ottaviano (2008) model. Our characterizations are ináuenced by three driving forces corresponding to the selection e§ect, the ...
This paper considers self-enforcing trade agreements among privately informed governments.A trade agreement that uses weak bindings (i.e., maximal tari§ levels) is shown to o§er advantages relative to...
美国力推的TPP谈判将确立继乌拉圭回合谈判之后的最新国际贸易规则,这将对国际贸易乃至国际经济体系产生深远影响。从推行全面市场开放到更完善的投资者保护,从对国有企业行为的规制到环境和劳工保护等新议题的引入,TPP将导致现行国际贸易规则体系的重大调整。中国对包括TPP在内的自由贸易协定持开放立场,对其“高标准”表示“理解”和“欢迎”,并对加入TPP谈判持积极和开放态度。但TPP代表的高标准贸易规则确实...
本文构建了融资约束条件下企业的进口决策模型,并基于2000-2006年中国工业企业数据与海关数据的匹配数据,检验了融资约束是否对企业的进口决策有显著的影响。本文对资本品进口和中间品进口加以区分,提出了两种不同性质的进口与企业融资约束之间关系的差异性。引入汇率因素,检验汇率变动对融资约束与中间品和资本品进口关系的影响。
This paper argues that international commercial agreements can enhance the credibility of trade liberalization by mitigating two problems – adverse selection and time-inconsistency – that sometimes ...
海合会国家是我国推进“一带一路”战略中的重要地区,本文重点分析了中国与海合会经贸关系的发展现状及中海FTA建设的主要障碍。2001~2013年,中国与海合会国家的双边贸易总额增长了近15倍,中国成为海合会第二大石油进口国,沙特、阿联酋是中国在中东地区排名第一和第二位的贸易伙伴。中国对海合会国家直接投资增长快,但规模较小,海合会对中国的投资集中于石化和金融领域,海合会国家是中国对外工程承包的重要市场...
The paper presents an overlapping-generations model where agents vote on whether to open or close the economy to international capital flows. Political decisions are shaped by the risk over capital an...
During the past twenty years, swap contracts have become key ®nancial ` adapters' linking diverse national ®nancial systems to the global ®nancial network. Today banks and investment co...
Less than a year after the first Nordic Globalization Barometer has been launched, the state of the world economy has changed dramatically. A deep financial crisis is taking its toll on investors, bor...
Recent research finds that voters do not have economically self-interested preferences about trade policy. This article investigates one potential explanation for this puzzling finding: economic i...
Barley malt beer is the world’s most consumed alcoholic drink and its industry represents a multibillion dollar international trade. The paper’s main goal is to contribute with the analysis of this in...

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