Interdependence in Multinational Production Networks
Most multinational firms today operate multilateral production networks. Most existing empirical analyses, however, have focused on firms' choice between......
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Interdependence in Multinational Production Networks
Most multinational firms today operate multilateral production networks. Most existing empirical analyses, however, have focused on firms' choice between......
Patent Protection and Strategic Delays in Technology Development: Implications for Economic Growth
We present an endogenous growth model in which both the investment to develop a new technology—that upgrades the quality of machines—and entry of imitators..
To Sell or Not to Sell: List Price, Transaction Price and Marketing Time in the Housing Market
This paper specifies and estimates a structural model of home seller behavior. The model is an application of search theory to housing and is estimated using....
Autonomous Adaptation to Climate Change: A Literature Review
Study on climate change has long focused on mitigation. But regardless of how much mitigation is achieved or will be achieved, the climate is already changing....
Implementing Carbon Tariffs: A Fool’s Errand?
Some governments are considering taxes on imports based on carbon content from countries that have not introduced climate change policies. Such carbon border.....
Surviving the Global Financial Crisis: Foreign Direct Investment and Establishment Performance
We examine in this paper the di¤erential response of establishments to the global nancial crisis, with particular emphasis on the role of foreign direct......
Third Country Effects on the Formation of Free Trade Agreements
The recent proliferation of free trade agreements (FTAs) has resulted in an increasingly complex network of preferential trading relationships. The economics.....
Third Country Effects on the Formation of Free Trade Agreements
The recent proliferation of free trade agreements (FTAs) has resulted in an increasingly complex network of preferential trading relationships. The economics...
Taxes, Prisons, and CFOs: The Effects of Increased Punishment on Corporate Tax Compliance in Ecuador
This paper takes advantage of a rich firm level data set from Ecuador to analyze the effects of a reform in 2007 that introduced imprisonment for tax evasion..
The Foster-Greer-Thorbecke (FGT) Poverty Measures: Twenty-Five Years Later
Twenty-five years ago, the FGT class of decomposable poverty measures was introduced in Foster, Greer, and Thorbecke [54]. The present study provides a retrospective...
We introduce new approaches to research on poverty traps, focusing on changes in patterns of equilibria over time and across regions, applied to the Ethiopia....
Freedom, Opportunity and Wellbeing
This paper reexamines key results from the measurement of opportunity freedom, or the extent to which a set of options offers a decision maker real opportunities....
Do Cheaters Bunch Together? Profit Taxes, Withholding Rates and Tax Evasion
We use firm-level administrative data from Ecuador to study the implications of ‘reverse withholding’ for firms’ tax behavior. Withholding does not affect tax....
On Measuring Vulnerability to Poverty
There is a growing interest on dynamic and broader concepts of deprivation such as vulnerability, which takes in to account the destitution of individuals from...
Unexpected Bedfellows: The GATT, the WTO, and Some Democratic Rights
The world’s most misunderstood international institution, the World Trade Organization (WTO) sits in a grand palace on the shores of Lake Geneva. This.....
How China’s Employment Problems Became Trade Problems: China, Labour Law and the Rule of Law
In this article, I focus on the potential trade spillovers of Chinese policies to maintain employment. Chinese leaders are determined to maintain employment and...
How Well Does ‘Core’ CPI Measure Long-Run Inflation
We decompose core CPI and the food and energy CPI measures into permanent and transitory components using a correlated unobserved components model, to examine...
Nigeria is awash in oil; Mali is flush with gold reserves; and Peru has abundant copper. These resources belong to the people, and thus, Nigerians, Malians, and..
Conditional Cash Transfers (CCTs) can be an important component of social protection policy and there is “…considerable evidence that CCTs have improved the....
How Well Does “Core” CPI Capture Permanent Price Changes?
We decompose core CPI and the food and energy CPI measures into permanent and transitory components using a correlated unobserved components model, to examine....
Climate Change and the World Trading System
Dr. Steve Charnovitz – GWU Gary Clyde Hufbauer and Jisun Kim – Peterson Institute This event was made possible by a generous grant........
Location Decision of Heterogeneous Multinational Firms
We examine how multinational rms with heterogeneous total factor productivity (TFP) self-select into di¤erent host countries. Both aggregate- and rm-level..............
Aggregate Income Shocks and Infant Mortality in the Developing World
Health and income are strongly correlated both within and across countries, yet the extent to which improvements in income have a causal effect on health status....
Lazy Banks? Government Borrowing and Private Credit: Evidence from Developing Countries
When government borrows one dollar from domestic banking sector, how much does it reduce private credit in developing countries? There is surprisingly no.....
Can the Fed Predict the State of the Economy
Recent research has documented that the Federal Reserve produces systematic errors in forecasting inflation, real GDP growth, and the unemployment rate, even...