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Exchange Rate Regimes And Nominal Wage Comovements In A Dynamic Ricardian Model, Yao Tang, Yoshinori Kurokawa, Jiaren Pang
Exchange Rate Regimes And Nominal Wage Comovements In A Dynamic Ricardian Model, Yao Tang, Yoshinori Kurokawa, Jiaren Pang
Economics Department Working Paper Series
We construct a dynamic Ricardian model of trade with money and nominal exchange rate. The model implies that the nominal wages of the trading countries are more likely to exhibit stronger positive comovements when the countries fix their bilateral exchange rates. Panel regression results based on data from OECD countries from 1973 to 2012 suggest that countries in the European Monetary Union (EMU) experienced stronger positive wage comovements with their main trade partners. When we restrict the regression to the subsample of the EMU countries, we find a significant increase in wage comovements after these countries joined the EMU in …
Do African Immigrants Enhance Their Home Nations’ Trade With Their Hosts?, Roger White, Bedassa Tadesse
Do African Immigrants Enhance Their Home Nations’ Trade With Their Hosts?, Roger White, Bedassa Tadesse
Economics
Employing data on the immigrant stocks of 43 African home countries who reside in 110 host countries and on trade flows between these countries during the year 2005, we examine whether African immigrants exert positive effects on their home countries’ trade with the typical host country. Estimates from Tobit regression models indicate a one percent increase in the number of African immigrants in a given host country increases that country’s exports to and imports from the typical home country by 0.132 percent and 0.259 percent, respectively. Further evaluation of these effects from the perspective of each African home country reveals …
Go West Young Man: Self-Selection And Endogenous Property Rights, Taylor Jaworski, Bart J. Wilson
Go West Young Man: Self-Selection And Endogenous Property Rights, Taylor Jaworski, Bart J. Wilson
Economics Faculty Articles and Research
If, as Hume argues, property is a self-referring custom of a group of people, then property rights depend on how that group forms and orders itself. In this article we investigate how people construct a convention for property in an experiment in which groups of self-selected individuals can migrate between three geographically separate regions. To test a hypothesis of Demsetz's, we vary across two treatments the external benefits of migrating. We find that self-selection has a powerful effect on establishing conventions of property and begetting increases in wealth through exchange and specialization. We also find support for the Demsetz hypothesis.
Mission Accomplished: A Reply To Reuveny And Keshk, Cullen F. Goenner
Mission Accomplished: A Reply To Reuveny And Keshk, Cullen F. Goenner
Economics & Finance Faculty Publications
Reuveny and Keshk (“Reconsidering trade and conflict simultaneity: The risk of emphasizing technique over substance,” this issue, 2013) argue that the econometric techniques used by Goenner (Conflict Management and Peace Science 28(5): 459–477, 2011) to test and control for endogeneity when estimating the relationship between trade and conflict lack substance. Both sets of authors propose the use of instrumental variable methods, which are known by econometricians to be the natural remedy for estimation with potentially endogenous regressors. Where Goenner (2011) and Reuveny and Keshk (2013) agree is that theory should guide variable selection and the model’s specification. Yet they …
The Nature Of Aggregate And Regional Canada-Us Trade (1990-2011), Steven Globerman, Paul Storer
The Nature Of Aggregate And Regional Canada-Us Trade (1990-2011), Steven Globerman, Paul Storer
Border Policy Research Institute Publications
The impact of post-9/11 border security developments on Canada-U.S. trade has been the focus of much attention in recent years. The available evidence suggests that both U.S. exports and imports with Canada grew more slowly after 9/11 than would otherwise have been the case.
Monitoring The Impacts Of Trade Agreements On Food Environments, Sharon Friel, Libby Hattersley, W Snowdon, A -M Thow, T Lobstein, D Sanders, S Barquera, S Mohan, C Hawkes, Bridget Kelly, S Kumanyika, M L'Abbe, A Lee, J Ma, J Macmullan, C Monteiro, Bruce Neal, M Rayner, G Sacks, Boyd A. Swinburn, S Vandevijvere, C Walker
Monitoring The Impacts Of Trade Agreements On Food Environments, Sharon Friel, Libby Hattersley, W Snowdon, A -M Thow, T Lobstein, D Sanders, S Barquera, S Mohan, C Hawkes, Bridget Kelly, S Kumanyika, M L'Abbe, A Lee, J Ma, J Macmullan, C Monteiro, Bruce Neal, M Rayner, G Sacks, Boyd A. Swinburn, S Vandevijvere, C Walker
Faculty of Social Sciences - Papers (Archive)
The liberalization of international trade and foreign direct investment through multilateral, regional and bilateral agreements has had profound implications for the structure and nature of food systems, and therefore, for the availability, nutritional quality, accessibility, price and promotion of foods in different locations. Public health attention has only relatively recently turned to the links between trade and investment agreements, diets and health, and there is currently no systematic monitoring of this area. This paper reviews the available evidence on the links between trade agreements, food environments and diets from an obesity and non-communicable disease (NCD) perspective. Based on the key …
Washington Connecting To Canada: Flow Of Goods, David L. (David Lindsay) Davidson, Ian Faulds
Washington Connecting To Canada: Flow Of Goods, David L. (David Lindsay) Davidson, Ian Faulds
Border Policy Research Institute Publications
There is a dense web of connections between the state of Washington and its northern neighbor, Canada. This article catalogs the transportation modes that connect the two and then explores the way in which goods flow between Washington and Canada across and through those connections. As seen in the sidebar figure, Canada is the 3rd -ranked destination of Washington’s exports and the largest source (by far) of imports. The conveyance of goods between these trade partners is of vital interest to both, so the methods of conveyance deserve some attention. A future issue of the Border Policy Brief will examine …
Career Guide: Wholesale And Retail Trade Policy Brief (Wrt), Paulynne J. Castillo, Christopher James R. Cabuay
Career Guide: Wholesale And Retail Trade Policy Brief (Wrt), Paulynne J. Castillo, Christopher James R. Cabuay
Angelo King Institute for Economic and Business Studies (AKI)
The WRT industry is a leading employer in the Philippines, with an annual average of 18-19% of total Philippine employment from 2006-2010. It contributed an average of 16.85% annually to the country’s gross domestic product, 2006- 2009. The wholesale subsector’s share was an average of 3.98% annually, while the retail subsector’s was an average of 12.87% annually. WRT is poised to continuously support the country’s bid to sustain economic growth and be a dominant force in the labor market.