International Trade with Fluctuating Prices
نویسندگان
چکیده
منابع مشابه
Asymmetric industrial energy prices and international trade
This paper measures the response of bilateral trade flows to differences in industrial energy prices across countries. Using a panel for the period 1996-2011 including 42 countries, 62 sectors and covering 60% of global merchandise trade, we estimate the short-run effects of sector-level energy price asymmetry on trade. We find that changes in relative energy prices have a statistically signifi...
متن کاملFactor Prices and International Trade: A Unifying Perspective
How do trade liberalizations a¤ect relative factor prices and to what extent do they cause factors to reallocate across sectors? We rst present a general accounting framework that nests a wide range of models that have been used to study the link between globalization and factor prices and from which we obtain two su¢ cient statistics that determine factor prices. Under some restrictions, chan...
متن کاملTrade and Prices with Heterogeneous Firms∗
This paper estimates a heterogeneous firms trade model using disaggregate data on export values and prices. Prices contain information about differences in product quality across firms and countries that helps identify key mechanisms in the model. Examining within-country variation in export prices across destination markets, I find that prices behave in a manner inconsistent with the benchmark...
متن کاملAcquisition Management Under Fluctuating Raw Material Prices
We study a continuous-review acquisition problem, in which the raw material price follows a discrete-state Markov process and demand is compound Poisson. We show that one optimal policy is of the order-up-to type. Under our mean reversion and time continuity conditions, we further show that the order-up-to levels are decreasing at the current price level. At the same time, our computational stu...
متن کاملInternational Trade with Lumpy Countries
International Trade with Lumpy Countries by Paul N. Courant and Alan V. Deardorff The University of Michigan This paper explores the implications for the pattern of international trade of various differences among regions within countries-what we call lumpiness. It is shown first that if factors of production are immobile among regions, and if they are sufficiently unevenly distributed across t...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Economic Review
سال: 1976
ISSN: 0020-6598
DOI: 10.2307/2526066