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Tuesday, July 21, 2020 | History

4 edition of Trade, diffusion and the gains from openness found in the catalog.

Trade, diffusion and the gains from openness

AndreМЃs RodriМЃguez-Clare

Trade, diffusion and the gains from openness

by AndreМЃs RodriМЃguez-Clare

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  • 36 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English


Edition Notes

StatementAndres Rodriguez-Clare.
SeriesNBER working paper series -- working paper 13662, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13662.
ContributionsNational Bureau of Economic Research.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL17088686M
LC Control Number2008612402

  The Gains from Trade and the Gains from Aid book. Essays in International Trade Theory. The Gains from Trade and the Gains from Aid. The international diffusion of the fruits of technical progress. View abstract. part | 2 pages. Part II: The gains from restricted trade . The model is calibrated to match aggregate U.S. trade data, and used to quantify the gains arising from vertical multinational production and intrafirm trade. The computed gains are small (about 1.

We present models in the literature that extend the EK model of trade to innovation, diffusion, and multinational firms, and examine the implications for counterfactuals related to the gains from trade. We finalize with new directions for research. March Trade . Trade openness measures the level of integration into the world economy and is included in the model to capture the channel of diffusion of technological innovations and know-how (Xu and Chiang.

  Moreover, openness provides access to knowledge and ideas which in turn drives further innovation, the diffusion of technology and additional productivity gains. However, openness does entail adjustment costs, particularly when an economy opens quickly and dramatically.   The slowdown of global trade growth since the Global Crisis has raised concerns across the world. This column puts recent changes into perspective by presenting evidence on the export/GDP ratio and a rough measure of the gains from trade back to It shows that the interwar period was marked by a reversal of globalisation that makes recent trends look like a small blip.


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Trade, diffusion and the gains from openness by AndreМЃs RodriМЃguez-Clare Download PDF EPUB FB2

But the gains from openness, which includes not only trade but all the other ways through which countries interact, are arguably much higher than the gains from trade. This paper presents and then calibrates a model where countries interact through trade as well as diffusion of ideas, and then quantifies the overall gains from openness and the role of trade in generating these by: The main Trade of the paper is that, compared to the model without diffusion, the gains from openness are much larger (%%) and the gains from trade are smaller (13%%) when diffusion is included in the model.

This last result is a consequence of a novel feature of the model, namely that trade and diffusion areCited by: Trade, Diffusion and the Gains from Trade.

Andres Rodriguez-Clare. NBER Working Paper No. Issued in December Recent Books Earlier Books (by decade) Browse books by Series Chapters from Books In Process Free Publications Bulletin on Retirement and DisabilityCited by: The main result of the paper is that, compared to the model without diffusion, the gains from openness are much larger (%%) and the gains from trade are smaller (13%%) when diffusion is included in the model.

Trade, Di⁄usion and the Gains from Openness. Andres Rodríguez-Clare Pennsylvania State University and NBER November. Abstract Building on Eaton and Kortum™s () model of Ricardian trade, Alvarez and Lucas () calculate that a small country representing 1% of the world™s GDP experiences a gain of 41% as it goes from autarky to frictionless trade with the rest of the world.

The main result of the paper is that, compared to the model without diffusion, the gains from openness are much larger (%%) and the gains from trade are smaller (13%%) when diffusion is Author: Andrés Rodríguez-Clare. But the gains from openness, which includes not only trade but all the other ways through which countries interact, are arguably much higher than the gains from trade.

This paper presents and then calibrates a model where countries interact through trade and diffusion of ideas, and then quantifies the overall gains from openness and the contribution of trade to these gains. Invention is a fundamental driver of growth in living standards around the world.

Trade and technology diffusion are two ways the benefit of an invention spreads to other countries. Impediments to diffusion give rise to differences in living standards and to comparative advantage in production, providing an incentive to trade. Equilibrium Technology Diffusion, Trade, and Growth Jesse Perla University of British Columbia gains from trade by increasing an inefficiently low rate of technology adoption and economic growth.

First, openness leads to the cross-country diffusion of new and better ideas. Second, opening to trade increases the size of the market.

‘That the creation and diffusion of technological knowledge is at the heart of modern economic growth is now widely accepted’ (Jacob Schmookler, ). Rodriguez-Clare, A. Trade, diffusion, and the gains from openness. Mimeo, Pennsylvania State University.

Romer, P.M. Endogenous technical change. Buy this book on. trade and di⁄usion of ideas, and then to quantify the overall gains from openness and the role of trade in generating these gains. The main result is that the gains from trade are smaller than those quanti–ed by Alvarez and Lucas (between 13% and 24% rather than 41% for a country.

Examples of Trade and Cultural Diffusion: 1. The Phoenicians are often referred to as the “carriers of civilization” because they traded goods and spread ideas throughout the Mediterranean region. The Phoenicians were an early trading civilization located in present day Lebanon and Syria along the Mediterranean.

They produced various products, such as glass, papyrus scrolls, and dyes, and. This paper quantifies the gains from openness arising from trade and multinational production ðMPÞ. We present a model that captures key dimensions of the interaction between these two flows: trade and MP enhances international technology diffusion.9 In contrast to this result for the gains from trade, the gains from MP calculated in.

This paper quantifies the gains from openness arising from trade and multinational production (MP). We present a model that captures key dimensions of the interaction between these two flows: trade and MP are competing ways to serve a foreign market, MP relies on imports of intermediate goods from the home country, and foreign affiliates of multinationals can export part of their output.

Ellen R. McGrattan & Edward C. Prescott, " Openness, technology capital, and development," Working PapersFederal Reserve Bank of Minneapolis, revised Edward Prescott & Ellen McGrattan, " Openness, Technology Capital, and Development," Meeting PapersSociety for Economic Dynamics.

Natalia Ramondo & Andrés Rodríguez-Clare, "Trade, Multinational Production, and the Gains from Openness," Journal of Political Economy, University of Chicago Press, vol.

(2), pages overall gains from openness and the role of both of these channels in generating those gains. Our results imply that the gains from openness are much larger than the gains from trade { this is thanks to the large gains from MP, but these gains from trade are larger than the ones calculated using models with only trade.

"Gains From Trade under Monopolistic Competition: The Translog-Pareto Case" (with Costas Arkolakis and Arnaud Costinot), September "Marshallian Externalities, Comparative Advantage, and International Trade" (with Gary Lyn), November "Trade, Diffusion, and the Gains from Openness," November (first version November ).

Abstract Argentina’s economy and society underwent dramatic changes during the s. The economy entered a period of higher growth and low inflation after the Convertibility Plan created a currency board and the economy was liberalized, privatized and deregulated. Openness and gains from trade at their peak in were substantially higher than in and the gap is substantially greater if one considers only tradables.

Furthermore, the second globalisation should be compared to the period rather than to. This study investigates how trade openness affects economic growth in developing countries, with a focus on sub-Saharan Africa (SSA).

We use a dynamic growth model with data from 42 SSA countries covering to We employ the Pooled Mean Group estimation technique, which is appropriate for drawing conclusions from dynamic heterogeneous panels.Trade openness is another determinant that is generally accepted to play a role in the determination of currency crises.

Several studies find that greater trade integration reduces a country's financial fragility and the likelihood of a currency crisis by increasing both the ability and willingness to service external obligations (IMF, b).A greater export ratio decreases the likelihood of.This specialization pattern leads to uneven regional effects of international trade.

Higher openness, triggered by a reduction in either international or internal trade titatively study the gains from trade and technology diffusion allowing for multiple regions within countries in the Eaton and Kortum ) model. Redding (().