Search Results

Showing results 1 to 10 of approximately 39.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:international trade 

Working Paper
Knowledge Diffusion, Trade and Innovation across Countries and Sectors

We provide a unified framework for quantifying the cross-country and cross-sector interactions among trade, innovation, and knowledge diffusion. We study the effect of trade liberalization in an endogenous growth model in which comparative advantage and the stock of knowledge are determined by innovation and diffusion. We calibrate the model to match observed cross-country and cross-sector heterogeneity in production, innovation efficiency and knowledge spillovers. Our counterfactual analysis shows that a reduction in trade costs induces a re-allocation of R&D and comparative advantage across ...
Working Papers , Paper 2017-029

Working Paper
Firms in international trade

Firms play a critical role in the global economy. In this paper, we survey the behavior of firms in the international economy, both in theory and in the data. We first summarize the key empirical facts that motivate the study of firms in trade. Then, we detail recent theoretical developments on the micro-foundations of firm behavior in an international context, focusing on how firms select into exporting, and how firms respond to international shocks. Finally, we turn to a ?real world,? empirically focused view of exporting, beginning with the growth dynamics of firms expanding to global ...
Working Papers , Paper 16-25

Working Paper
Financial Development and International Trade

This paper studies the industry-level and aggregate implications of financial development on international trade. I set up a multi-industry general equilibrium model of international trade with input-output linkages and heterogeneous firms subject to financial frictions. Industries differ in capital-intensity, which leads to differences in external finance dependence. The model is parameterized to match key features of firm-level data. Financial development leads to substantial reallocation of international trade shares from labor- to capital-intensive industries, with minor effects at the ...
Working Papers , Paper 2018-015

Working Paper
Intellectual Property, Tariffs, and International Trade Dynamics

The emergence of global value chains not only leads to a magnification of trade in intermediate inputs but also to an extensive technology diffusion among the different production units involved in arms-length relationships. In this context, the lack of enforcement of intellectual property rights has recently become a highly controversial subject of debate in the context of the China-U.S. trade negotiations. This paper analyzes the strategic interaction of tariff policies and the enforcement of intellectual property rights within a quantitative general equilibrium framework. Results indicate ...
FRB Atlanta Working Paper , Paper 2019-10

Critical Goods and International Trade Dependence in the U.S.

Communications and IT are two critical sectors of the U.S. economy that are most reliant on international trade.
On the Economy

Discussion Paper
Does a Data Quirk Inflate China’s Travel Services Deficit?

Chinese residents are increasingly traveling to see the rest of the world, logging a total of 162 million foreign visits in 2018, up from 57 million in 2010. Increased travel spending by Chinese residents is acting to reduce the country's trade surplus because such spending is counted as a services import. However, there appears to be a quirk in the Chinese data that results in a significant understatement of the offsetting spending by visitors to China (a services export). According to other Chinese data, this understatement totaled $85 billion in 2018. If so, China's deficit in travel ...
Liberty Street Economics , Paper 20190807

Report
Annual Report 2022: The Shifting Tides of Global Trade

The St. Louis Fed’s 2022 annual report examines the trends in international trade and globalization with comments and insight from Bank leaders.
Annual Report

Journal Article
The Economic Impact of COVID-19 around the World

This article provides an account of the worldwide economic impact of the COVID-19 shock. In 2020, it severely impacted output growth and employment, particularly in middle-income countries. Governments responded primarily by increasing expenditure, supported by an expansion of the supply of money and debt. These policies did not put upward pressure on prices until 2021. International trade was severely disrupted across all regions in 2020 but subsequently recovered. For 2021, we find that the adverse effects of the COVID-19 shock on output and prices were significant and persistent, ...
Review , Volume 105 , Issue 2 , Pages 74-88

Journal Article
US Barriers to International Trade of Goods: Tariffs and Non-Tariff Measures

US imports are obstructed by both tariffs and non-tariff measures, which vary significantly across industries.
Economic Synopses , Issue 9 , Pages 3 pages

Report
U.S. Market Concentration and Import Competition

A rapidly growing literature has shown that market concentration among domestic firms has increased in the United States over the last three decades. Using confidential census data for the manufacturing sector, we show that typical measures of concentration, once adjusted for sales by foreign exporters, actually stayed constant between 1992 and 2012. We reconcile these findings by linking part of the increase in domestic concentration to import competition. Although concentration among U.S.-based firms rose, the growth of foreign firms, mostly at the bottom of the sales distribution, ...
Staff Reports , Paper 968

FILTER BY year

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

F1 11 items

F41 5 items

F10 4 items

F12 4 items

F14 4 items

F4 4 items

show more (47)

FILTER BY Keywords

international trade 39 items

COVID-19 6 items

inflation 4 items

trade policy 4 items

globalization 4 items

Knowledge spillovers 3 items

show more (95)

PREVIOUS / NEXT