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ISBN: 1451864159 1462327605 1451982992 9786613826480 1452706751 1283514036 Year: 2006 Publisher: Washington, D.C. : International Monetary Fund,
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This paper explores the effect of trade on the relative wage of less-skilled labor through its effect on world prices, which are typically exogenously given under the small open economy assumption. Using the 1995 international input-output data for APEC member countries, we numerically simulate a general equilibrium model to study the effects of abolishing existing tariffs under the assumption that each member country is large enough to affect the prices of goods and services produced in the region. We find that the responsiveness of prices plays an important role in easing a possible adverse effect of trade on relative wages.
Electronic books. -- local. --- Equilibrium (Economics) -- Econometric models. --- International trade -- Econometric models. --- Prices -- Econometric models. --- Wages -- Econometric models. --- Business & Economics --- Economic Theory --- Equilibrium (Economics) --- International trade --- Prices --- Wages --- Econometric models. --- Compensation --- Departmental salaries --- Earnings --- Pay --- Remuneration --- Salaries --- Wage-fund --- Wage rates --- Working class --- Income --- Labor costs --- Compensation management --- Cost and standard of living --- Exports and Imports --- Labor --- Taxation --- Neoclassical Models of Trade --- Empirical Studies of Trade --- Trade and Labor Market Interactions --- Existence and Stability Conditions of Equilibrium --- Trade Policy --- International Trade Organizations --- Wages, Compensation, and Labor Costs: General --- Trade: General --- Professional Labor Markets --- Occupational Licensing --- Wage Level and Structure --- Wage Differentials --- Labour --- income economics --- Public finance & taxation --- International economics --- Tariffs --- Imports --- Skilled labor --- Wage gap --- Taxes --- Tariff --- Labor market --- United States --- Income economics
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ISBN: 1475505191 1475582528 1475530048 Year: 2012 Publisher: Washington, D.C. : International Monetary Fund,
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A surge of exports in the 2000s helped Japan exit the severe decade-long stagnation known as the lost decade. Using panel data of Japanese exporting firms, we examine the sources of the export surge during this period. One view argues that the so-called "divine wind" or exogenous external demand boosted Japanese exports. The other view emphasizes the role of supply factors such as productivity gains, materialized after long-fought restructuring efforts during the lost decade. Estimating the firm-level export function allows us to assess the relative importance of these demand and supply factors. Evidence shows that firms' efforts were more important than the divine wind.
Exports --- Japan --- Economic conditions --- International trade --- Exports and Imports --- Infrastructure --- Production and Operations Management --- Financial Markets and the Macroeconomy --- Empirical Studies of Trade --- Innovation --- Research and Development --- Technological Change --- Intellectual Property Rights: General --- Trade: General --- Production --- Cost --- Capital and Total Factor Productivity --- Capacity --- Macroeconomics: Production --- Industry Studies: Transportation and Utilities: General --- International economics --- Macroeconomics --- Total factor productivity --- Export performance --- Productivity --- Transportation --- National accounts --- Industrial productivity --- Saving and investment --- China, People's Republic of
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ISSN: 22278885 ISBN: 9781475590401 1475590407 1475505191 9781475505191 1475530048 9781475530049 9781475505191 9781475530049 1475582528 9781475582529 Year: 2012 Publisher: [Washington, D.C.] International Monetary Fund
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A surge of exports in the 2000s helped Japan exit the severe decade-long stagnation known as the lost decade. Using panel data of Japanese exporting firms, we examine the sources of the export surge during this period. One view argues that the so-called "divine wind" or exogenous external demand boosted Japanese exports. The other view emphasizes the role of supply factors such as productivity gains, materialized after long-fought restructuring efforts during the lost decade. Estimating the firm-level export function allows us to assess the relative importance of these demand and supply factors. Evidence shows that firms' efforts were more important than the divine wind.
Business & Economics --- Economic History --- Exports --- Industrial productivity --- International trade
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