| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28315 |
| 来源ID | Working Paper 28315 |
| Globalization, Trade Imbalances and Labor Market Adjustment | |
| Rafael Dix-Carneiro; João Paulo Pessoa; Ricardo M. Reyes-Heroles; Sharon Traiberman | |
| 发表日期 | 2021-01-11 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We argue that modeling trade imbalances is crucial to understanding transitional dynamics in response to globalization shocks. We build and estimate a general equilibrium, multi-country, multi-sector model of trade with two key ingredients: (a) endogenous trade imbalances arising from households' consumption and saving decisions; (b) labor market frictions across and within sectors. We use our model to perform several empirical exercises. We find that the “China shock” accounted for 25% of the decline in US manufacturing between 2000 and 2014—twice the magnitude predicted from a model imposing balanced trade. A concurrent rise in US service employment led to a negligible aggregate unemployment response. We then benchmark our model's predictions for the gains from trade against the popular “ACR” sufficient statistics approach. We find that our predictions for the long-run gains from trade and consumption dynamics significantly diverge. |
| 主题 | International Economics ; Trade |
| URL | https://www.nber.org/papers/w28315 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585988 |
| 推荐引用方式 GB/T 7714 | Rafael Dix-Carneiro,João Paulo Pessoa,Ricardo M. Reyes-Heroles,et al. Globalization, Trade Imbalances and Labor Market Adjustment. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28315.pdf（3058KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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