Why trade policy matters for firms’ R&D investment
With trade barriers rising, the time is right to refresh the evidence that openness to trade comes with substantial benefits. This column focuses on the complementarity between R&D and foreign sourcing. Looking at Norwegian firms from 1997 to 2005, it argues that one fifth of productivity growth came from sourcing more foreign products, while the remaining four fifths came from technical change.
The first global services trade restrictions database
Trade in services is a substantial yet poorly understood area of international trade. This column aims to fill part of the gap. It presents a new database on services trade across over 100 countries in nearly 20 sectors.
The shifting geography of global value chains: Implications for developing countries and trade policy
Fundamental changes to global value chains are afoot. This column argues that over the next decade the underlying cost structures driving their location could change dramatically. It presents a recent report on the political economy of value chains and the implications for developing countries and trade policy.
Effects of offshoring on jobs and skills: Evidence from Japan
Offshoring continues to be a controversial issue in many developed countries. This column provides evidence from Japan and argues that policymakers should not worry too much about the loss of jobs; while unskilled jobs are offshored, they are replaced with skilled jobs, leading to a more productive use of the domestic labour force.
Antidumping as cooperation
Antidumping tends to get no respect from economists. Many view the most popular import restriction among industrialised and middle-income economies today as politically-biased protectionism hiding behind the rhetoric of fair trade. This column challenges long-held perceptions by reinterpreting antidumping import restrictions as the grease that keeps the wheels of the liberal world trading system turning.
Other Recent Articles:
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- The curse of advanced economies in resolving banking crises
- Manifesto for a banking union by economists in Germany, Austria and Switzerland
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- EZ Banking Union: Who pays for past mistakes?
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- The tragic error of excessive austerity
- Europe’s banking union: Possible next steps on a bumpy path
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- Power sharing and institutional stability
- Deep integration in free trade agreements in China and India
- Cumulative innovation and market value: Evidence from patent citations
- Why the EU summit decisions may destabilise government bond markets
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Most Read
- One more summit: The crisis rolls onWyplosz
- The (other) deleveraging: What economists need to know about the modern money creation processSingh, Stella
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- The tragedy of the commons at the European Central BankTornell, Westermann
- Do oil prices help forecast real GDP?Kilian
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
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Vox Talks
Trust between Eurozone leaders can create self-fulfilling positive outcomes
Paul De Grauwe, 13 July 2012
Vox eBooks
Don't Miss
Manifesto for a banking union by economists in Germany, Austria and Switzerland
Michael Burda, Hans Peter Grüner, Frank Heinemann, Martin Hellwig, Mathias Hoffmann, Gerhard Illing, Hans‐Helmut Kotz, Tom Krebs, Jan Pieter Krahnen, Gernot Müller, Isabel Schnabel, Andreas Schabert, Moritz Schularick, Dennis J Snower, Uwe Sunde, Beatrice Weder di Mauro
CEPR Policy Research
- What causes banking crises?Minford, Le, Meenagh
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- Who needs the nation state?Rodrik
- School Meals as a Safety Net: An Evaluation of the Midday Meal Scheme in IndiaDercon, Park, Singh
- The Political Economy of Deforestation in the TropicsBurgess, Potapov, Sieber, Hansen, Olken
Events
- Unemployment, productivity and potential output: the aftermath of the crisis11 - 12 October 2012 / London / Bank of England and London School of Economics
- EBES 2012 Conference - Warsaw1 - 3 November 2012 / Warsaw, Poland / Eurasia Business and Economics Society
- 9th EBES Conference - Rome11 - 13 January 2013 / Rome, Italy / EBES (Eurasia Business and Economics Society)
- 2nd MoFiR Workshop on Banking7 - 8 March 2013 / Ancona (Italy) / Università Politecnica delle Marche and MoFiR
