exchange rate has the fundamental role as one of the economy key variables in determining the domestic price. so it is important to know how is the empirical relationship between the exchange rate and domestic prices and the factors influencing this relationship. the main objective of this study is to determine the effect of vehichel imports share on the exchange rate pass – through on domestic...

Recent theoretical models show that international trade can induce within-industry skillupgrading by raising R&D intensity and creating skill-biased technologies. This paper tests this assertion by estimating the effect of rising import shares on wage shares for 4-digit SIC US manufacturing industries. Using Arellano-Bond estimation to account for the endogeneity of imports, I find that neither...

The UK textile industry was very prosperous in the past but in the 1970s Britain started to import textile materials from abroad. Since 1990, half of its textile materials have been imported from the EEA (European Economic Area), ASEAN (Association of Southeast Asian Nations) and North America countries. Meanwhile, UK imports from China have increased dramatically. Through comparisons, this pap...

Exchange rate policy has assumed an added importance in recent years due to changing global economic conditions. This paper has examined the foreign exchange reserves, real and effective exchange rate response of imports demand in Pakistan using both classical and time series econometrics approaches. The real depreciation of the exchange rate has been found to have dampening impact on import de...

Knowledge accumulation in the richer countries provides them with comparative advantages in higher productivity products. The countries that import the higher productivity intermediate products and capital equipments produced in the richer countries, however, derive benefits from knowledge spillovers. The empirical analysis in this paper shows that what type of intermediate goods and capital eq...

We examine the role of international trade in the reallocation of U.S. manufacturing within and across industries from 1977 to 1997. Motivated by the factor proportions framework, we introduce a new measure of industry exposure to international trade that focuses on where imports originate rather than on their overall level. Across industries, we find that plant survival and growth are negative...

The relationship between economic openness and welfare policies has become increasingly important to policy makers. While scholars have tended to examine conditions under which budgets for social welfare programs ebb and flow along with countries’ exposure to trade, they have overlooked how governments may compensate domestic labor by subsidizing their employers. To explicitly address the issue...

Since the early 1990s, Cuba has experienced serious economic problems that resulted from the demise of the Soviet Union and the disappearance of the Council for Mutual Economic Assistance (CMEA), the economic and financial system in which the island was inserted. At end of the 1980s, some 81% of Cuba’s external commercial relations were with the member countries of the CMEA. In 1989, Cuba expor...