CO2 reduction targets tend to be set in terms of the amount of pollution emitted within a given region. However, there is increasing public and policy interest in the notion of a carbon footprint, or CO2 generated globally to serve final consumption demand within a region. This raises an issue in that, despite the local economic benefits, the latter involves effectively absolving the region of ...

An important feature of the data on new exporters is the evolution over time of their export size and exit rate. As the exporting age of firms increases, their average export volumes grow and the exit rate decreases. In particular, we observe cases of new exporters expanding slowly initially, and switching to high levels of exports after some time. I propose a quantitative model of active learn...

How does an unexpected domestic monetary expansion affect the foreign economy? Does it induce an increase or a decline in foreign production? In the traditional two-country Mundell-Fleming model, monetary policy has «beggar-thy-neighbor» effects. Yet, empirical evidence from VARs indicates that U.S. monetary policy has positive international transmission effects on both foreign (non-U.S. G-7) o...

In this paper we use micro data on both trade and production for a sample of large Chinese manufacturing …rms in the footwear industry from 2002-2006 to estimate an empirical model of export demand, pricing, and market participation by destination market. We use the model to construct indexes of …rm-level demand, marginal cost, and …xed cost. The empirical results indicate substantial …rm heter...

The driving forces of China's Economic Growth are investigated in this paper based on the 1997、 2002 and 2007 input-output data and the following conclusions are gotten: (1) The sources of China’s economics growth during 1997-2007 was mainly from the pull effect of final demands.(2) The deriving forces are different among sectors. The sources of China’s agriculture and tertiary industry during ...