We provide an analysis of the 2008-2009 trade collapse using microdata from a small open economy, Belgium. First, we find that changes in firm-country-product exports and imports occurred mostly at the intensive margin: the number of firms, the average number of destination and origin markets per firm, and the average number of products per market changed only very little. Second, econometric a...

To reduce the health security risk and impact of outbreaks around the world, the US Centers for Disease Control and Prevention and its partners are building capabilities to prevent, detect, and contain outbreaks in 49 global health security priority countries. We examine the extent of economic vulnerability to the US export economy posed by trade disruptions in these 49 countries. Using 2015 US...

Tropical Instability Waves (TIW) have been suggested to fertilize the equatorial Pacific in iron leading to enhanced ecosystem activity. Using a coupled dynamical–biogeochemical model, we show that contrary to this suggestion, TIWs induce a decrease of iron concentration by 20% at the equator and by about 3% over the “TIW box” [90°W180, 5°N-5°S]. Chlorophyll decreases by 10% at the equator and ...

As a management tool for addressing water consumption issues, footprints have become increasingly utilized on scales ranging from global to personal. A question posed by this paper is whether water footprint data that are routinely compiled for particular regions may be used to assess the effectiveness of actions taken by local residents to conserve local water resources. The current California...

Population growth is in general constrained by food production, which in turn depends on the access to water resources. At a country level, some populations use more water than they control because of their ability to import food and the virtual water required for its production. Here, we investigate the dependence of demographic growth on available water resources for exporting and importing n...

Abstract This paper introduces asymmetric demand into an open-economy model. Domestic industries exhibit different export capabilities, and the export market attaches different preferences to them. My model shows how exports influence the market structure and productivity growth. If an industry exports more, the firms within the industry would face a higher domestic-market but lower export-mark...

Picture a small open economy in the North Atlantic Ocean, highly dependent on trade with the EU and NAFTA. How important are these trading blocs to the country’s exports? How important is the country’s location and size, and how do these affect the export sectors? A unique version of the gravity model is applied here using an inverse hyperbolic sine function. Typically, the export volume is sig...

This paper considers the implications of relationship-specific investment within keiretsu for policies aimed at opening the Japanese market for intermediate goods, such as auto-parts. Both VIEs applied to parts and VERs restricting Japanese exports of autos cause the keiretsu to import a wider range of parts, but of a relatively unimportant type, such as seat covers. Since keiretsu investment a...

Using Vector Autoregressions on U.S. time series, the present paper documents the effects of fiscal policy on foreign trade: an increase in government spending significantly depreciates the nominal exchange rate, appreciates the terms of trade and increases net exports. Exposed to the same spending shock, a New Keynesian general equilibrium model is shown to match qualitatively the response of ...

The prevalence of mobile platforms, the large market share of Android, plus the openness of the Android Market makes it a hot target for malware attacks. Once a malware sample has been identified, it is critical to quickly reveal its malicious intent and inner workings. In this paper we present DroidScope, an Android analysis platform that continues the tradition of virtualization-based malware...