Showing papers by "Robert C. Feenstra published in 2002"
TL;DR: The NBER trade dataset was updated in 2001 to provide U.S. import and export values to the year 2001, disaggregated by Harmonized System (HS), Standard International Trade Classification (SITC), and the SIC categories as mentioned in this paper.
Abstract: This paper describes the updating of the NBER trade dataset, which now provides U.S. import and export values to the year 2001, disaggregated by Harmonized System (HS), Standard International Trade Classification (SITC), and the U.S. Standard Industrial Classification (SIC) categories. In addition, U.S. tariff data at the HS level have been added for the years 1989-2001. Earlier CD-ROMs distributed by the NBER described data on U.S. imports and exports from 1972-1994, and these values have been slightly modified for 1989-1994 and then updated to 2001. Together with the earlier data, there are now 30 years of disaggregate U.S. trade data available to researchers.
444 citations
TL;DR: In this paper, the authors compare three methods to derive the gravity equation: published data on price indexes, using the computational method of Anderson and van Wincoop (2001), or using country fixed effects to measure the price indexes.
Abstract: The CES monopolistic competition model is an especially convenient way to derive the gravity equation, especially when we allow for transport costs and other trade barriers. In that case, we need to take account of the overall price indexes in each country. We review three methods to do so: using published data on price indexes; using the computational method of Anderson and van Wincoop (2001); or using country fixed effects to measure the price indexes. The latter two methods are compared on the dataset dealing with trade between and within Canada and the US. The fixed effects method produces consistent estimates of the average border effect across countries, and is simple to implement, so it might be considered to be the preferred estimation method. Copyright 2002 by Scottish Economic Society.
374 citations
TL;DR: In this article, a model drawing on Grossman and Helpman [Am. Econ. Rev. 84 (1994) 833; The Political Economy of Trade Policy: Papers in Honor of Jagdish Bhagwati, MIT Press, Cambridge (1996) 199] is used to derive an empirically estimable government objective function.
139 citations
Posted Content•
TL;DR: The NBER trade dataset was updated in 2001 to provide U.S. import and export values to the year 2001, disaggregated by Harmonized System (HS), Standard International Trade Classification (SITC), and the SIC categories as discussed by the authors.
Abstract: This paper describes the updating of the NBER trade dataset, which now provides U.S. import and export values to the year 2001, disaggregated by Harmonized System (HS), Standard International Trade Classification (SITC), and the U.S. Standard Industrial Classification (SIC) categories. In addition, U.S. tariff data at the HS level have been added for the years 1989-2001. Earlier CD-ROMs distributed by the NBER described data on U.S. imports and exports from 1972-1994, and these values have been slightly modified for 1989-1994 and then updated to 2001. Together with the earlier data, there are now 30 years of disaggregate U.S. trade data available to researchers.
100 citations
Posted Content•
TL;DR: In this article, the authors estimate the benefits to countries that purchase goods from China of having access to intermediary services provided by Hong Kong, and they find that gains from using intermediary services provide 16% of the value of goods that China exports to other countries through Hong Kong.
Abstract: In this paper, we estimate the benefits to countries that purchase goods from China of having access to intermediary services provided by Hong Kong. Traders in Hong Kong supply information on markets and producers in China, which provides welfare gains to foreign firms using these services. During the 1990s, Hong Kong intermediated about half of the goods that China exported to the rest of the world. Our results suggests that gains to intermediary services provided by Hong Kong equal 16% of the value of goods that China exports to other countries through Hong Kong, and range between 10% and 21% of this export value for various manufacturing goods and across different years.
37 citations
01 May 2002
TL;DR: In this paper, the authors present a model of industrial organization that has multiple stable equilibria and argue that the high-concentration equilibrium describes Korea's economy and the low-consistency equilibrium describes Taiwan's economy, which explains why the 1996 collapse in semiconductor prices caused the less diversified Korean economy to contract more than the more diversified Taiwanese economy.
Abstract: We present a model of industrial organization that has multiple stable equilibria and argue that the high-concentration equilibrium describes Korea's economy and the low-concentration equilibrium describes Taiwan's economy. Past industrial policy of the state may have put Korea's economy in the high-concentration equilibrium, but discontinuation of the policy did not cause the industrial organization to change because this is an economically viable equilibrium. The high-concentration equilibrium produces a narrower range of final goods than the low-concentration equilibrium, which explains why the 1996 collapse in semiconductor prices caused the less diversified Korean economy to contract more than the more diversified Taiwanese economy. More importantly, this collapse in demand caused Korea's economy to move to a new equilibrium that has a smaller number of business groups, as evidenced by the collapse of the second-tier chaebol and their absorption into the first-tier chaebol. This wave of bankruptcies,...
20 citations
Posted Content•
TL;DR: In this paper, the authors estimate the benefits to countries that purchase goods from China of having access to intermediary services provided by Hong Kong, and they find that gains from using intermediary services provide 16% of the value of goods that China exports to other countries through Hong Kong.
Abstract: In this paper, we estimate the benefits to countries that purchase goods from China of having access to intermediary services provided by Hong Kong. Traders in Hong Kong supply information on markets and producers in China, which provides welfare gains to foreign firms using these services. During the 1990s, Hong Kong intermediated about half of the goods that China exported to the rest of the world. Our results suggests that gains to intermediary services provided by Hong Kong equal 16% of the value of goods that China exports to other countries through Hong Kong, and range between 10% and 21% of this export value for various manufacturing goods and across different years.
6 citations