4,886 research outputs found

    Firms’ location Under taste and demand heterogeneity

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    In this paper we build a quality-augmented version of an economic geography model where consumers have heterogenous tastes for a set of manufacturing varieties. We discuss a footloose capital model and a footloose entrepreneur model. We show that firms selling the goods with higher values select the region hosting the largest number of consumers. Larger countries thus get better access to the higher quality products. We also show that the effect of spatial selection on firms' spatial distribution crucially depends on the properties of the taste distribution across varieties. Finally, we show that taste heterogeneity smooths the agglomeration patterns but that it should be considered neither as a dispersion force nor as an agglomeration force. Indeed, the introduction of taste heterogeneity makes an initially dispersed economy less dispersed and an initially agglomerated economy less agglomerated.heterogeneous taste and quality, spatial selection, economic geography, agglomeration, home market effect.

    An Econometric Analysis of Trade Diversion under NAFTA

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    We provide an econometric analysis of whether or not the tariff preferences extended to Canada and Mexico under NAFTA may have resulted in trade diversion. A review of previous studies, both descriptive and econometric, suggests that trade diversion has occurred especially as evidenced by Mexico's increased shares of U.S. imports apparently at the expense of several Asian countries. We use a conceptual framework based on a partial-equilibrium model of differentiated product industries under monopolistic competition for many countries. The model is implemented empirically using a fixed-effect panel analysis of U.S. imports at the Harmonized System (HS) 2-digit level for the period, 1992-98. Of the 70 sets of regressions that were run, the coefficients of the tariff rates were statistically significant in 15 cases. The strongest evidence of trade diversion was found mainly for U.S. imports of textile and apparel products. We also estimated regressions for selected commodities at the HS 4-digit level. The results suggest trade diversion for textiles, apparel, and some footwear products but not for trade in motor cars and vehicles and television receivers, which may have been more influenced by changes in foreign direct investment and outsourcing rather than tariff preferences.

    The spatial selection of heterogeneous firms

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    The aim of this paper is to study the spatial selection of firms once it is recognized that heterogeneous firms typically choose different locations in respond to market integration of regions having different sizes. Specifically, we show that decreasing trade costs leads to the gradual agglomeration of efficient firms in the large region because these firms are able to survive in a more competitive environment. In contrast, high-cost firms seek protection against competition from the efficient firms by establishing themselves in the small region. However, when the spatial separation of markets ceases to be a sufficient protection against competition from the low-cost firms, high-cost firms also choose to set up in the larger market where they have access to a bigger pool of consumers. This leads to the following prediction: the relationship between economic integration and interregional productivity differences first increases and then decreases with market integration.Firm heterogeneity, Spatial selection, Trade liberalization

    Triple Products and Yang-Baxter Equation (II): Orthogonal and Symplectic Ternary Systems

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    We generalize the result of the preceeding paper and solve the Yang-Baxter equation in terms of triple systems called orthogonal and symplectic ternary systems. In this way, we found several other new solutions.Comment: 38 page

    Integrating Industry and National Economic Accounts: First Steps and Future Improvements

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    The integration of the annual I-O accounts with the GDP-by-industry accounts is the most recent in a series of improvements to the industry accounts provided by the BEA in recent years. BEA prepares two sets of national industry accounts: The I-O accounts, which consist of the benchmark I-O accounts and the annual I-O accounts, and the GDPby- industry accounts. Both the I-O accounts and the GDP-by-industry accounts present measures of gross output, intermediate inputs, and value added by industry. However, in the past, they were inconsistent because of the use of different methodologies, classification frameworks, and source data. The integration of these accounts eliminated these inconsistencies and improved the accuracy of both sets of accounts. The integration of the annual industry accounts represents a major advance in the timeliness, accuracy, and consistency of these accounts, and is a result of significant improvements in BEA's estimating methods. The paper describes the new methodology, and the future steps required to integrate the industry accounts with the NIPAs. The new methodology combines source data between the two industry accounts to improve accuracy; it prepares the newly integrated accounts within an I-O framework that balances and reconciles industry production with commodity usage. Moreover, the new methodology allows the acceleration of the release of the annual I-O accounts by 2 years and for the first time, provides a consistent time series of annual I-O accounts. Three appendices are provided: A description of the probability-based method to rank source data by quality; a description of the new balancing produced for producing the annual I-O accounts; and a description of the computation method used to estimate chaintype price and quantity indexes in the GDP-by-industry accounts.

    Field Strength Correlators For 2D Yang-Mills Over Riemann Surfaces

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    The path integral computation of field strength correlation functions for two dimensional Yang-Mills theories over Riemann surfaces is studied. The calculation is carried out by abelianization, which leads to correlators that are topological. They are nontrivial as a result of the topological obstructions to the abelianization. It is shown in the large N limit on the sphere that the correlators undergo second order phase transitions at the critical point. Our results are applied to a computation of contractible Wilson loops.Comment: final version to appear in Int. Jour. Mod. Phys. A, minor corrections, added a few comments on Wilson loops and non-abelian Stokes theore

    Magnetocaloric effect in hexacyanochromate Prussian blue analogs

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    We report on the magnetocaloric properties of two molecule-based hexacyanochromate Prussian blue analogs, nominally CsNi[Cr(CN)_6](H_2O) and Cr_3[Cr(CN)_6]_2x12(H_2O). The former orders ferromagnetically below Tc=90 K, whereas the latter is a ferrimagnet below Tc=230 K. For both, we find significantly large magnetic entropy changes DSm associated to the magnetic phase transitions. Notably, our studies represent the first attempt to look at molecule-based materials in terms of the magnetocaloric effect for temperatures well above the liquid helium range.Comment: 4 pages, 6 figure

    "Quantum phase transitions" in classical nonequilibrium processes

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    Diffusion limited reaction of the Lotka-Volterra type is analyzed taking into account the discrete nature of the reactants. In the continuum approximation, the dynamics is dominated by an elliptic fixed-point. This fixed-point becomes unstable due to discretization effects, a scenario similar to quantum phase transitions. As a result, the long-time asymptotic behavior of the system changes and the dynamics flows into a limit cycle. The results are verified by numerical simulations.Comment: 9 pages, 3 figures include
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