Annual Conference

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Trade, Growth and Development

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May 2023

The Effects of Climate Change on Labor and Capital Reallocation

Jacopo PONTICELLI, Christoph ALBERT, Paula BUSTOS
Climate change is expected to reduce agricultural productivity in developing countries. Potential adaptation paths include the reallocation of capital and labor towards non-agricultural sectors or other regions. We study the experience of Brazil to provide direct evidence on these mechanisms. We doc...
Keywords: Droughts, SPEI, Brazil, Migration, Financial Integration
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Annual Conference

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Trade, Growth and Development

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May 2023

The Intangible Borrowing Constraint of Entrepreneurship

Yu ZHENG, Lian ALLUB, Axelle FERRIERE, Luis FRANJO
With quantity-based innovation targets and subsidy programs launched since the mid-2000s, China has seen a patent surge, accounting for 46% of the world’s total patent applications in 2020; however, the overall patent quality has been steadily declining over time. This paper develops a Schumpeteri...
Keywords: Heterogeneous Innovations, Quantity-Based Subsidies, Human Capital
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Annual Conference

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Trade, Growth and Development

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May 2023

Haste Makes Waste? Quantity-Based Subsidies under Heterogeneous Innovations

Lijun ZHU, Helu JIANG , Linyi CAO, Guangwei LI
With quantity-based innovation targets and subsidy programs launched since the mid-2000s, China has seen a patent surge, accounting for 46% of the world’s total patent applications in 2020; however, the overall patent quality has been steadily declining over time. This paper develops a Schumpeteri...
Keywords: Heterogeneous Innovations, Quantity-Based Subsidies, Human Capital
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Annual Conference

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Trade, Growth and Development

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May 2023

Geographic Spillovers and Firm Exports: Evidence from China

Lin TIAN , Yue YU
This paper examines the importance of domestic economic geography for a country’s export performance. We first develop a simple model in which the geographic integration of exporters reduces international trade frictions. We test the model’s predictions by leveraging the expansion of China’s h...
Keywords: Agglomeration, Knowledge Diffusion, Informal Trade Barriers, China’s Highspeed Rail
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Annual Conference

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Trade, Growth and Development

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May 2023

Demonetization and Firm Exports

Ritam CHAUREY, Ryan KIM, Pravin KRISHNA
On November 8, 2016, the Government of India announced the “demonetization” of large currency bills that rendered 86 percent of currency in circulation illegal tender. Using unique, high-frequency customs transaction data matched with balance sheet information of exporting firms and both event-s...
Keywords: demonetization, exports, customs-transactions data, monetary policy
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