165 research outputs found

    Scottish independence would be 2-3 times more costly than Brexit, and rejoining the EU won’t make up the difference

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    In this blog, Hanwei Huang, Thomas Sampson and Patrick Schneider (LSE) analyse the economics of Scottish independence by looking at its impact on trade. Independence would put a new border between Scotland and the rest of the UK, introducing new trade costs. They find that since the rest of the UK is Scotland’s largest trading partner, the impact of independence would be 2-3 times greater than that of Brexit, and rejoining the EU wouldn’t make up the difference

    Supplemental Table3 - Supplemental material for MicroRNA expression profiles from HEK293 cells expressing H5N1 avian influenza virus non-structural protein 1

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    Supplemental material, Supplemental Table3 for MicroRNA expression profiles from HEK293 cells expressing H5N1 avian influenza virus non-structural protein 1 by Hanwei Jiao, Zonglin Zheng, Xuehong Shuai, Li Wu, Jixuan Chen, Yichen Luo, Yu Zhao, Hongjun Wang and Qingzhou Huang in Innate Immunity</p

    Supplemental Table2 - Supplemental material for MicroRNA expression profiles from HEK293 cells expressing H5N1 avian influenza virus non-structural protein 1

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    Supplemental material, Supplemental Table2 for MicroRNA expression profiles from HEK293 cells expressing H5N1 avian influenza virus non-structural protein 1 by Hanwei Jiao, Zonglin Zheng, Xuehong Shuai, Li Wu, Jixuan Chen, Yichen Luo, Yu Zhao, Hongjun Wang and Qingzhou Huang in Innate Immunity</p

    Supplemental Figure - Supplemental material for MicroRNA expression profiles from HEK293 cells expressing H5N1 avian influenza virus non-structural protein 1

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    Supplemental material, Supplemental Figure for MicroRNA expression profiles from HEK293 cells expressing H5N1 avian influenza virus non-structural protein 1 by Hanwei Jiao, Zonglin Zheng, Xuehong Shuai, Li Wu, Jixuan Chen, Yichen Luo, Yu Zhao, Hongjun Wang and Qingzhou Huang in Innate Immunity</p

    Supplemental Table1 - Supplemental material for MicroRNA expression profiles from HEK293 cells expressing H5N1 avian influenza virus non-structural protein 1

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    Supplemental material, Supplemental Table1 for MicroRNA expression profiles from HEK293 cells expressing H5N1 avian influenza virus non-structural protein 1 by Hanwei Jiao, Zonglin Zheng, Xuehong Shuai, Li Wu, Jixuan Chen, Yichen Luo, Yu Zhao, Hongjun Wang and Qingzhou Huang in Innate Immunity</p

    Supplemental Material, sj-jpg-1-cll-10.1177_09636897211055042 - Identifying Circular RNAs in HepG2 Expressing Genotype IV Swine Hepatitis E Virus ORF3 Via Whole Genome Sequencing

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    Supplemental Material, sj-jpg-1-cll-10.1177_09636897211055042 for Identifying Circular RNAs in HepG2 Expressing Genotype IV Swine Hepatitis E Virus ORF3 Via Whole Genome Sequencing by Hanwei Jiao, Yu Zhao, Zhixiong Zhou, Wenjie Li, Bowen Li, Guojing Gu, Yichen Luo, Xuehong Shuai, Cailiang Fan, Li Wu, Jixuan Chen, Qingzhou Huang, Fengyang Wang and Juan Liu in Cell Transplantation</p

    Supplemental Material, sj-jpg-2-cll-10.1177_09636897211055042 - Identifying Circular RNAs in HepG2 Expressing Genotype IV Swine Hepatitis E Virus ORF3 Via Whole Genome Sequencing

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    Supplemental Material, sj-jpg-2-cll-10.1177_09636897211055042 for Identifying Circular RNAs in HepG2 Expressing Genotype IV Swine Hepatitis E Virus ORF3 Via Whole Genome Sequencing by Hanwei Jiao, Yu Zhao, Zhixiong Zhou, Wenjie Li, Bowen Li, Guojing Gu, Yichen Luo, Xuehong Shuai, Cailiang Fan, Li Wu, Jixuan Chen, Qingzhou Huang, Fengyang Wang and Juan Liu in Cell Transplantation</p

    Supplemental material for Alterations of microRNAs and their predicted targeting mRNAs expression in RAW264.7 macrophages infected with <i>Omp25</i> mutant <i>Brucella melitensis</i>

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    Supplemental material for Alterations of microRNAs and their predicted targeting mRNAs expression in RAW264.7 macrophages infected with Omp25 mutant Brucella melitensis by Huapei Zhu, Hanwei Jiao, Xin Nie, Baobao Li, Kailian Xu, Feng Pang, Ruiyong Cao, Shu Zhu, Xiaojian Yang, Zhenxing Zhang, Dongmei Peng, Yaying Li, Guohua Li, Haifeng Huang, Chuangfu Chen, Li Du and Fengyang Wang in Innate Immunity</p

    The costs and benefits of leaving the EU: trade effects

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    This paper estimates the welfare effects of Brexit in the medium to long run, focusing on trade and fiscal transfers. We use a standard quantitative general equilibrium trade model with many countries and sectors and trade in intermediates. We simulate a range of counterfactuals reflecting alternative options for European Union (EU)–United Kingdom (UK) relations following Brexit. Welfare losses for the average UK household are 1.3% if the UK remains in the EU’s Single Market like Norway (a ‘soft Brexit’). Losses rise to 2.7% if the UK trades with the EU under World Trade Organization rules (a ‘hard Brexit’). A reduced-form approach that captures the dynamic effects of Brexit on productivity more than triples these losses and implies a decline in average income per capita of between 6.3% and 9.4%, partly via falls in foreign investment. The negative effects of Brexit are widely shared across the entire income distribution and are unlikely to be offset from new trade deals

    Three essays on firms and international trade

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    The first chapter of the thesis investigates the resilience of Chinese manufacturing importers to supply chain disruptions by exploiting the 2003 SARS epidemic as a natural experiment. I show both in theory and empirics that geographical diversification is crucial in building a resilient supply chain. I also find that reduction in trade costs induces firms to further diversify. Connectivity to the transportation network facilitates diversification in input sourcing and reduces the negative impact of SARS. Infrastructure is therefore useful not only in improving the efficiency of the economy, but also in increasing its resilience to shocks. The second chapter studies how changes in factor endowments, technologies, and trade costs jointly determine structural adjustments, which are defined as changes in the distributions of production and exports. During 1999 to 2007, Chinese manufacturing production became more capital-intensive while exports did not. A structurally estimated Ricardian and Heckscher-Ohlin model with heterogeneous firms reconciles this seemingly puzzling pattern. Counterfactual simulations show that capital deepening made Chinese production more capital intensive, but technology changes that biased toward the labour intensive sectors and trade liberalizations provided a counterbalancing force. The last chapter examines how firm heterogeneity shapes comparative advantage. Drawing on matched customs and firm-level data from China, we find that export participation, exported product scope and product mix, and firm mix within industries vary systematically with firms’ labour intensity. This is rationalized by a model in which firms from industries of comparative disadvantage face tougher competition in the export market. The competitive effect induces reallocation within and across firms and generates endogenous Ricardian comparative advantage, which dampens ex ante comparative advantage. Using sufficient statistics to measure and decompose comparative advantage, we find that the dampening mechanism is quantitatively important in shaping comparative advantage for a calibrated Chinese economy
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