Details about Kei-Mu Yi

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Workplace:	Economic Research Department, Federal Reserve Bank of Dallas, (more information at EDIRC) Department of Economics, University of Houston, (more information at EDIRC)

Access statistics for papers by Kei-Mu Yi.

Last updated 2024-07-04. Update your information in the RePEc Author Service.

Short-id: pyi44

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Working Papers

2024

1. Deindustrialization and Industry Polarization
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas
   Also in Working Paper Series, Federal Reserve Bank of Chicago (2021) View citations (5)
   NBER Working Papers, National Bureau of Economic Research, Inc (2021) View citations (7)

2023

2. Multinationals and Structural Transformation
   IDB Publications (Working Papers), Inter-American Development Bank
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2022)
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI) (2021)

2021

3. Gains from Trade: Does Sectoral Heterogeneity Matter?
   Working Papers, Florida International University, Department of Economics View citations (9)
   Also in Globalization Institute Working Papers, Federal Reserve Bank of Dallas (2018) View citations (14)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (9)
   See also Journal Article Gains from trade: Does sectoral heterogeneity matter?, Journal of International Economics, Elsevier (2021) View citations (9) (2021)
4. Perspectives on Trade and Structural Transformation
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
   See also Journal Article Perspectives on trade and structural transformation, Oxford Development Studies, Taylor & Francis Journals (2023) (2023)
5. The Micro and Macro Dynamics of Capital Flows
   Discussion Papers, Centre for Macroeconomics (CFM)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (7)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (7)

2020

6. Mobility and Engagement Following the SARS-Cov-2 Outbreak
   Working Papers, Federal Reserve Bank of Dallas View citations (9)
7. Trade Integration, Global Value Chains and Capital Accumulation
   Globalization Institute Working Papers, Federal Reserve Bank of Dallas View citations (3)
   Also in Working Paper Series, Federal Reserve Bank of Chicago (2020) View citations (3)
   Departmental Working Papers, Southern Methodist University, Department of Economics (2020) View citations (5)
   NBER Working Papers, National Bureau of Economic Research, Inc (2020) View citations (5)
   See also Journal Article Trade Integration, Global Value Chains, and Capital Accumulation, IMF Economic Review, Palgrave Macmillan (2021) View citations (8) (2021)

2019

8. Income and Substitution Effects of International Financial Integration: A Firm-Level Analysis
   2019 Meeting Papers, Society for Economic Dynamics
9. Structural Change and Deindustrialization
   2019 Meeting Papers, Society for Economic Dynamics

2018

10. Accounting for Structural Change Over Time: A Case Study of Three Middle-Income Countries
    2018 Meeting Papers, Society for Economic Dynamics View citations (3)
11. Accounting for the Sources of the Recent Decline in Korea's Exports to China
    Working Papers, Economic Research Institute, Bank of Korea View citations (1)
12. Global Value Chains and Inequality with Endogenous Labor Supply
    2018 Meeting Papers, Society for Economic Dynamics View citations (32)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2018) View citations (34)
    See also Journal Article Global value chains and inequality with endogenous labor supply, Journal of International Economics, Elsevier (2018) View citations (28) (2018)
    Chapter Global Value Chains and Inequality with Endogenous Labor Supply, NBER Chapters, National Bureau of Economic Research, Inc (2017) View citations (2) (2017)

2016

13. Real Interest Rates over the Long Run
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (4)

2015

14. Factor Accumulation, Specialization, and Long Run Growth in China
    2015 Meeting Papers, Society for Economic Dynamics
15. How Rich Will China Become?
    Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (1)

2013

16. Structural change in an open economy
    Working Paper Series, Federal Reserve Bank of Chicago View citations (137)
    Also in Working Papers, Research Seminar in International Economics, University of Michigan (2010) View citations (34)
    Staff Report, Federal Reserve Bank of Minneapolis (2011) View citations (9)
    2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (1)
    See also Journal Article Structural change in an open economy, Journal of Monetary Economics, Elsevier (2013) View citations (128) (2013)

2012

17. The Great Trade Collapse
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (31)
    See also Journal Article The Great Trade Collapse, Annual Review of Economics, Annual Reviews (2013) View citations (104) (2013)

2010

18. Demand Spillovers and the Collapse of Trade in the Global Recession
    IMF Working Papers, International Monetary Fund View citations (193)
    See also Journal Article Demand Spillovers and the Collapse of Trade in the Global Recession, IMF Economic Review, Palgrave Macmillan (2010) View citations (185) (2010)
19. How Much of South Korea's Growth Miracle can be Explained by Trade Policy?
    2010 Meeting Papers, Society for Economic Dynamics
    Also in Working Paper Series, Federal Reserve Bank of San Francisco (2008) View citations (1)
    Working Papers, Federal Reserve Bank of Philadelphia (2009)
    See also Journal Article How Much of South Korea's Growth Miracle Can Be Explained by Trade Policy?, American Economic Journal: Macroeconomics, American Economic Association (2015) View citations (15) (2015)

2009

20. The Global Financial Crisis, LDC Exports and Welfare: Analysis with a World Trade Model
    EcoMod2009, EcoMod View citations (5)

2008

21. Can multi-stage production explain the home bias in trade?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (7)
    See also Journal Article Can Multistage Production Explain the Home Bias in Trade?, American Economic Review, American Economic Association (2010) View citations (111) (2010)

2007

22. Income Disparities Across Indian States
    2007 Meeting Papers, Society for Economic Dynamics

2006

23. A tale of two states: Maharashtra and West Bengal
    Working Papers, Federal Reserve Bank of Philadelphia View citations (1)
    See also Journal Article A Tale of Two States: Maharashtra and West Bengal, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) View citations (23) (2009)

2005

24. A Tale of Two States
    2005 Meeting Papers, Society for Economic Dynamics View citations (3)
25. Can the Standard International Business Cycle Model Explain the Relation Between Trade and Comovement?
    IMF Working Papers, International Monetary Fund View citations (11)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2005) View citations (9)
    See also Journal Article Can the standard international business cycle model explain the relation between trade and comovement?, Journal of International Economics, Elsevier (2006) View citations (218) (2006)
26. Vertical specialization and the border effect puzzle
    Working Papers, Federal Reserve Bank of Philadelphia View citations (4)

2004

27. Trade Policy and South Korea's Growth Miracle
    2004 Meeting Papers, Society for Economic Dynamics
28. Why is Manufacturing Trade Rising Even as Manufacturing Output is Falling?
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile View citations (15)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2004) View citations (15)
    See also Journal Article Why Is Manufacturing Trade Rising Even as Manufacturing Output is Falling?, American Economic Review, American Economic Association (2004) View citations (15) (2004)

2002

29. The trade comovement problem in international macroeconomics
    Staff Reports, Federal Reserve Bank of New York View citations (20)

2001

30. Can Trade Theory Help Us Understand the Linkages Between International Trade and Business Cycles?
    Computing in Economics and Finance 2001, Society for Computational Economics View citations (2)

2000

31. Can vertical specialization explain the growth of world trade?
    Staff Reports, Federal Reserve Bank of New York View citations (2)
    See also Journal Article Can Vertical Specialization Explain the Growth of World Trade?, Journal of Political Economy, University of Chicago Press (2003) View citations (889) (2003)

1999

32. Can world real interest rates explain business cycles in a small open economy?
    Staff Reports, Federal Reserve Bank of New York View citations (5)
    See also Journal Article Can world real interest rates explain business cycles in a small open economy?, Journal of Economic Dynamics and Control, Elsevier (2001) View citations (79) (2001)
33. The nature and growth of vertical specialization in world trade
    Staff Reports, Federal Reserve Bank of New York View citations (29)
    See also Journal Article The nature and growth of vertical specialization in world trade, Journal of International Economics, Elsevier (2001) View citations (1580) (2001)
34. World Real Interest Rates and Business Cycles in Open Economies: a Multiple Shock Approach
    Computing in Economics and Finance 1999, Society for Computational Economics View citations (3)

1997

35. Language, learning, and location
    Staff Reports, Federal Reserve Bank of New York View citations (1)
36. The growth of world trade
    Research Paper, Federal Reserve Bank of New York View citations (19)

1996

37. Is there endogenous long-run growth?: Evidence from the U.S. and the U.K
    Staff Reports, Federal Reserve Bank of New York View citations (3)

1994

38. Consumer Durables, the Terms of Trade and the U.S. Trade Deficit
    Working Papers, University of Iowa, Department of Economics

Journal Articles

2024

1. Aggregation Bias in the Measurement of US Global Value Chains
   AEA Papers and Proceedings, 2024, 114, 136-42

2023

2. Perspectives on trade and structural transformation
   Oxford Development Studies, 2023, 51, (4), 455-475
   See also Working Paper Perspectives on Trade and Structural Transformation, NBER Working Papers (2021) View citations (6) (2021)

2021

3. Gains from trade: Does sectoral heterogeneity matter?
   Journal of International Economics, 2021, 129, (C) View citations (9)
   See also Working Paper Gains from Trade: Does Sectoral Heterogeneity Matter?, Working Papers (2021) View citations (9) (2021)
4. Middle income traps, long-run growth, and structural change
   Journal of International Money and Finance, 2021, 114, (C) View citations (2)
5. Trade Integration, Global Value Chains, and Capital Accumulation
   IMF Economic Review, 2021, 69, (3), 505-539 View citations (8)
   See also Working Paper Trade Integration, Global Value Chains and Capital Accumulation, Globalization Institute Working Papers (2020) View citations (3) (2020)

2018

6. Global value chains and inequality with endogenous labor supply
   Journal of International Economics, 2018, 115, (C), 223-241 View citations (28)
   See also Working Paper Global Value Chains and Inequality with Endogenous Labor Supply, 2018 Meeting Papers (2018) View citations (32) (2018)
   Chapter Global Value Chains and Inequality with Endogenous Labor Supply, NBER Chapters, 2017 (2017) View citations (2) (2017)

2017

7. Understanding Global Trends in Long-run Real Interest Rates
   Economic Perspectives, 2017, (2), 1-20 View citations (8)

2015

8. How Much of South Korea's Growth Miracle Can Be Explained by Trade Policy?
   American Economic Journal: Macroeconomics, 2015, 7, (4), 188-221 View citations (15)
   See also Working Paper How Much of South Korea's Growth Miracle can be Explained by Trade Policy?, 2010 Meeting Papers (2010) (2010)

2013

9. Structural change in an open economy
   Journal of Monetary Economics, 2013, 60, (6), 667-682 View citations (128)
   See also Working Paper Structural change in an open economy, Working Paper Series (2013) View citations (137) (2013)
10. The Great Trade Collapse
    Annual Review of Economics, 2013, 5, (1), 375-400 View citations (104)
    See also Working Paper The Great Trade Collapse, NBER Working Papers (2012) View citations (31) (2012)

2011

11. Vertical Linkages and the Collapse of Global Trade
    American Economic Review, 2011, 101, (3), 308-12 View citations (159)

2010

12. Can Multistage Production Explain the Home Bias in Trade?
    American Economic Review, 2010, 100, (1), 364-93 View citations (111)
    See also Working Paper Can multi-stage production explain the home bias in trade?, Working Papers (2008) View citations (7) (2008)
13. Demand Spillovers and the Collapse of Trade in the Global Recession
    IMF Economic Review, 2010, 58, (2), 295-326 View citations (185)
    See also Working Paper Demand Spillovers and the Collapse of Trade in the Global Recession, IMF Working Papers (2010) View citations (193) (2010)

2009

14. A Tale of Two States: Maharashtra and West Bengal
    Review of Economic Dynamics, 2009, 12, (3), 523-542 View citations (23)
    See also Working Paper A tale of two states: Maharashtra and West Bengal, Working Papers (2006) View citations (1) (2006)
    Software Item Code and data files for "A Tale of Two States: Maharashtra and West Bengal", Computer Codes (2008) (2008)
15. China's emergence as a manufacturing juggernaut: Is it overstated?
    Business Review, 2009, (Q4), 10-21

2007

16. International trade: why we don’t have more of it
    Business Review, 2007, (Q3), 20-27

2006

17. Can the standard international business cycle model explain the relation between trade and comovement?
    Journal of International Economics, 2006, 68, (2), 267-295 View citations (218)
    See also Working Paper Can the Standard International Business Cycle Model Explain the Relation Between Trade and Comovement?, IMF Working Papers (2005) View citations (11) (2005)
18. What will the next export boom look like? some hints from the late 1980s
    Business Review, 2006, (Q4), 19-28

2005

19. Vertical specialization and three facts about U.S. international trade
    The North American Journal of Economics and Finance, 2005, 16, (1), 35-59 View citations (82)

2004

20. Why Is Manufacturing Trade Rising Even as Manufacturing Output is Falling?
    American Economic Review, 2004, 94, (2), 134-138 View citations (15)
    See also Working Paper Why is Manufacturing Trade Rising Even as Manufacturing Output is Falling?, Documentos de Trabajo (2004) View citations (15) (2004)

2003

21. Barriers to Riches: by Stephen L. Parente and Edward C. Prescott, MIT Press, 2001
    Journal of International Economics, 2003, 60, (1), 223-228
22. Can Vertical Specialization Explain the Growth of World Trade?
    Journal of Political Economy, 2003, 111, (1), 52-102 View citations (889)
    See also Working Paper Can vertical specialization explain the growth of world trade?, Staff Reports (2000) View citations (2) (2000)

2001

23. Can world real interest rates explain business cycles in a small open economy?
    Journal of Economic Dynamics and Control, 2001, 25, (6-7), 867-889 View citations (79)
    See also Working Paper Can world real interest rates explain business cycles in a small open economy?, Staff Reports (1999) View citations (5) (1999)
24. Curbing unemployment in Europe: are there lessons from Ireland and the Netherlands?
    Current Issues in Economics and Finance, 2001, 7, (May) View citations (6)
25. International Trade and Business Cycles: Is Vertical Specialization the Missing Link?
    American Economic Review, 2001, 91, (2), 371-375 View citations (151)
26. The effects of a booming economy on the U.S. trade deficit
    Current Issues in Economics and Finance, 2001, 7, (Feb) View citations (1)
27. The nature and growth of vertical specialization in world trade
    Journal of International Economics, 2001, 54, (1), 75-96 View citations (1580)
    See also Working Paper The nature and growth of vertical specialization in world trade, Staff Reports (1999) View citations (29) (1999)

2000

28. Asia crisis postmortem: where did the money go and did the United States benefit?
    Economic Policy Review, 2000, (Sep), 51-70 View citations (12)

1998

29. Vertical specialization and the changing nature of world trade
    Economic Policy Review, 1998, 4, (Jun), 79-99 View citations (238)

1997

30. Is There Endogenous Long-Run Growth? Evidence from the United States and the United Kingdom
    Journal of Money, Credit and Banking, 1997, 29, (2), 235-62 View citations (90)

1996

31. A Simple Time Series Test of Endogenous vs. Exogenous Growth Models: An Application to the United States
    The Review of Economics and Statistics, 1996, 78, (1), 126-34 View citations (83)
32. Consumer durables, permanent terms of trade shocks, and the recent US trade deficits
    Journal of International Money and Finance, 1996, 15, (5), 797-811 View citations (9)

1995

33. Can convergence regressions distinguish between exogenous and endogenous growth models?
    Economics Letters, 1995, 49, (2), 211-215 View citations (30)

1993

34. Can government purchases explain the recent U.S. net export deficits?
    Journal of International Economics, 1993, 35, (3-4), 201-225 View citations (12)

Edited books

2019

1. Recent Developments in the Economics of Structural Change
   Books, Edward Elgar Publishing View citations (1)

Chapters

2017

1. Global Value Chains and Inequality with Endogenous Labor Supply
   A chapter in Trade and Labor Markets, 2017 View citations (2)
   See also Journal Article Global value chains and inequality with endogenous labor supply, Elsevier (2018) View citations (28) (2018)
   Working Paper Global Value Chains and Inequality with Endogenous Labor Supply, Society for Economic Dynamics (2018) View citations (32) (2018)

Software Items

2008

1. Code and data files for "A Tale of Two States: Maharashtra and West Bengal"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article A Tale of Two States: Maharashtra and West Bengal, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2009) View citations (23) (2009)