Jonathan Eaton
Biographic Data
| ID | 3605439 |
|---|---|
| NAME | Jonathan Eaton |
| GIVEN NAMES | Jonathan |
| FAMILY NAME | Eaton |
| SIGNATURE | EATON J |
| AFFILIATIONS | New York University |
| VERIFIED | No |
| TOTAL WORKS | 17 |
| TOTAL CITATIONS | 49 |
| AUTHOR COUNT | 16 |
| EDITOR COUNT | 1 |
| FIRST PUBLICATION YEAR | 1981 |
| LATEST PUBLICATION YEAR | 2017 |
| H-INDEX | 3 |
Heritage and Peacebuilding
Summaries of Doctoral Dissertations
I was honored that Lee Alston asked me to be the convener for the Nevins Prize Competition this year. There were close to a dozen submissions spanning a
On Deficits and Unemployment
Entre 2007 et 2011 le chômage s’est accru notablement dans la plupart des pays européens. Durant la même période, les déficits extérieurs de nombreux pays européens se sont fortement réduits. Nous utilisons un modèle d’équilibre général, de type ricardien et reposant sur des rigidités salariales, couvrant trente-quatre pays, pour analyser la relation entre les ajustements extérieurs, les pnb relatifs et le chômage durant cette période. Notre anal…
Putting Ricardo to Work
David Ricardo (1817) provided a mathematical example showing that countries could gain from trade by exploiting innate differences in their ability to make different goods. In the basic Ricardian example, two countries do better by specializing in different goods and exchanging them for each other, even when one country is better at making both. This example typically gets presented in the first or second chapter of a text on international trade,…
Dissecting Trade: Firms, Industries, and Export Destinations
We examine the entry behavior of producers in different industries in different ex-port markets using a comprehensive dataset of French firms. These data reveal enormous heterogeneity, primarily within industries, in the nature of entry into different markets. Nonetheless, some striking regularities appear both across and within industries. The French data add a new dimension to an emerging empirical literature examining international trade at th…
Plants and Productivity in International Trade
We reconcile trade theory with plant-level export behavior, extending the Ricardian model to accommodate many countries, geographic barriers, and imperfect competition. Our model captures qualitatively basic facts about U.S. plants: (i) productivity dispersion, (ii) higher productivity among exporters, (iii) the small fraction who export, (iv) the small fraction earned from exports among exporting plants, and (v) the size advantage of exporters. …
Technology, Geography, and Trade
We develop a Ricardian trade model that incorporates realistic geographic features into general equilibrium. It delivers simple structural equations for bilateral trade with parameters relating to absolute advantage, to comparative advantage (promoting trade), and to geographic barriers (resisting it). We estimate the parameters with data on bilateral trade in manufactures, prices, and geography from 19 OECD countries in 1990. We use the model to…
International Technology Diffusion: Theory and Measurement
We model the invention of new technologies and their diffusion across countries. In our model all countries grow at the same steady‐state rate, with each country's productivity ranking determined by how rapidly it adopts ideas. Research effort is determined by how much ideas earn at home and abroad. Patents affect the return to ideas. We relate the decision to patent an invention internationally to the cost of patenting in a country and to the ex…
Cities and growth: Theory and evidence from France and Japan
The relative populations of the top 40 urban areas of France and Japan remained very constant during these countries' periods of industrialization and urbanization, and are described quite well by the ‘rank-size rule.’ Moreover, projection of their future distributions based on past growth indicates that their size-distributions in steady state will not differ essentially from what they have been historically. Urbanization consequently appears to…
Trade in ideas Patenting and productivity in the OECD
We develop a model of growth and technology diffusion which we fit to aggregate data from OECD countries. Our model implies that each country will eventually grow at the same rate, with its relative productivity determined by its ability to adopt new inventions. Hence productivity levels rather than growth rates better reflect a country's ability to innovate or to adopt new technology. We estimate the model to explain international patterns of pr…
Sanctions
Sanctions are measures that one party (the sender) uses to influence another (the target). Sanctions, or the threat of sanctions, have been used by governments to alter the human rights, trade, or foreign policies of other governments. The authors develop notions of the sender's and target's toughness that depend on their patience and on the extent of their suffering from sanctions. How much a sender can exact from the target depends on the relat…
Debt Relief and the International Enforcement of Loan Contracts
It is now apparent that the governments of many developing countries will not repay their debts as initially contracted. Creditors and creditor governments must now adjust to the realization that full repayment is either infeasible or that enforcing full payment is undesirable from the point of view of creditor countries as a whole. The question now is what to do with these debts. The Baker and Brady plans have increased U.S. government involveme…
A Theory of Expropriation and Deviations from Perfect Capital Mobility
This paper develops a theory of capital movements in the presence of potential expropriation. The threat of expropriation is derived from utility maximizing behavior by host countries. Potential investors, anticipating this behavior, modify their investment plans to avoid expropriation. When- ever the host country faces competitive foreign investors expropriation represents part of a time-consistent but suboptimal plan of the type discussed by Ky…
A Model of Rationing and Labour Supply: Theory and Estimation
A number of authors, most prominently Clower (1965) and Leijonhofvud (1968), have interpreted Keynes's theory of unemployment as a model. Nominal price and wage rigidity prevent the labour market from clearing. The actual level of employment is given by the minimum of the effective demand for labour and the effective supply. General disequilibrium models of income and employment determination have been developed by Barro and Grossman (1976) and M…
Covered Interest Parity, Uncovered Interest Parity and Exchange Rate Dynamics
Journal Article Covered Interest Parity, Uncovered Interest Parity and Exchange Rate Dynamics Get access Jonathan Eaton, Jonathan Eaton Yale University and National Bureau of Economic Research Search for other works by this author on: Oxford Academic Google Scholar Stephen J. Turnovsky Stephen J. Turnovsky University of Illinois at Urbana-Champaign and National Bureau of Economic Research Search for other works by this author on: Oxford Academic …
Growth and Welfare in a Small, Open Economy
The literature on trade and provides several examples in which factor augmentation or technical progress can reduce the welfare of an open economy. The most famous example of such growth is Bhagwati's (1958) demonstration that that expands the export industry can reduce welfare by causing the terms of trade to deteriorate. More recently, examples have been provided in which due to either factor expansion or technical progress in the presence of d…
Debt with Potential Repudiation: Theoretical and Empirical Analysis
Jonathan Eaton, Mark Gersovitz; Debt with Potential Repudiation: Theoretical and Empirical Analysis, The Review of Economic Studies, Volume 48, Issue 2, 1
Sanctions
Sanctions are measures that one party (the sender) uses to influence another (the target). Sanctions, or the threat of sanctions, have been used by governments to alter the human rights, trade, or foreign policies of other governments. The authors develop notions of the sender's and target's toughness that depend on their patience and on the extent of their suffering from sanctions. How much a sender can exact from the target depends on the relat…
A Theory of Expropriation and Deviations from Perfect Capital Mobility
This paper develops a theory of capital movements in the presence of potential expropriation. The threat of expropriation is derived from utility maximizing behavior by host countries. Potential investors, anticipating this behavior, modify their investment plans to avoid expropriation. When- ever the host country faces competitive foreign investors expropriation represents part of a time-consistent but suboptimal plan of the type discussed by Ky…
Putting Ricardo to Work
David Ricardo (1817) provided a mathematical example showing that countries could gain from trade by exploiting innate differences in their ability to make different goods. In the basic Ricardian example, two countries do better by specializing in different goods and exchanging them for each other, even when one country is better at making both. This example typically gets presented in the first or second chapter of a text on international trade,…
Debt Relief and the International Enforcement of Loan Contracts
It is now apparent that the governments of many developing countries will not repay their debts as initially contracted. Creditors and creditor governments must now adjust to the realization that full repayment is either infeasible or that enforcing full payment is undesirable from the point of view of creditor countries as a whole. The question now is what to do with these debts. The Baker and Brady plans have increased U.S. government involveme…
Covered Interest Parity, Uncovered Interest Parity and Exchange Rate Dynamics
Journal Article Covered Interest Parity, Uncovered Interest Parity and Exchange Rate Dynamics Get access Jonathan Eaton, Jonathan Eaton Yale University and National Bureau of Economic Research Search for other works by this author on: Oxford Academic Google Scholar Stephen J. Turnovsky Stephen J. Turnovsky University of Illinois at Urbana-Champaign and National Bureau of Economic Research Search for other works by this author on: Oxford Academic …
Debt with Potential Repudiation: Theoretical and Empirical Analysis
Jonathan Eaton, Mark Gersovitz; Debt with Potential Repudiation: Theoretical and Empirical Analysis, The Review of Economic Studies, Volume 48, Issue 2, 1
Growth and Welfare in a Small, Open Economy
The literature on trade and provides several examples in which factor augmentation or technical progress can reduce the welfare of an open economy. The most famous example of such growth is Bhagwati's (1958) demonstration that that expands the export industry can reduce welfare by causing the terms of trade to deteriorate. More recently, examples have been provided in which due to either factor expansion or technical progress in the presence of d…
A Model of Rationing and Labour Supply: Theory and Estimation
A number of authors, most prominently Clower (1965) and Leijonhofvud (1968), have interpreted Keynes's theory of unemployment as a model. Nominal price and wage rigidity prevent the labour market from clearing. The actual level of employment is given by the minimum of the effective demand for labour and the effective supply. General disequilibrium models of income and employment determination have been developed by Barro and Grossman (1976) and M…
Covered Interest Parity, Uncovered Interest Parity and Exchange Rate Dynamics
Journal Article Covered Interest Parity, Uncovered Interest Parity and Exchange Rate Dynamics Get access Jonathan Eaton, Jonathan Eaton Yale University and National Bureau of Economic Research Search for other works by this author on: Oxford Academic Google Scholar Stephen J. Turnovsky Stephen J. Turnovsky University of Illinois at Urbana-Champaign and National Bureau of Economic Research Search for other works by this author on: Oxford Academic …
A Theory of Expropriation and Deviations from Perfect Capital Mobility
This paper develops a theory of capital movements in the presence of potential expropriation. The threat of expropriation is derived from utility maximizing behavior by host countries. Potential investors, anticipating this behavior, modify their investment plans to avoid expropriation. When- ever the host country faces competitive foreign investors expropriation represents part of a time-consistent but suboptimal plan of the type discussed by Ky…
Debt Relief and the International Enforcement of Loan Contracts
It is now apparent that the governments of many developing countries will not repay their debts as initially contracted. Creditors and creditor governments must now adjust to the realization that full repayment is either infeasible or that enforcing full payment is undesirable from the point of view of creditor countries as a whole. The question now is what to do with these debts. The Baker and Brady plans have increased U.S. government involveme…
Sanctions
Sanctions are measures that one party (the sender) uses to influence another (the target). Sanctions, or the threat of sanctions, have been used by governments to alter the human rights, trade, or foreign policies of other governments. The authors develop notions of the sender's and target's toughness that depend on their patience and on the extent of their suffering from sanctions. How much a sender can exact from the target depends on the relat…
Trade in ideas Patenting and productivity in the OECD
We develop a model of growth and technology diffusion which we fit to aggregate data from OECD countries. Our model implies that each country will eventually grow at the same rate, with its relative productivity determined by its ability to adopt new inventions. Hence productivity levels rather than growth rates better reflect a country's ability to innovate or to adopt new technology. We estimate the model to explain international patterns of pr…
Cities and growth: Theory and evidence from France and Japan
The relative populations of the top 40 urban areas of France and Japan remained very constant during these countries' periods of industrialization and urbanization, and are described quite well by the ‘rank-size rule.’ Moreover, projection of their future distributions based on past growth indicates that their size-distributions in steady state will not differ essentially from what they have been historically. Urbanization consequently appears to…
International Technology Diffusion: Theory and Measurement
We model the invention of new technologies and their diffusion across countries. In our model all countries grow at the same steady‐state rate, with each country's productivity ranking determined by how rapidly it adopts ideas. Research effort is determined by how much ideas earn at home and abroad. Patents affect the return to ideas. We relate the decision to patent an invention internationally to the cost of patenting in a country and to the ex…
Technology, Geography, and Trade
We develop a Ricardian trade model that incorporates realistic geographic features into general equilibrium. It delivers simple structural equations for bilateral trade with parameters relating to absolute advantage, to comparative advantage (promoting trade), and to geographic barriers (resisting it). We estimate the parameters with data on bilateral trade in manufactures, prices, and geography from 19 OECD countries in 1990. We use the model to…
Plants and Productivity in International Trade
We reconcile trade theory with plant-level export behavior, extending the Ricardian model to accommodate many countries, geographic barriers, and imperfect competition. Our model captures qualitatively basic facts about U.S. plants: (i) productivity dispersion, (ii) higher productivity among exporters, (iii) the small fraction who export, (iv) the small fraction earned from exports among exporting plants, and (v) the size advantage of exporters. …
Dissecting Trade: Firms, Industries, and Export Destinations
We examine the entry behavior of producers in different industries in different ex-port markets using a comprehensive dataset of French firms. These data reveal enormous heterogeneity, primarily within industries, in the nature of entry into different markets. Nonetheless, some striking regularities appear both across and within industries. The French data add a new dimension to an emerging empirical literature examining international trade at th…
Putting Ricardo to Work
David Ricardo (1817) provided a mathematical example showing that countries could gain from trade by exploiting innate differences in their ability to make different goods. In the basic Ricardian example, two countries do better by specializing in different goods and exchanging them for each other, even when one country is better at making both. This example typically gets presented in the first or second chapter of a text on international trade,…
On Deficits and Unemployment
Entre 2007 et 2011 le chômage s’est accru notablement dans la plupart des pays européens. Durant la même période, les déficits extérieurs de nombreux pays européens se sont fortement réduits. Nous utilisons un modèle d’équilibre général, de type ricardien et reposant sur des rigidités salariales, couvrant trente-quatre pays, pour analyser la relation entre les ajustements extérieurs, les pnb relatifs et le chômage durant cette période. Notre anal…
Heritage and Peacebuilding
Summaries of Doctoral Dissertations
I was honored that Lee Alston asked me to be the convener for the Nevins Prize Competition this year. There were close to a dozen submissions spanning a
Economics (14 works) · Macroeconomics (7 works) · Global trade and economics (5 works) · International economics (5 works) · International trade (5 works) · Economic theories and models (4 works) · Economic Theory and Policy (4 works) · Market economy (4 works) · Business (3 works) · Computer Science (3 works)