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Estimating the border effect: Some new evidence

Gopinath, Gita; Gourinchas, Pierre-Olivier; Hsieh, Chang-Tai - 2009

To what extent do national borders and national currencies impose costs that segment markets across countries? To answer this question the authors use a dataset with product-level retail prices and wholesale costs for a large grocery chain with stores in the United States and Canada. They...

Persistent link: https://www.econbiz.de/10010280948

The impact of the introduction of the Euro on firms' expectations concerning export behavior, product innovation and foreign competition - An empirical assessment of the German bus...

Kaiser, Ulrich; Müller, Claudia - 1998

contend with new foreign competition after the introduction of the Euro. Panel data taken from a quarterly business survey in … in their expectations that the Euro will increase export activity and product innovation, but significantly more East … German firms expect new foreign competitors to enter the home market. The impact of the Euro on firms' expectations of …

Persistent link: https://www.econbiz.de/10010299664

Readdressing the trade effect of the Euro: Allowing for currency misalignment

Hogrefe, Jan; Jung, Benjamin; Kohler, Wilhelm K. - 2010

We know that euro-area member countries have absorbed asymmetric shocks in ways that are inconsistent with a common … conventional trade cost channel and trade effects deriving from 'implicit currency misalignment'. Econometric estimation reveals … estimates of the euro effect on trade based on misalignment. This reveals asymmetric trade effects and heterogeneous outlooks …

Persistent link: https://www.econbiz.de/10010300380

Uncertainty shocks in a model of effective demand

Basu, Susanto; Bundick, Brent - 2012

This paper examines the role of uncertainty shocks in a one-sector, representative-agent dynamic stochastic general equilibrium model. When prices are flexible, uncertainty shocks are not capable of producing business cycle comovements among key macro variables. With countercyclical markups...

Persistent link: https://www.econbiz.de/10010343352

Does Public Scientific Research Complement Industry R&D Investment? The Case of NIH Supported Basic and Clinical Research and Pharmaceutical Industry R&D

Toole, Andrew A. - 2005

This research investigates the hypothesis that publicly funded scientific research complements private R&D investment in the pharmaceutical industry. New microlevel data on public research investment by the U.S. National Institutes of Health allow measures of basic and clinical research in seven...

Persistent link: https://www.econbiz.de/10010297487

Exploring the Tail of Patented Invention Value Distributions

Scherer, Frederic M.; Harhoff, Dietmar; Vopel, Katrin - 1997

We explore the tail of patented invention value distributions by using value estimates obtained directly from patent holders. The paper focuses on those full-term German patents of the application year 1977 which were held by West German and U.S. residents. The most valuable patents in our data...

Persistent link: https://www.econbiz.de/10010297567

A model of welfare competition with evidence from AFDC

Saavedra, Luz Amparo - 1999

In this paper, we test empirically for strategic behaviour among the states using the cash support program Aid to Families with Dependant Children (AFDC). To motivate the empirical work, we adept Wildasin´s [41] model of income redistribution to a model of "interjurisdictional welfare...

Persistent link: https://www.econbiz.de/10010297627

Vertical income tax externalities and fiscal interdependence: evidence from the US

Esteller-Moré, Álex; Solé-Ollé, Albert - 1999

Concurrent taxation is a feature of many federal systems. As a consequence of this fact, the tax policy of one level of government affects the tax base of the other. This paper carries out a theoretical analysis of the interdependent tax-setting decisions of federal and regional governments,...

Persistent link: https://www.econbiz.de/10010297628

Product market competition, corporate governance and firm performance: an empirical analysis for Germany

Januszewski, Silke I.; Köke, Jens; Winter, Joachim K. - 1999

Productivity growth has been slow in many continental European countries over the last few decades, especially in comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are two of the main reasons for this phenomenon. However,...

Persistent link: https://www.econbiz.de/10010297660

International spillovers and feedback: Modelling in a disequilibrium framework

Winker, Peter; Beck, Martin - 2000

modelling approach and estimation results for the trade submodels are presented in some detail and simmulation results for the …

Persistent link: https://www.econbiz.de/10010297698