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Assessing market (dis)integration in early modern China and Europe

Bernhofen, Daniel M.; Eberhardt, Markus; Liang, Yusheng; … - 2015

This paper challenges established claims of comparable degrees of market integration in Europe and China on the eve of industrialization. Our empirical strategy focuses on the dynamics of price convergence and accounts for general equilibrium effects arising from common shocks and network...

Persistent link: https://www.econbiz.de/10011375678

Greasing the wheels of international commerce : how services facilitate firms' international sourcing

Debaere, Peter; Görg, Holger; Raff, Horst - 2010

We use unique plant-level data to study the link between the local availability of services and the decision of manufacturing firms to source materials from abroad. To guide our empirical analysis we develop a monopolistic-competition model of the materials sourcing decisions of heterogeneous...

Persistent link: https://www.econbiz.de/10003937283

Inventory control and intermediation in global supply chains

Zhan, Qu; Raff, Horst; Schmitt, Nicolas - 2015

The paper develops a simple theoretical model of inventory control in global supply chains. It identifies a role for intermediaries in managing inventory, and shows that inserting an intermediary as an additional link in a supply chain is profitable when demand volatility is high. It also...

Persistent link: https://www.econbiz.de/10010496944

Greasing the Wheels of International Commerce : How Services Facilitate Firms' International Sourcing

Debaere, Peter Marcel - 2010

Persistent link: https://www.econbiz.de/10013148078

International trade and retail market performance and structure : theory and empirical evidence

Meinen, Philipp; Raff, Horst - 2018

Based on a theoretical model featuring heterogeneous retailers that may source globally and operate as chains, we derive a number of hypotheses that link trade integration to retail firm performance and to the structure of retail markets. We empirically test these predictions using Danish...

Persistent link: https://www.econbiz.de/10011865020

Asset ownership and foreign-market entry

Raff, Horst (contributor); Ryan, Michael (contributor); … - 2006

This paper examines the link between a firm’s ownership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through...

Persistent link: https://www.econbiz.de/10003301155

A factor augmentation formulation of the value of international trade

Bernhofen, Daniel M.; Brown, John Christopher - 2012

employments in 19th-century Japan permits us to apply this approach to answer the following counterfactual: What factor … 1865-1876? Over the entire period, we find that trade was revealed to be equivalent to a 5.5% increase in Japan's female …. -- gains from trade ; factor augmentation equivalent to trade ; natural experiment of Japan …

Persistent link: https://www.econbiz.de/10009570570

Testing the general validity of the Heckscher-Ohlin theorem : the natural experiment of Japan

Bernhofen, Daniel M.; Brown, John Christopher - 2011

We exploit Japan's 19th century move from autarky to free trade to provide the first test of the general validity of … a single refutable prediction on the economy's factor content of trade. Our test combines factor price data from Japan …'s late autarky period with Japan's factor content of trade calculated with the technologies of the country of origin of …

Persistent link: https://www.econbiz.de/10009303934

The impact of trade preferences on multilateral tariff cuts : evidence for Japan

Ketterer, Tobias; Bernhofen, Daniel M.; Milner, Chris - 2014

paper examines the impact of Japan's trade preferences on its multi-lateral tariff reductions. Using detailed product level … data, we find that Japan's Generalized System of Preferences (GSP) acted as a stumbling block for the country's external …

Persistent link: https://www.econbiz.de/10010347341

Financial frictions and foreign direct investment : theory and evidence from Japanese microdata

Raff, Horst; Ryan, Michael; Stähler, Frank - 2015

value of collateral affect investors’ ability to borrow; and (ii) a lending channel, whereby changes in bank health affect …

Persistent link: https://www.econbiz.de/10010496990