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Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy

Cosar, Kerem; Guner, Nezih; Tybout, James R - C.E.P.R. Discussion Papers - 2013

This paper explores the combined effects of reductions in trade frictions, tariffs, and firing costs on firm dynamics, job turnover, and wage distributions. It uses establishment-level data from Colombia to estimate an open economy dynamic model that links trade to job flows in a new way. The...

Persistent link: https://www.econbiz.de/10011083293

The short and long-run impact of globalization if firms differ in factor input ratios

Emami Namini, Julian - In: Journal of Economic Dynamics and Control 38 (2014) C, pp. 37-64

Empirical evidence has shown that exporters are more capital intensive than non-exporters. Based on this evidence, I construct a two-factor general equilibrium model with firm heterogeneity in factor intensities, monopolistic competition, scale economies and international trade. This setting can...

Persistent link: https://www.econbiz.de/10010730093

Comparative Advantage and Heterogenous Firms

Bernard, Andrew B.; Redding, Stephen J.; Schott, Peter K. - C.E.P.R. Discussion Papers - 2004

This Paper presents a model of international trade that features heterogeneous firms, relative endowment differences across countries, and consumer taste for variety. The Paper demonstrates that firm reactions to trade liberalization generate endogenous Ricardian productivity responses at the...

Persistent link: https://www.econbiz.de/10005067571

Endogenous labor market institutions in an open economy

Felbermayr, Gabriel J.; Larch, Mario; Lechthaler, Wolfgang - In: International Review of Economics & Finance 23 (2012) C, pp. 30-45

The paper sets up a two-country asymmetric trade model with heterogeneous firms, search frictions and endogenous labor market institutions. Countries are linked by trade in goods and non-cooperatively set unemployment benefits to maximize national welfare. We show that more open and smaller...

Persistent link: https://www.econbiz.de/10010573108

Legal Reform, Contract Enforcement and Firm Size in Mexico

Dougherty, Sean - Economics Department, Organisation de Coopération et … - 2013

Legal systems provide the basic institutions for firms and markets to operate. Their quality can have important … system quality across states in Mexico to examine the relationship between judicial quality and firm size. Although the … judicial quality is observed on the firm size distribution and efficiency, instrumenting for underlying historical determinants …

Persistent link: https://www.econbiz.de/10011277011

The Uncharted Waters of International Trade

Antràs, Pol - National Bureau of Economic Research - 2024

The field of international trade has undergone significant theoretical and empirical advancements over the last twenty-five years. A key breakthrough has been the emergence of firm-level approaches to studying exporting, importing, and global value chains. The field has also experienced a...

Persistent link: https://www.econbiz.de/10015171713

Foreign Demand Shocks to Production Networks : Firm Responses and Worker Impacts

Dhyne, Emmanuel; Kikkawa, Ayumu Ken; Komatsu, Toshiaki; … - National Bureau of Economic Research - 2022

We quantify and explain the firm responses and worker impacts of foreign demand shocks to domestic production networks. To capture that firms can be indirectly exposed to such shocks by buying from or selling to domestic firms that import or export, we use Belgian data with information on both...

Persistent link: https://www.econbiz.de/10013388803

Credit constraints, firm exports and financial development: Evidence from developing countries

Fauceglia, Dario - In: The Quarterly Review of Economics and Finance 55 (2015) C, pp. 53-66

This paper examines whether financial development reduces the impact of credit constraints on the exporting decision using firm-level data across 17 developing countries. We approximate credit constraints by a firm's liquidity ratio. In line with a Melitz-type model with borrowing frictions, the...

Persistent link: https://www.econbiz.de/10011193780

Trade liberalisation and innovation under sector heterogeneity

Navas, Antonio - In: Regional Science and Urban Economics 50 (2015) C, pp. 42-62

-sector endogenous growth model to study the influence of trade liberalisation on innovation and, by extension, on sector and aggregate … differences in firms' innovative responses to trade liberalisation. A movement from autarky to free trade promotes innovation and … market competition across sectors. A movement towards zero trade costs has a smaller effect on aggregate innovation when the …

Persistent link: https://www.econbiz.de/10011190742

Complementarity, Growth and Trade

Honkapohja, Seppo; Turunen-Red, Arja - C.E.P.R. Discussion Papers - 1999

We consider an endogenous growth model that includes international trade in capital goods. The model yields several distinct balanced growth solutions that can be classified using stability under adaptive learning. Some of the equilibria can involve growth rates much higher (or lower) than...

Persistent link: https://www.econbiz.de/10005067638