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The aim of this paper is to compare the price elasticity of import demand in the destination markets of Italian exports … to the price elasticity in the destination markets of the other main euro-area countries� exports. To this end, we use …-product combination) by Broda, Greenfield and Weinstein (2006). We find that Italy exports to markets which have, on average, a lower …
Persistent link: https://www.econbiz.de/10008692067
I examine the effect of reducing export tariffs on the productivity of domestic suppliers of exporting firms. Using a …) increases the productivity of intermediate input suppliers by 1.5 percent. The increase in productivity among domestic suppliers … accounts for 22.5 percent of aggregate productivity gains. I find that tariff cuts induce firms to acquire new machinery and …
Persistent link: https://www.econbiz.de/10011103312
volatile, others are persistent. Previous exports to a destination substantially increase a firm�s probability of making … current exports there. Taken together, these facts correspond better to the learning than to the sunk-cost hypothesis. …
Persistent link: https://www.econbiz.de/10011099631
problems. This increases state dependence by more in those sectors. Finally, hazard rates depend on the quality of local legal …
Persistent link: https://www.econbiz.de/10011099716
in domestic sales by Italian firms in 2012, contributed negatively to firms' exports, and together with liquidity … constraints, the fall reduced the growth rate of exports by an average of 0.6 percentage points. …
Persistent link: https://www.econbiz.de/10011105108
mode of organization (outsourcing versus integration) of intermediate inputs production. We find evidence of a productivity … productive and domestic outsourcing by the least productive firms; those with medium-high productivity choose domestic … integration, those with medium-low productivity foreign outsourcing. We also find that the preference for integration over …
Persistent link: https://www.econbiz.de/10008582225
exports on domestic demand for investment. In the last decade China has increased its dependence on external demand … be highly related to exports. Overcoming serious shortcomings in available data, we estimate an investment equation for … the period 1993-2006 and find an elasticity of investment to exports in the manufacturing sector in the range between 0 …
Persistent link: https://www.econbiz.de/10005770792
This work presents, in a single framework, the results of several recent studies, carried out by Bank of Italy researchers, on the internationalization of the Italian productive system. The notion of internationalization is considered not only from the perspective of direct investments abroad...
Persistent link: https://www.econbiz.de/10011171337
The work of Ghironi and Melitz (2005) is at the frontier of international real business cycle (IRBC) models with heterogeneous firms. In their model, the dynamic behaviour of real marginal costs is puzzling: a positive technology shock hitting the home country makes it permanently less...
Persistent link: https://www.econbiz.de/10009654299
We propose a theory-based approach to testing the presence of the 'home market effect' in a multi-country world. Our framework extends Krugman's (1980, Am. Econ. Rev. 70(5), 950-959) model, in which the appeal of a country as a production site depends on both the relative size of its domestic...
Persistent link: https://www.econbiz.de/10005111549