Showing 1 - 10 of 27
Recent models of trade with firm heterogeneity predict that opening to trade reduces the number of firms, increases the average size of firms, and decreases firms’ markups. This paper uses a large dataset for 28 manufacturing industries and 46 countries to test these predictions. The...
Persistent link: https://www.econbiz.de/10005245926
This paper examines the effect of real exchange rate volatility on the intensive margin and the extensive margin of exports. Using highly disaggregated U.S. import data by product and country of origin, and a methodology that takes into account the possible endogeneity of volatility to trade,...
Persistent link: https://www.econbiz.de/10008548119
This paper examines the effect of changes in the real exchange rate on skill upgrading in the case of Chile. Using plant-level data from the manufacturing sector we find that a real depreciation increases the share of skilled workers in the total wage bill in exporters but not in non-exporters....
Persistent link: https://www.econbiz.de/10005004236
Recent models of international trade show that trade costs are important determinants of exporting decisions and productivity dynamics. By assuming that these costs are exogenous and constant across firms, these theories do not take into account that experienced firms may have lower trading...
Persistent link: https://www.econbiz.de/10008800135
Using plant-level data from Chile’s manufacturing sector for the period 1990-2000, this paper examines the effect of financial development on the probability of exporting at the plant level, with a special focus on the heterogeneous responses of plants with different characteristics. The main...
Persistent link: https://www.econbiz.de/10010541436
We construct a time-variant, price-based measure of trade distortions in 28 manufacturing industries for a large sample of countries over the last four decades, documenting facts consistent with the argument that changes in relative prices are an important channel through which an economy’s...
Persistent link: https://www.econbiz.de/10005245830
Several studies have found that plant turnover contributes to productivity growth. This evidence seems to be consistent with the idea that, by reducing protection granted to inefficient firms, economic liberalization would generate productivity gains associated with resource reallocation from...
Persistent link: https://www.econbiz.de/10005245850
An important consequence of the recent financial crisis was the collapse of global trade. Using data of Chilean exporting firms, this paper studies the effect of financial constraints on export growth in the aftermath of the crisis. Our results show that both overall financing and export credit...
Persistent link: https://www.econbiz.de/10009274493
This paper addresses the way optimal cash holdings decisions may be affected in episodes of adverse liquidity shocks. Motivated by the recent financial crisis, we are particularly interested in understanding how firm characteristics can explain differences in the adjustment speed to desired cash...
Persistent link: https://www.econbiz.de/10008540570
Persistent link: https://www.econbiz.de/10008547968