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Quality, Trade, and Exchange Rate Pass-Through
Chen, Natalie; Juvenal, Luciana - C.E.P.R. Discussion Papers - 2013
This paper investigates the heterogeneous response of exporters to real exchange rate fluctuations due to product quality. We model theoretically the effects of real exchange rate changes on the optimal price and quantity responses of firms that export multiple products with heterogeneous levels...
Persistent link: https://www.econbiz.de/10011084667
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Investment Liberalization and International Trade
Amiti, Mary; Wakelin, Katharine - C.E.P.R. Discussion Papers - 2002
This Paper estimates the cross-price elasticity of exports with respect to investment costs for bilateral relations … between 36 countries. We show that the effect of reducing foreign direct investment costs on exports depends on country … and trade costs are low, investment liberalization stimulates exports, whereas when countries are similar in terms of …
Persistent link: https://www.econbiz.de/10005666922
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Why do within firm-product export prices differ across markets?
Görg, Holger; Halpern, László; Muraközy, Balázs - C.E.P.R. Discussion Papers - 2010
constant markups. The differences are important quantitatively; price differences in Hungarian exports between Germany and the …
Persistent link: https://www.econbiz.de/10008530371
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Adjustment and Performance of the Textile and Clothing Industry in the Czech Republic, Poland and Portugal
Benacek, Vladimir; Caban, Wieslaw; Corado, Cristina - C.E.P.R. Discussion Papers - 1995
We discuss the restructuring of the textile and clothing industry in two East European countries. The paper compares the industry there with that in Portugal. Even though this study is only concerned with one particular industry, it reveals how wide and intensive the problems of transition are....
Persistent link: https://www.econbiz.de/10005136480
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Demand learning and firm dynamics: evidence from exporters
Berman, Nicolas; Rebeyrol, Vincent; Vicard, Vincent - C.E.P.R. Discussion Papers - 2015
This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets they serve, and update their beliefs as noisy...
Persistent link: https://www.econbiz.de/10011213311
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Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production
Antràs, Pol - C.E.P.R. Discussion Papers - 2011
I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the implementation of the theory in open-economy environments and its implications for the international organization of production and the structure of international trade flows. I...
Persistent link: https://www.econbiz.de/10009320400
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Heterogeneous Firm-Level Responses to Trade Liberalization: A Test Using Stock Price Reactions
Breinlich, Holger - C.E.P.R. Discussion Papers - 2011
This paper presents novel empirical evidence on key predictions of heterogeneous firm models by examining stock market reactions to the Canada-United States Free Trade Agreement of 1989 (CUSFTA). Using the uncertainty surrounding the agreement's ratification, I show that the pattern of abnormal...
Persistent link: https://www.econbiz.de/10009320407
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The arrival of cheap goods: Measuring the impact of Chinese import competition on Nordic prices
Auer, Raphael; Fischer, Andreas M; Kropf, Andreas - C.E.P.R. Discussion Papers - 2011
What is the impact of Chinese import competition on Nordic producer prices? In a panel covering 23 (2 digit) NACE manufacturing sectors from 1995 to 2008, instrumental variable estimations predict that when Chinese imports capture a 1% increase in market share, Nordic producer prices decrease by...
Persistent link: https://www.econbiz.de/10009275961
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A Many-Country Model of Industrialization
Breinlich, Holger; Cuñat, Alejandro - C.E.P.R. Discussion Papers - 2011
We draw attention to the role of economic geography in explaining important cross-sectional facts which are difficult to account for in existing models of industrialization. By construction, closed-economy models that stress the role of local demand in generating sufficient expenditure on...
Persistent link: https://www.econbiz.de/10009207519
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Heterogeneous firms or heterogeneous workers? Implications for the exporter premium and the impact of labor reallocation on productivity
Irarrazabal, Alfonso; Moxnes, Andreas; Ulltveit-Moe, … - C.E.P.R. Discussion Papers - 2009
We expect trade liberalization to give rise to aggregate productivity gains, as the least efficient firms are forced out, and labor is reallocated towards the best performing firms. But the positive intra-industry reallocation effects rely on the stark assumption that exporters’ superior...
Persistent link: https://www.econbiz.de/10008509468