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determine heterogeneity across firms in size and productivity in the same industry. We then incorporate these organisational … increase in aggregate productivity of an industry depending on which of these margins dominate. Trade may trigger firms to opt …
Persistent link: https://www.econbiz.de/10005791677
productivity premium. Using a model of heterogeneous firms that can move between regions, Baldwin and Okubo (2006) show how more … intensive. As a result, our model can produce sorting to the large regions from both ends of the productivity distribution …. Firms with high capital intensity and high productivity as well as firms with very low productivity and low capital …
Persistent link: https://www.econbiz.de/10008784724
between firm size, scope and productivity. More efficient firms become exporters, but not all exporters are large and not all …
Persistent link: https://www.econbiz.de/10011083422
markets. This approach explains a variety of features exhibited in disaggregated trade data, including the higher productivity … industry and firm productivity. …
Persistent link: https://www.econbiz.de/10011084049
, scope, and productivity. In the model, firms are heterogeneous in how well they cope with expanding their product range. The …-discount puzzle" found in the data. Globalization induces a merger wave that leads to an improvement in average productivity. This … improvement is not due to selection effects but rather due to product-level productivity effects. The model predicts that …
Persistent link: https://www.econbiz.de/10005661628
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 of quality. The model shows that the elasticity of demand perceived … by exporters decreases with a real depreciation and with quality, leading to more pricing-to-market and to a smaller …
Persistent link: https://www.econbiz.de/10011084667
distribution costs in the export market, high and low productivity firms react differently to a depreciation . Whereas high … productivity firms optimally raise their markup rather than the volume they export, low productivity firms choose the opposite … aggregate impact of exchange rate movements. The presence of fixed costs to export means that only high productivity firms can …
Persistent link: https://www.econbiz.de/10008506840
How does trade liberalization affect wages? This is the first paper to consider in theory and data how the impact of final and intermediate input tariff cuts on workers’ wages varies with the global engagement of their firm. Our model predicts that a fall in output tariffs lowers wages at...
Persistent link: https://www.econbiz.de/10005666626
importance of intrinsic firm efficiency relative to input quality as sources of exporters’ productivity premium, employing a …We expect trade liberalization to give rise to aggregate productivity gains, as the least efficient firms are forced … matched employer-employee data set for Norwegian manufacturing. Augmented measures of total factor productivity which take …
Persistent link: https://www.econbiz.de/10008509468
international sourcing of materials depends on a firm's productivity and the availability of local services. These predictions are …
Persistent link: https://www.econbiz.de/10008468604