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How Trade Credits Foster International Trade

Eck, Katharina; Engemann, Martina; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2012

Internationally active firms rely intensively on trade credits even though they are considered particularly expensive. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial constraints arising from asymmetric information...

Persistent link: https://www.econbiz.de/10011083260

Designing a Simple Loss Function for the Fed: Does the Dual Mandate Make Sense?

Debortoli, Davide; Kim, Jinill; Lindé, Jesper; Nunes, … - C.E.P.R. Discussion Papers - 2015

Yes, it makes a lot of sense. Using the Smets and Wouters (2007) model of the U.S. economy, we find that the role of the output gap should be equal to or even more important than that of inflation when designing a simple loss function to represent household welfare. Moreover, we document that a...

Persistent link: https://www.econbiz.de/10011165641

GM Food Crop Technology: Implications For Sub-Saharan Africa

Anderson, Kym; Jackson, Lee Ann - C.E.P.R. Discussion Papers - 2004

The first generation of genetically modified (GM) crop varieties sought to increase farmer profitability through cost reductions or higher yields. The next generation of GM food research is focusing also on breeding for attributes of interest to consumers, beginning with ‘golden rice’, which...

Persistent link: https://www.econbiz.de/10005136521

Doha Merchandise Trade Reform: What’s at Stake for Developing Countries?

Anderson, Kym; Martin, Will; van der Mensbrugghe, Dominique - C.E.P.R. Discussion Papers - 2005

This paper provides new estimates of the global gains from multilateral trade reform and their distribution among developing countries in the presence of trade preferences. Particular attention is given to agriculture, as farmers constitute the poorest households in developing countries but the...

Persistent link: https://www.econbiz.de/10005114393

Would Multilateral Trade Reform Benefit Sub-Saharan Africans?

Anderson, Kym; Martin, Will; van der Mensbrugghe, Dominique - C.E.P.R. Discussion Papers - 2005

This paper examines whether, in the presence of trade preferences, Sub-Saharan African economies, and especially its poorest households, could gain from multilateral trade reform. The World Bank’s LINKAGE model of the global economy is employed to examine the impact first of current trade...

Persistent link: https://www.econbiz.de/10005792269

Sugar Prices, Labour Income and Poverty in Brazil

Krivonos, Ekaterina; Olarreaga, Marcelo - C.E.P.R. Discussion Papers - 2005

This paper assesses the impact that a potential liberalization of sugar regimes in OECD countries could have on … then simultaneously estimate the impact that changes in domestic sugar prices have on regional wages and employment … depending on worker characteristics. Finally, we measure the impact on household income of a 10% increase in world sugar prices …

Persistent link: https://www.econbiz.de/10005667051

The Foreign Service and Foreign Trade: Embassies as Export Promotion

Rose, Andrew K - C.E.P.R. Discussion Papers - 2005

information-gathering. Accordingly, foreign services are increasingly marketing themselves as agents of export promotion. I …-section of data covering 22 large exporters and 200 import destinations. Bilateral exports rise by approximately 6-10% for each …

Persistent link: https://www.econbiz.de/10005791718

Financial constraints and innovation: Why poor countries don't catch up

Gorodnichenko, Yuriy; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2010

level of income and export intensity. Specifically, the paper investigates theoretically and empirically how financial … constraints affect a firm's innovation and export activities. Theoretical predictions are tested using unique firm survey data … constraints strongly adversely affect the ability of domestically owned firms to innovate and to export and hence to catch up to …

Persistent link: https://www.econbiz.de/10008468676

Cross-Country Causes and Consequences of the 2008 Crisis: International Linkages and American Exposure

Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2009

This paper models the causes of the 2008 financial crisis together with its manifestations, using a Multiple Indicator Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages that may have allowed the crisis to spread across...

Persistent link: https://www.econbiz.de/10008528523

Why do within firm-product export prices differ across markets?

Görg, Holger; Halpern, László; Muraközy, Balázs - C.E.P.R. Discussion Papers - 2010

In this paper we analyse the relationship between gravity variables and f.o.b. export unit values using Hungarian firm …-product-destination data. By taking firm-product level selection into account we show that export unit values increase with distance even for … relationship between unit values and market size. We propose two possible explanations: first, firms may export different quality …

Persistent link: https://www.econbiz.de/10008530371