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China’s policy-makers argued that WTO accession and the accompanying trade liberalization would have a beneficial … impact on the domestic economy. China’s import tariffs differed tremendously across industry in the earlier years, but … identify the impact of increased import competition on firm performance and its contribution to the significant productivity …
Persistent link: https://www.econbiz.de/10011084425
According to the Washington Consensus, developing countries’ growth would benefit from a reduction in tariffs and other barriers to trade. But a backlash against this view now suggests that trade policies have little or no impact on growth. If "getting policies right" is wrong or infeasible,...
Persistent link: https://www.econbiz.de/10005666812
We analyse the effects of trade liberalization on firms' decisions and profits, and on consumers' welfare, in a product differentiation model with countries of different size. Firms decide product specifications at the beginning of the game, in which autarky is followed by trade liberalization...
Persistent link: https://www.econbiz.de/10005504506
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
quantity and price information to disentangle markups from quantity-based productivity, and then compute marginal costs by …
Persistent link: https://www.econbiz.de/10011083491
, 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
indirect effects of foreign direct investment on measured firm level productivity depend on a number of firm specific features … higher in the special economic zone aimed at attracting foreign capital to fasten the development of China’s own high tech …
Persistent link: https://www.econbiz.de/10005114334
-liberalization quota allocation is not based on firm productivity. Removing this misallocation accounts for a substantial share of the … overall productivity gains associated with the quota removal. …
Persistent link: https://www.econbiz.de/10011083645
composition of intermediate goods, and the distinction between the productivity indices for value added and for gross output. We …
Persistent link: https://www.econbiz.de/10005025514
The United Kingdom is a highly open economy, and has a monetary policy strategy of targeting inflation in consumer prices. In this Paper, we look at the evidence from the UK on inflation behaviour, and examine the propositions from several theoretical models about inflation dynamics in an open...
Persistent link: https://www.econbiz.de/10005662158