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multi-country sourcing model in which heterogeneous firms self-select into importing based on their productivity and country …
Persistent link: https://www.econbiz.de/10011145398
This paper reviews the empirical evidence on firm heterogeneity in international trade. A first wave of empirical findings from micro data on plants and firms proposed challenges for existing models of international trade and inspired the development of new theories emphasizing firm...
Persistent link: https://www.econbiz.de/10009371478
(MC) sector in which firms may have heterogeneous productivity levels. Domestic protection brings gains from expanding the …
Persistent link: https://www.econbiz.de/10011083718
increasing in firm productivity while the number of produced products that are exported is weakly increasing in firm productivity … the relationships between firm productivity and the numbers of exported products observed in the data, several demand and …
Persistent link: https://www.econbiz.de/10011084504
Foreign-owned firms are often hypothesized to generate productivity “spillovers” to the host country, but both …-ante identical workers learn from their employers in proportion to the firm’s productivity. Foreign-owned firms have, on average …, higher productivity in equilibrium due to entry costs, which means that low-productivity foreign firms cannot enter. Foreign …
Persistent link: https://www.econbiz.de/10005792490
. One features strong Balassa-Samuelson effects on nontradable prices due to productivity gains in the tradable sector, with …
Persistent link: https://www.econbiz.de/10009324252
We show that recent explanations of the consumption-real exchange rate anomaly which rely on goods and financial market frictions are not robust to introducing just one additional international asset. When portfolios are selected optimally, international trade in two nominal bonds implies a...
Persistent link: https://www.econbiz.de/10011083877
This paper addresses the consumption-real exchange rate anomaly. International real business cycle models based on complete financial markets predict a unitary correlation between the real exchange rate and the ratio of home to foreign consumption when subjected to supply side shocks. In the...
Persistent link: https://www.econbiz.de/10005788982
This paper starts out from the observation that the export shares of firms (export to sales ratio) vary greatly among firms, and tend to be systematically related to the firms' capital labour ratios. This observation cannot be explained by the standard heterogeneous firms and trade model by...
Persistent link: https://www.econbiz.de/10009003367
We evaluate the impact of the export promotion program delivered by the Canadian Trade Commissioner Service on various dimensions of export performance. Over the 1999-2006 time period we study, Canadian firms successfully diversified their exports to destinations beyond the United States and...
Persistent link: https://www.econbiz.de/10009320397