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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
The current price of a depletable resource depends on future demands and supplies, which affect how rapidly the resource is exhausted. Plans for future levels of demand and supply can therefore affect the current price. If agents have market power and can commit to future plans, then such plans...
Persistent link: https://www.econbiz.de/10005791297
immigration. The aggregate technology is described by a four-input translog cost function, from which the demand for imports and …
Persistent link: https://www.econbiz.de/10005791652
' perceptions about the probabilities of future import controls. When it anticipates future restrictions, a competitive export …
Persistent link: https://www.econbiz.de/10005792332
This paper estimates the effect of the decision to import intermediate goods and capital equipment on Total Factor Productivity (TFP) at the firm level on a panel of Spanish firms covering the period between 1991 and 2002. We use two alternative approaches. In the first, we estimate TFP using...
Persistent link: https://www.econbiz.de/10004972170
and the import behaviour of their employing firms. First, a model shows that the impact of firms’ imports on workers … employer-employee data source that contains information on firms’ inputs, including imports by type of product and by country … are endogenous in the wage equation, I use export prices of US firms to various destinations as instruments. To summarize …
Persistent link: https://www.econbiz.de/10005123663
What is the effect of imports on productivity? To answer this question, we estimate a structural model of producers … heterogenous firms, producers choose to import or purchase domestically varieties of intermediate inputs. Imports affect firm … varieties imported. Our results suggest that the role of imports is both statistically and economically significant. Imports are …
Persistent link: https://www.econbiz.de/10005497802
aggregate export and import equations. In particular, it considers different choices for scale and price variables, and assesses …
Persistent link: https://www.econbiz.de/10005497842
. The starting point is the traditional channel through exports and imports known as the "locomotive". The intertemporal …
Persistent link: https://www.econbiz.de/10005498185
Open-loop Nash extraction plans of exhaustible resource producers (in which producers take the plans of others as given) are time-consistent, but the normal specification of the open-loop import plans of countries with market power (in which countries take the import tariffs of other importers...
Persistent link: https://www.econbiz.de/10005281403