Showing 1 - 7 of 7
We draw attention to the role of economic geography in explaining important cross-sectional facts which are difficult to account for in existing models of industrialization. By construction, closed-economy models that stress the role of local demand in generating sufficient expenditure on...
Persistent link: https://www.econbiz.de/10009323008
This paper presents novel empirical evidence on key predictions of heterogeneous firm models by examining stock market reactions to the Canada-United States Free Trade Agreement of 1989 (CUSFTA). Using the uncertainty surrounding the agreement's ratification, I show that the pattern of abnormal...
Persistent link: https://www.econbiz.de/10009359513
refund of the domestic VAT paid on their inputs. This paper investigates how changes in the VAT rebates affect export … performance in China. Our empirical analysis relies on export volume data at the HS6 product level over the 2003-12 period. To … percentage point increase in the VAT rebate can lead to a 7% increase in export volumes. This magnitude allows to better …
Persistent link: https://www.econbiz.de/10010812470
This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and … investigates whether this effect depends on existing financial constraints. Our empirical analysis relies on export data for more … this negative impact, especially on the intensive margin of export. These results provide micro-founded evidence suggesting …
Persistent link: https://www.econbiz.de/10010671572
show that most firms only export or import a single service type and trade with a small number of countries. Trade volume … are a number of noteworthy exceptions. Interestingly, trade is also concentrated within .rms. The top export and import …
Persistent link: https://www.econbiz.de/10005796114
export a product than to sell it domestically, as export - ers may not receive a complete refund on the domestic VAT they … been led China to be accused of providing its firms with an unfair advantage in global trade. We use city-specific export … export performance. Our identification strategy relies on triple difference estimates that exploit an eligibility rule which …
Persistent link: https://www.econbiz.de/10011122210
We propose a quantitative framework for the analysis of industrialization in which specialization in manufacturing or agriculture is driven by comparative advantage and non-homothetic preferences. Countries are integrated through trade but trade is not costless and geographic position matters....
Persistent link: https://www.econbiz.de/10010570050