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Incomplete Contracts and the Impact of Globalization on Consumer Welfare
Defever, Fabrice - CESifo - 2011
We embed a North-South trade model into an incomplete contracts setting where the production of heterogeneous firms can be geographically separated. When a Northern headquarter contracts with a Southern supplier instead of a Northern supplier, the presence of international incomplete contracts...
Persistent link: https://www.econbiz.de/10009144877
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The Spatial Organization of Multinational Firms
Defever, Fabrice - CESifo - 2010
Using six years of firm-level data covering 224 regions of the enlarged European Union, we evaluate the importance to a firm of locating its activities (production, headquarters, R&D, logistics and sales) close together. We find that, after controlling for regional characteristics, being closely...
Persistent link: https://www.econbiz.de/10008833918
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China's Pure Exporter Subsidies
Defever, Fabrice; Riaño, Alejandro - CESifo - 2012
domestic market. A counterfactual analysis suggests that eliminating these subsidies would result in a welfare gain for China …
Persistent link: https://www.econbiz.de/10010877954
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Gone for Good? Subsidies with Export Share Requirements in China: 2002-2013
Defever, Fabrice; Riaño, Alejandro - CESifo - 2014
from the 2002 wave of the Business Environment and Enterprise Performance Survey collected by the World Bank for China. The … exporters, firms exporting all their output, observed in China, from 25.7% in 2002 to 11.1% in 2013. Our results indicate that a … in China increases by 1.76% while real income in the rest of the world falls by 0.59%. …
Persistent link: https://www.econbiz.de/10010877965
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The Undisclosed Renminbi Basket: Are the Markets Telling us something about where the Renminbi – US Dollar Exchange Rate is Going?
Funke, Michael; Gronwald, Marc - CESifo - 2008
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10005765921