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The Determinants of Trade Costs: A Random Coefficients Approach

Egger, Peter; Prusa, Jan - CESifo - 2014

This paper assesses whether the sensitivity of bilateral trade volumes to various trade cost factors is constant or varies across countries. It utilizes a random coeffcients model and analyses a cross-sectional sample of bilateral trade data for 96 countries in 2005. We expect the elasticity of...

Persistent link: https://www.econbiz.de/10010877651

Icebergs versus Tariffs: A Quantitative Perspective on the Gains from Trade

Felbermayr, Gabriel J.; Jung, Benjamin; Larch, Mario - CESifo - 2013

Recent quantitative trade models treat import tariffs as pure cost shifters so that their effects are similar to iceberg trade costs. We introduce revenue-generating import tariffs, which act as demand shifters, into the framework of Arkolakis, Costinot and Rodriguez-Clare (2012), and generalize...

Persistent link: https://www.econbiz.de/10010634085

Trade, Wages, and Productivity

Behrens, Kristian; Mion, Giordano; Murata, Yasusada; … - CESifo - 2012

We develop a new general equilibrium monopolistic competition model with variable demand elasticity, heterogeneous firms, and multiple asymmetric regions. Wages, productivity, consumption diversity, and markups across firms and markets are all endogenously determined and respond to trade...

Persistent link: https://www.econbiz.de/10010595380

Tariffs Passing Through Retailers: Do Tariffs Actually Protect Domestic Manufacturers?

Cole, Matthew T.; Eckel, Carsten - CESifo - 2014

Historically, tariffs have been an attractive policy tool to protect domestic industries. The benefits of such a policy are based on theoretical models that assume foreign manufacturers sell directly to consumers. However, recent empirical evidence suggests that wholesalers and retailers play an...

Persistent link: https://www.econbiz.de/10010877688

A Simple Theory of Trade, Finance, and Firm Dynamics

Felbermayr, Gabriel J.; Spiegel, Gilbert - CESifo - 2012

We propose a stylized monopolistic competition model of international trade where firms differ with respect to the expected economic lifetime of their innovations. Upon entry, they receive a commonly observed signal which is updated over time. Jointly with partial irreversibility of investment,...

Persistent link: https://www.econbiz.de/10010877690

Product Standards and Margins of Trade: Firm Level Evidence

Fontagné, Lionel Gérard; Orefice, Gianluca; … - CESifo - 2013

We address the trade effect of restrictive product standards on the margins of trade, by matching a detailed panel of French firm exports with a new database compiling the list of Sanitary and Phyto-Sanitary regulatory measures that have been raised as a concern in dedicated committees of the...

Persistent link: https://www.econbiz.de/10010877692

Firm Dynamics and Residual Inequality in Open Economies

Felbermayr, Gabriel J.; Impullitti, Giammario; Prat, Julien - CESifo - 2014

Increasing wage inequality between similar workers plays an important role for overall inequality trends in … trade with heterogeneous firms and homogeneous workers. Wage inequality across and within firms results from their different … Hartz labor market reforms account for the sharp increase in residual inequality observed in the data. By contrast …

Persistent link: https://www.econbiz.de/10010877715

The Theory of the Firm Goes Global

Marin, Dalia - CESifo - 2013

What insights can be gained from bringing the theory of the firm to the global economy? I discuss several new features of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade. Among the new features I discuss are the move to...

Persistent link: https://www.econbiz.de/10010877726

Shipment Frequency of Exporters and Demand Uncertainty

Békés, Gabor; Fontagné, Lionel Gérard; Murakozy, Balazs - CESifo - 2014

Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as well as inventory and per shipments costs. Using a...

Persistent link: https://www.econbiz.de/10010877733

Foreign Direct Investment Modes and Local Backward Linkages

Milliou, Chrysovalantou; Pavlou, Apostolis - CESifo - 2014

We study a multinational enterprise’s (MNE) choice of foreign direct investment (FDI) mode in a vertically related market with local input sourcing. We show that the vertical structure of the market and its features play a crucial role for the MNE.s decision: backward linkages, enhanced...

Persistent link: https://www.econbiz.de/10010877755

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