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Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005/08 Revaluation of the Renminbi
Auer, Raphael A. - CESifo - 2012
This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...
Persistent link: https://www.econbiz.de/10010535633
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Intra- and Inter-Industry Productivity Spillovers in OECD Manufacturing: A Spatial Econometric Perspective
Badinger, Harald; Egger, Peter - CESifo - 2008
We adopt a spatial econometric approach to estimate intra- and inter-industry productivity spillovers in total factor …&D spillovers as well as remainder, input-output-related linkage effects are accounted for, the latter of which we model by a … spatial regressive error process. We find that knowledge spillovers occur both horizontally and vertically, whereas remainder …
Persistent link: https://www.econbiz.de/10005406424
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World Market Access of Emerging-Market Firms: The Role of Foreign Ownership and Access to External Finance
Raff, Horst; Trofimenko, Natalia - CESifo - 2013
This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign ownership and access to external finance affect the likelihood of manufacturers in emerging markets to export and/or import. Applying propensity score matching to control for...
Persistent link: https://www.econbiz.de/10010681216
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Gotcha! A Profile of Smuggling in International Trade
Berger, Helge; Nitsch, Volker - CESifo - 2008
This paper explores official trade data to identify patterns of smuggling in international trade. Our main measure of interest is the difference in matched partner trade statistics, i.e., the extent to which the recorded export value in the source country deviates from the reportedimport value...
Persistent link: https://www.econbiz.de/10005181615
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Structural Change in OECD Comparative Advantage
Brakman, Steven; Inklaar, Robert; Marrewijk, Charles van - CESifo - 2010
In the post-war period, the goods composition of trade in OECD countries has changed considerably. We analyze the evolution of comparative advantage using a detailed trade data set and a new analytical tool: the harmonic (weighted) mass index, which enables us to identify periods of structural...
Persistent link: https://www.econbiz.de/10008572491
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Geopolitics, Aid and Growth
Dreher, Axel; Eichenauer, Vera; Gehring, Kai - CESifo - 2013
We investigate the effects of short-term political motivations on the effectiveness of foreign aid. Donor countries’ political motives might reduce the effectiveness of conditionality, channel aid to inferior projects or affect the way aid is spent in other ways, reduce the aid bureaucracy’s...
Persistent link: https://www.econbiz.de/10010671571
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The Ifo Investment Database
Strobel, Thomas; Sauer, Stefan; Wohlrabe, Klaus - CESifo - 2013
In this paper we present the Ifo Investment Database, which provides annual investment data for 12 investment assets in 50 German industries from 1991 onward. The data is consistent with national accounts statistics provided by the German Federal Statistical Office and is based on investments in...
Persistent link: https://www.econbiz.de/10010877644
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Trade Openness, Market Competition, and Inflation: Some Sectoral Evidence from OECD Countries
Binici, Mahir; Cheung, Yin-Wong; Lai, Kon S. - CESifo - 2011
This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity. Nonetheless, previous empirical studies often fail to account...
Persistent link: https://www.econbiz.de/10009391719
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The Transitional Dynamics of Fiscal Policy in Small Open Economies
Heijdra, Ben J.; Ligthart, Jenny - CESifo - 2006
The paper studies the dynamic macroeconomic effects of fiscal shocks of various duration (permanent and temporary) under different financing methods (lump-sum tax and government debt). To this end, we develop an intertemporal macroeconomic model for a small open economy, featuring monopolistic...
Persistent link: https://www.econbiz.de/10005094387
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Market Power and Inflation
Chirinko, Robert S.; Fazzari, Steven M. - CESifo - 2000
Market power exercised by firms has become central to macroeconomics. Recent theoretical work highlights the importance of the relation between market power and inflation. We examine this relation for individual firms in eleven U.S. industries. Our econometric framework exploits restrictions...
Persistent link: https://www.econbiz.de/10005094449