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Invoicing Currency, Firm Size, and Hedging
Martin, Julien; Méjean, Isabelle - Centre d'études prospectives et d'informations … - 2012
We use the results of a survey conducted on a sample of 3,013 exporting firms located in 5 EMU countries to explore the link between the invoicing currency of exports, firm size, and hedging. About 90% of firms in the sample invoice exports in their (producer) currency. Large firms are more...
Persistent link: https://www.econbiz.de/10010604043
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Time to ship during financial crises
Berman, Nicolas; Sousa, José de; Martin, Philippe; … - Centre d'études prospectives et d'informations … - 2012
We show that the negative impact of financial crises on trade is magnified for destinations with longer time-to-ship. A simple model where exporters react to an increase in the probability of default of importers by increasing their export price and decreasing their export volumes to...
Persistent link: https://www.econbiz.de/10010604049
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Financial Constraints in China: Firm-Level Evidence
Poncet, Sandra; Steingress, Walter; Vandenbussche, Hylke - Centre d'études prospectives et d'informations … - 2009
This paper uses a unique micro-level data-set over the period 1998-2005 on Chinese firms to test for the existence of a "political-pecking order" in the allocation of credit. Our findings are threefold. Firstly, private Chinese firms are credit constrained while State-owned firms and...
Persistent link: https://www.econbiz.de/10008493433
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Export Performance and Credit Constraints in China
Jarreau, Joachim; Poncet, Sandra - Centre d'études prospectives et d'informations … - 2010
We investigate how the export performance of firms in China is influenced by credit constraints. Using panel data from Chinese customs for 1997-2007, we show that credit constraints restrict international trade flows and affect the sectoral composition of firms’ activity. We confirm that...
Persistent link: https://www.econbiz.de/10008861793
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Immigration, unemployment and GDP in the host country: Bootstrap panel Granger causality analysis on OECD countries
Boubtane, Ekrame; Coulibaly, Dramane; Rault, Christophe - Centre d'études prospectives et d'informations … - 2011
This paper examines the causality relationship between immigration, Unemployment and economic growth of the host … countries (France, Iceland, Norway and United Kingdom), growth positively causes immigration, while in any country, immigration … does not cause growth. …
Persistent link: https://www.econbiz.de/10009391585
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More Bankers, More Growth? Evidence from OECD Countries
Capelle-Blancard, Gunther; Labonne, Claire - Centre d'études prospectives et d'informations … - 2011
In this paper, we reexamine empirically the finance/growth nexus. We argue that financial deepening should not only be … relationship between financial deepening and economic growth for OECD countries over the last forty years. …
Persistent link: https://www.econbiz.de/10009644846
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Trend Shocks and Economic Development
Naoussi, Claude Francis; Tripier, Fabien - Centre d'études prospectives et d'informations … - 2013
This article explores the role of trend shocks in explaining the specificities of business cycles in developing countries using the methodology introduced by Aguiar and Gopinath (2007) [“Emerging Market Business Cycles: The Cycle Is the Trend” Journal of Political Economy 115(1)]. We specify...
Persistent link: https://www.econbiz.de/10010610335
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Measuring Intangible Capital Investment: an Application to the 'French Data'
Delbecque, Vincent; Nayman, Laurence - Centre d'études prospectives et d'informations … - 2010
Following Corrado, Hulten and Sichel (2005) this paper investigates French spending in intangible capital. In this work, we tackle two issues. First, working on national accounting data we sharply investigate the data sources, using detailed supply & use tables taken from the French national...
Persistent link: https://www.econbiz.de/10008520321
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Currency Misalignments and Growth: a New Look Using Nonlinear Panel Data Methods
Béreau, Sophie; Villavicencio, Antonia Lopez; Mignon, … - Centre d'études prospectives et d'informations … - 2009
The aim of this paper is to investigate the link between currency misalignments and economic growth. Relying on panel … misalignments have a differentiated impact on economic growth depending on their sign: whereas overvaluations negatively affect … economic growth, real exchange rate undervaluations significantly enhance it. This result indicates that undervaluations may …
Persistent link: https://www.econbiz.de/10008493437
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Are Financial Distortions an Impediment to Economic Growth? Evidence from China
Guariglia, Alessandra; Poncet, Sandra - Centre d'études prospectives et d'informations … - 2006
Persistent link: https://www.econbiz.de/10005062814