Similar Search Results

Managerial Incentives and Compensation in a Global Market

Wu, Yanhui - Centre for Economic Performance, LSE - 2011

This paper embeds a principal-agent firm in an otherwise standard trade model a la Melitz (2003) to investigate the impact of globalization on the provision of managerial incentives and on the distribution of managerial compensation. Facing contractual frictions due to limited liability, firms...

Persistent link: https://www.econbiz.de/10009220234

Monopolistic Competition and Optimum Product Selection: Why and How Heterogeneity Matters

Nocco, Antonella; Ottaviano, Gianmarco I. P.; Salto, Matteo - Centre for Economic Performance, LSE - 2013

After some decades of relative oblivion, the interest in the optimality properties of monopolistic competition has recently re-emerged due to the availability of an appropriate and parsimonious framework to deal with firm heterogeneity. Within this framework we show that non-separable utility,...

Persistent link: https://www.econbiz.de/10010643191

Trade and Uncertainty

Novy, Dennis; Taylor, Alan M. - Centre for Economic Performance, LSE - 2014

We offer a new explanation as to why international trade is so volatile in response to economic shocks. Our approach combines the uncertainty shock idea of Bloom (2009) with a model of international trade, extending the idea to the open economy. Firms import intermediate inputs from home or...

Persistent link: https://www.econbiz.de/10010775215

Intermediaries in International Trade: Direct Versus Indirect Modes of Export

Bernard, Andrew B.; Grazzi, Marco; Tomasi, Chiara - Centre for Economic Performance, LSE - 2012

volumes. Export intermediaries such as wholesalers serve different markets and export different products than manufacturing … environment and product- specific factors play important roles in explaining the existence of export intermediaries. These … export intermediaries to overcome country and product fixed costs means that they can more easily respond along the extensive …

Persistent link: https://www.econbiz.de/10010535359

Service Trade and Occupational Tasks: An Empirical Investigation

Ariu, Andrea; Mion, Giordano - Centre for Economic Performance, LSE - 2011

Using micro data for Belgium we investigate the relationship between occupational tasks changes and the rise of service trade. We focus the analysis on the extensive margin and look at the heterogeneous proliferation of firms involved in exports and imports of services across sectors...

Persistent link: https://www.econbiz.de/10009399756

Winners and Losers from a Commodities-for-Manufactures Trade Boom

Costa, Francisco; Garred, Jason; Pessoa, Joao Paulo - Centre for Economic Performance, LSE - 2014

A recent boom in commodities-for-manufactures trade between China and other developing countries has led to much concern about the losers from rising import competition in manufacturing, but little attention on the winners from growing Chinese demand for commodities. Using census data for...

Persistent link: https://www.econbiz.de/10010775659

External Integration, Structural Transformation and Economic Development: Evidence From Argentina

Fajgelbaum, Pablo; Redding, Stephen J. - Centre for Economic Performance, LSE - 2014

This paper uses the natural experiment of Argentina's integration into world markets in the late-nineteenth century to provide evidence on the role of internal geography in shaping the effects of external integration. We develop a quantitative model of the distribution of economic activity...

Persistent link: https://www.econbiz.de/10010779586

Heterogeneous Firms and Trade

Melitz, Marc J.; Redding, Stephen J. - Centre for Economic Performance, LSE - 2012

This paper reviews the new approach to international trade based on firm heterogeneity in differentiated product markets. This approach explains a variety of features exhibited in disaggregated trade data, including the higher productivity of exporters relative to non-exporters, within-industry...

Persistent link: https://www.econbiz.de/10010599240

Exporters, Importers and Credit Constraints

Muûls, Mirabelle - Centre for Economic Performance, LSE - 2012

credit constraints. Also, firms that have better credit rating export and import more, and more products to and from more …

Persistent link: https://www.econbiz.de/10010579174

The Roles of Import Competition and Export Opportunities for Technical Change

Steinwender, Claudia - Centre for Economic Performance, LSE - 2015

to export markets, other papers stress the importance of import competition. Since imports and exports (and even tariffs … conducts a "horse race" between export opportunities and import competition. Using Spanish firm level data, instrumenting for … exports and imports with tariff changes and controlling for selection, I find robust evidence that access to export markets …

Persistent link: https://www.econbiz.de/10011186299