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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
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Success and Failure of African Exporters
Cadot, Olivier; Iacovone, Leonardo; Pierola, Denisse; … - Centre for Economic Performance, LSE - 2011
Using a novel dataset with transactions level exports data from four African countries (Malawi, Mali, Senegal and Tanzania), this paper uncovers evidence of a high degree of experimentation at the extensive margin associated with low survival rates, consistent with high and middle income country...
Persistent link: https://www.econbiz.de/10009147414
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Trading Away Wide Brands for Cheap Brands
Dhingra, Swati - Centre for Economic Performance, LSE - 2011
Firms face competing needs to expand product variety and reduce production costs. Trade policy affects firm investments in product variety and production processes differently. Access to larger markets enables innovation to reduce costs. Although firm scale increases, foreign competition reduces...
Persistent link: https://www.econbiz.de/10009368610
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The Empirics of Firm Heterogeneity and International Trade
Bernard, Andrew B.; Jensen, J. Bradford; Redding, Stephen J. - Centre for Economic Performance, LSE - 2011
This paper reviews the empirical evidence on firm heterogeneity in international trade. A first wave of empirical findings from micro data on plants and firms proposed challenges for existing models of inter- national trade and inspired the development of new theories emphasizing firm...
Persistent link: https://www.econbiz.de/10009352260
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Trade Crisis? What Trade Crisis?
Behrens, Kristian; Corcos, Gregory; Mion, Giordano - Centre for Economic Performance, LSE - 2010
We provide an analysis of the 2008-2009 trade collapse using microdata from a small open economy, Belgium. First, we find that changes in firm-country-product exports and imports occurred mostly at the intensive margin: the number of firms, the average number of destination and origin markets...
Persistent link: https://www.econbiz.de/10008646248
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Exporters, Importers and Credit Constraints
Muûls, Mirabelle - Centre for Economic Performance, LSE - 2012
This paper analyses the interaction between credit constraints and trading behaviour. I construct a unique dataset containing firm-level trade transactions data, balance sheets and credit scores from an independent credit insurance company for Belgian manufacturing firms between 1999 and 2007....
Persistent link: https://www.econbiz.de/10010579174
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Wholesalers and Retailers in U.S. Trade (Long Version)
Bernard, Andrew B.; Jensen, J. Bradford; Redding, Stephen; … - Centre for Economic Performance, LSE - 2010
International trade models typically assume that producers in one country trade directly with final consumers in another. In reality, of course, trade can involve long chains of potentially independent actors who move goods through wholesale and retail distribution networks. These networks...
Persistent link: https://www.econbiz.de/10008542761
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Endowments, Market Potential, and Industrial Location: Evidence from Interwar Poland (1918-1939)
Wolf, Nikolaus - Centre for Economic Performance, LSE - 2004
The paper explores the determinants of industry location across interwar Poland. After more than 120 years ofpolitical and economic separation, Poland was reunified at the end of 1918. In consequence, its industry facedmassive structural changes: the removal of internal tariff barriers and...
Persistent link: https://www.econbiz.de/10005670400
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Trade as an Engine of Creative Destruction: Mexican Experience with Chinese Competition
Iacovone, Leonardo; Rauch, Ferdinand; Winters, L. Alan - Centre for Economic Performance, LSE - 2010
This paper exploits the surge in Chinese exports from 1994 to 2004 as a natural experiment to evaluate the effects of a unilateral low wage trade and competition shock to producers in Mexico. We find that this shock causes selection at both firm and product levels as its impact is highly...
Persistent link: https://www.econbiz.de/10008646249
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Import Competition from and Outsourcing to China: A Curse or Blessing for Firms?
Mion, Giordano; Zhu, Linke - Centre for Economic Performance, LSE - 2010
China is different from both other low-wage and OECD countries. Industry-level import competition and firm-level outsourcing … to China reduce firm employment growth and induce skill upgrading. In contrast, industry-level imports have no effect on … Belgian firm survival, while firm-level outsourcing of finished goods to China even increased firm's probability of survival …
Persistent link: https://www.econbiz.de/10009643555