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Sequential Exporting
Albornoz, Facundo; Calvo-Pardo, Hector; Corcos, Gregory; … - Centre for Economic Performance, LSE - 2010
Firms need to incur substantial sunk costs to break in foreign markets, yet many give up exporting shortly after their first experience, which typically involves very small sales. Conversely, other new exporters shoot up their foreign sales and expand to new destinations. We investigate a simple...
Persistent link: https://www.econbiz.de/10008542753
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Trade Liberalization, Outsourcing, and Firm Productivity
Ossa, Ralph - Centre for Economic Performance, LSE - 2007
Empirical evidence suggests that trade liberalization increases firm productivity. This paper offers a novel … tasks the closer they are to their core competencies, this outsourcing increases firm productivity. Moreover, I also …
Persistent link: https://www.econbiz.de/10005670533
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Trust-Based Trade
Araujo, Luis; Ornelas, Emanuel - Centre for Economic Performance, LSE - 2007
firm acquires greater export experience. The reason is that the informational costs that an exporter faces fall as the …
Persistent link: https://www.econbiz.de/10005670432
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What is 'Firm Heterogeneity' in Trade Models? The Role of Quality, Scope, Markups and Cost
Hottman, Colin; Redding, Stephen J.; Weinstein, David E. - Centre for Economic Performance, LSE - 2014
firms, and the fact that larger firms supply more products than smaller firms, implies that standard productivity measures … are not independent of demand system assumptions and probably dramatically understate the relative productivity of the …
Persistent link: https://www.econbiz.de/10010945137
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Is the WTO Article XXIV Bad?
Mrázová, Monika; Vines, David; Zissimos, Ben - Centre for Economic Performance, LSE - 2010
This paper shows that the WTO's Article XXIV increases the likelihood of free trade, but may worsen world welfare when free trade is not reached and customs unions (CUs) form. We consider a model of many countries. Article XXIV prevents a CU from raising its common external tariff, which makes...
Persistent link: https://www.econbiz.de/10008694944
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Preferential Trade Agreements and the Labor Market
Ornelas, Emanuel - Centre for Economic Performance, LSE - 2012
Labor market consequences are at the forefront of most debates on the merits of trade liberalization. Preferential trade agreements (PTAs) have become the primary form of trade liberalization in most countries, and several studies have shown that discriminatory and nondiscriminatory trade...
Persistent link: https://www.econbiz.de/10009421731
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Free Trade Aggreements and the Consolidation of Democracy
Liu, Xuepeng; Ornelas, Emanuel - Centre for Economic Performance, LSE - 2013
We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...
Persistent link: https://www.econbiz.de/10010604794
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From Selling Goods to Selling Services: Firm Responses to Trade Liberalization
Breinlich, Holger; Soderbery, Anson; Wright, Greg C. - Centre for Economic Performance, LSE - 2014
In the face of trade liberalization domestic firms are often forced out of the market, whereas others adapt and survive. In this paper we focus on a new channel of adaptation, namely the shift toward increased provision of services in lieu of goods production. We exploit variation in EU trade...
Persistent link: https://www.econbiz.de/10010945148
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Regional Trade Agreements
Freund, Caroline; Ornelas, Emanuel - Centre for Economic Performance, LSE - 2009
This paper reviews the theoretical and the empirical literature on regionalism. The formation of regional trade agreements has been, by far, the most popular form of reciprocal trade liberalization in the last fifteen years. The discriminatory character of these agreements has raised three main...
Persistent link: https://www.econbiz.de/10008476310
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Trade Liberalization and Heterogeneous Firm Models: An Evaluation Using the Canada - US Free Trade Agreement
Breinlich, Holger; Cuñat, Alejandro - Centre for Economic Performance, LSE - 2010
, simulate the trade liberalization, and compute the resulting growth rates of Canadian industry productivity, exports and … have smaller productivity enhancing effects than Canadian tariff reductions due to the entry of less efficient exporters …. Quantitatively, the model tends to underpredict the impact of CUSFTA on growth rates of productivity, but overpredicts the increase …
Persistent link: https://www.econbiz.de/10008542747