Showing 1 - 10 of 45
We study the role of export credit agencies--the predominant tool of industrial policy--on firm behavior by using the … effective shutdown of the Export-Import Bank of the United States (EXIM) from 2015-2019 as a natural experiment. We show that … more pronounced for firms with higher export opportunities and higher ex-ante marginal revenue products of capital. Lower …
Persistent link: https://www.econbiz.de/10014468219
This paper studies the cross-country patterns of risky innovation and growth through the lens of international trade. We use a simple theoretical framework of risky quality upgrading by firms under varying levels of financial development to derive two predictions. First, the mean rate of quality...
Persistent link: https://www.econbiz.de/10014226112
Previous research finds that the greater geographic mobility of foreign than native-born workers following economic shocks helps to facilitate local labor market adjustment to shifting regional economic conditions. We examine the role that immigration may have played in enabling U.S. commuting...
Persistent link: https://www.econbiz.de/10013537796
Persistent link: https://www.econbiz.de/10000420389
automobile exports to France, we demonstrate that the importer's currency tends to be chosen in intra-firm export invoicing based … on a panel logit estimation. Our empirical findings remain robust when different types of intra-firm export variables and …
Persistent link: https://www.econbiz.de/10014486233
We explore the relationship between proximity of buyers and sellers and the organizational form of outsourcing. Outsourcing can be "contractual" in which suppliers undertake specific investments or involve "generic" market transactions. Proximity expands the variety of products sourced through...
Persistent link: https://www.econbiz.de/10012466786
Free trade or preferential trade areas (PTAs) allow importers who belong to the area to export to each other while …
Persistent link: https://www.econbiz.de/10012659997
The Melitz model highlights the importance of the extensive margin (the number of firms exporting) for trade flows. Using the World Bank's Exporter Dynamics Database (EDD) featuring firm-level exports from 50 countries, we find that around 50% of variation in exports is along the extensive...
Persistent link: https://www.econbiz.de/10012480847
successful export promotion between non-partners …
Persistent link: https://www.econbiz.de/10012482496
We document a novel stylized fact: Using data for several countries, we show that export activity is disproportionately … raises not only the aggregate productivity of the economy but also its aggregate export intensity, by allowing more firms to …
Persistent link: https://www.econbiz.de/10012482527