Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10005717334
This paper has been superseded by WP 15-03.<p>The authors document the spatial concentration of more than 1,000 research and development (R&D) labs located in the Northeast corridor of the U.S. using point pattern methods. These methods allow systematic examination of clustering at different...</p>
Persistent link: https://www.econbiz.de/10008691017
Persistent link: https://www.econbiz.de/10005389641
exports for the properties of open-economy models. …
Persistent link: https://www.econbiz.de/10008627177
The authors study a variation of the Melitz (2003) model, a monopolistically competitive model with heterogeneity in productivity across establishments and fixed costs of exporting. They calibrate the model to match the employment size distribution of US manufacturing establishments. Export...
Persistent link: https://www.econbiz.de/10005717363
Exporters are few-less than one-fifth among U.S. manufacturing firms-and are larger than non-exporting firms-about 4-5 times more total sales per firm. These facts are often cited as support for models with economies of scale and firm heterogeneity as in Melitz (2003). The authors find that the...
Persistent link: https://www.econbiz.de/10004976678
document two main features of exports that are puzzling for standard trade models. First, given the change in relative prices …, exports tend to grow gradually following a devaluation. Second, high interest rates tend to suppress exports. To address these … features giving rise to sluggish exports lead to more gradual net export reversals, sharper contractions and recoveries in …
Persistent link: https://www.econbiz.de/10010687014
Superseded by Working Paper 12-20 ; The authors study the rise in U.S. manufacturing exports from 1987 to 2002 through … the model to calculate the predicted increase in trade. Contrary to the findings in Yi (2003), they find that the exports …
Persistent link: https://www.econbiz.de/10008616947
decisions are important for the comovements of net exports and the real exchange rate. In this paper, the authors evaluate these …
Persistent link: https://www.econbiz.de/10005389628
alters the international transmission of business cycles. Specifically, real net exports become countercyclical and …
Persistent link: https://www.econbiz.de/10010558509