We analyze, in a unified theoretical framework, the two main models for equilibrium exchange rate, namely, the BEER and … these two measures. Our results show that, in average, the BEER and the FEER are closely related. Yet, important differences … real effective exchange rate, and so, between the FEER and the BEER. Our analysis puts forward the structural changes in …

export credible threats. If greenfield FDI is viable, entering firm prefers acquiring the low-productivity firm, when the …The purpose of this paper is to formalize the choices of market entry strategy (Export Vs Greenfield investment Vs Cross … border M&A) and the target selection (Acquisition of high-productivity firm or low-productivity one) for a foreign firm, and to …

threshold of productivity. We examine mobility in two dimensions: from firm to firm (inter-firm) and from one technical field to …. In particular we show that: (1) as predicted by evolutionary theory, inventor productivity is a positive determinant of … invention value, (2) inter-firm mobility is a consistently positive determinant of productivity and (3) technological mobility …

IC matters for firm productivity through the quality of infrastructure, the experience and education of the labor force …

IC matters for firm productivity through the quality of infrastructure, the experience and education of the labor force …

of both wages and productivity are endogenous. We estimate this model using French data. Numerical simulations show that … wage when they are spread over a large range of wages in order to avoid specialization in low productivity jobs. …