Showing 1 - 10 of 90
-level data on services exports and imports in the United Kingdom in 2000- 2005. Less than 10% of firms trade in services but they … can be found in all sectors of the UK economy. While the services sector accounts for 80% of total exports and imports …
Persistent link: https://www.econbiz.de/10010746380
This paper examines the response of industries and firms to changes in trade costs. Several new firm-level models of international trade with heterogeneous firms predict that industry productivity will rise as trade costs fall due to the reallocation of activity across plants within an industry....
Persistent link: https://www.econbiz.de/10010746589
This paper examines whether the export decision of firms is affected by their ownership structure, specifically it looks at whether family control is an obstacle to entering foreign markets. The underlying assumption is that family firms are risk averse. Risk aversion may be an obstacle to...
Persistent link: https://www.econbiz.de/10010745788
This paper studies corporate risk management in a context with financial constraints and imperfect competition on the product market. We show that the interactions between firms heavily affect their hedging demand. As a general rule, the firms’ hedging demand decreases with the correlation...
Persistent link: https://www.econbiz.de/10010745252
Unilateral minimum quality standards are endogenously determined as the outcome of a non-cooperative standard-setting game between the governments of two countries. Cross-country externalities from the implementation of minimum quality standards are shown to give rise to a Prisoners' Dilemma...
Persistent link: https://www.econbiz.de/10010745944
How well does the theory of the firm explain the choice between intrafirm and arms' length trade? This paper uses firm-level import data from France to look into this question. We find support for three key predictions of property-rights theories of the multinational firm. Intrafirm imports are...
Persistent link: https://www.econbiz.de/10011125894
This paper examines the frequency, pervasiveness, and determinants of product switching by US manufacturing firms. We find that one-half of firms alter their mix of five-digit SIC products every five years, that product switching is correlated with both firm- and firm-product attributes, and...
Persistent link: https://www.econbiz.de/10010745219
reductions resulted in increases in firm exit, so our findings may be consistent with redistribution of quasi-rents towards low …
Persistent link: https://www.econbiz.de/10010746021
with firms’ innovation and entry decisions, which determine the economy’s growth rate. To study this link between … relationship between growth, misallocation and welfare. It stresses the importance of entry. An increase in entry reduces … misallocation by fostering competition. If entry also increases the economy-wide growth rate, static misallocation and growth are …
Persistent link: https://www.econbiz.de/10010884565
This paper develops an empirical model of entry to analyze the effect of previous regulation on European airlines? post … perceived quality, leading to a situation in which they are less likely to enter a route, but also less likely to exit. …
Persistent link: https://www.econbiz.de/10010928653