Showing 1 - 10 of 1,083
Learning by exporting refers to the mechanism whereby firms improve their performance (productivity) after entering … from a large internal inconsistency: they rely on an exogenous evolving productivity process. I show how recent proxy … estimators can accommodate endogenous productivity processes such as learning by exporting. I rely on my framework to discuss the …
Persistent link: https://www.econbiz.de/10012462109
In this paper, we propose an extension of the productivity decomposition method developed by Olley & Pakes (1996). This … extension provides an accounting for the contributions of both firm entry and exit to aggregate productivity changes. It breaks … productivity and another accounting for market share reallocations among those firms - following the same methodology as the one …
Persistent link: https://www.econbiz.de/10012460478
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10012462858
We weigh into the debate about whether rising productivity is ever a consequence rather than a cause of exporting …. Exporting and investing to raise productivity are complimentary activities. For lower-productivity firms, incurring the fixed … foreign tariffs will induce these firms to simultaneously export and invest in productivity. In contrast, lower foreign …
Persistent link: https://www.econbiz.de/10012465353
A growing body of empirical work has documented the superior performance characteristics" of exporting plants and firms relative to non-exporters. Employment, shipments and capital intensity are all higher at exporters at any given moment. This paper asks whether good" firms become exporters or...
Persistent link: https://www.econbiz.de/10012472540
We present a heterogeneous-firm model in which management ability increases both production efficiency and product quality. Combining six micro-datasets on management practices, production and trade in Chinese and American firms, we find broad support for the model's predictions. First, better...
Persistent link: https://www.econbiz.de/10012453002
differ by export mode. We find that demand and productivity evolve more favorably under direct exporting, though the fixed …
Persistent link: https://www.econbiz.de/10012457503
role in increasing productivity growth in U.S. manufacturing. Contemporaneous levels of exports and productivity are indeed … positively correlated across manufacturing industries. However, tests on industry data show causality from productivity to … exporting but not the reverse. While exporting plants have substantially higher productivity levels, we find no evidence that …
Persistent link: https://www.econbiz.de/10012471659
-distributed firm productivity, which has become a tractable benchmark. This benchmark model predicts that, conditional on the fixed …-level productivity, fixed costs and demand shifters, and use "exact hat algebra" to quantify the effects of a decline in trade costs on …
Persistent link: https://www.econbiz.de/10012480847
productivity sort across city sizes and select into exporting. The model allows us to study the geographic implications of trade … 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