Showing 1 - 10 of 1,386
We introduce quality differentiation and an extensive margin of products into a standard quantitative, general equilibrium model of international trade. Both the quality and the quantity of a product play a role in its contribution both to consumption and to production. The framework allows...
Persistent link: https://www.econbiz.de/10012480070
We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct … outcomes. We find that firms whose export destinations experience greater currency depreciation have slower export growth, and … that export growth leads to increases firm productivity and other firm performance measures. Consistent with "earning …
Persistent link: https://www.econbiz.de/10012464017
We identify a new set of stylized facts on the 2008-2009 trade collapse that we hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in international trade into product entry and exit, price...
Persistent link: https://www.econbiz.de/10012462402
separate country data files giving monthly trade performance for both the import and export sides throughout the crisis. We use …% by 1933, and placing Germany close to autarchy. In the 1998 Asian crisis trade impacts were much smaller since export …
Persistent link: https://www.econbiz.de/10012462514
This paper examines the role of inventories in the decline of production, trade, and expenditures in the US in the economic crisis of late 2008 and 2009. Empirically, we show that international trade declined more drastically than trade-weighted production or absorption and there was a sizeable...
Persistent link: https://www.econbiz.de/10012462596
In this paper we argue that the persistent global imbalances, the subprime crisis, and the volatile oil and asset prices that followed it, are tightly interconnected. They all stem from a global environment where sound and liquid financial assets are in scarce supply
Persistent link: https://www.econbiz.de/10012464126
This paper studies empirically the effects of financial crises on international trade. The major findings are that banking crises had a negative impact on imports but a positive impact on exports in the short term, whereas currency crises decreased imports in the short term and stimulated...
Persistent link: https://www.econbiz.de/10012468522
. Empirical results suggest that countries which compete with exports from a crisis country and which export to the crisis country …
Persistent link: https://www.econbiz.de/10012470532
on trade. In addition, shocks to credit supply constrained export supply further exacerbating the decline in trade. Most …
Persistent link: https://www.econbiz.de/10012460028
simple model where exporters react to an increase in the probability of default of importers by increasing their export price … and decreasing their export volumes to destinations in crisis is consistent with this empirical finding. For longer …
Persistent link: https://www.econbiz.de/10012460386