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Selfish Corporations
Colonnelli, Emanuele; Gormsen, Niels; McQuade, Timothy - National Bureau of Economic Research - 2022
Motivated by the public debate regarding corporate responsibility, we construct a memory-based model of decision-making to illustrate how corporate and political communication can impact policy preferences. We test the predictions of our model in a new large-scale survey of U.S. citizens on...
Persistent link: https://www.econbiz.de/10013435138
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China’s Industrial Policy : an Empirical Evaluation
Barwick, Panle Jia - 2019
evaluate its welfare consequences. This paper examines an important industrial policy in China in the 2000s, aiming to propel … model of firm entry, exit, investment, and production, we find that the scale of the policy was massive and boosted China …
Persistent link: https://www.econbiz.de/10012480022
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Quid Pro Quo : Technology Capital Transfers for Market Access in China
Holmes, Thomas J. - 2013
Despite the recent rapid development and greater openness of China's economy, FDI flows between China and … technologically advanced countries are relatively small in both directions. We assess global capital flows in light of China's quid … model to data. We also find large welfare gains for China--and welfare losses for its FDI partners--from quid pro quo …
Persistent link: https://www.econbiz.de/10012459412
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Going Green in China : Firms’ Responses to Stricter Environmental Regulations
Fan, Haichao - 2019
This paper examines the effect of stringent environmental regulations on firms' environmental practices, economic performance, and environmental innovation. Reducing COD levels by 10% relative to 2005 levels is an aim of the Chinese 11th Five-Year Plan. Using a difference-in-differences...
Persistent link: https://www.econbiz.de/10012480484
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Firm Export Dynamics in Interdependent Markets
Alfaro-Urena, Alonso; Castro-Vincenzi, Juanma; Fanelli, … - National Bureau of Economic Research - 2023
We estimate a model of firm export dynamics featuring cross-country complementarities. The firm decides where to export by solving a dynamic combinatorial discrete choice problem, for which we develop a solution algorithm that overcomes the computational challenges inherent to the large...
Persistent link: https://www.econbiz.de/10014337843
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Market Access, Economic Geography, and Comparative Advantage : An Empirical Assessment
Davis, Donald R. - 1998
The increasing returns revolution in trade is incomplete in an important respect there exists no compelling empirical demonstration of the role of increasing returns in determining production and trade structure. One reason is that trade patterns of the canonical increasing returns models are a...
Persistent link: https://www.econbiz.de/10012472026
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Multinational Expansion in Time and Space
Garetto, Stefania - 2019
This paper studies the expansion patterns of the multinational enterprise (MNE) in time and space. Using a long panel of US MNEs, we document that MNE affiliates usually start with sales exclusively to the host market and eventually enter export markets, and that this extensive margin of...
Persistent link: https://www.econbiz.de/10012479754
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The Incidence of Foreign Market Accessibility on Farmland Rental Rates
Yu, Jisang - 2020
We estimate the impact of the tariffs that U.S. export crops face on farmland rental rates. The estimation of the impact of the localized measure on the rents faces two aggregation problems that lead to identification challenges: a) aggregating tariffs across trading partners to obtain...
Persistent link: https://www.econbiz.de/10012481763
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International Trade and Innovation
Akcigit, Ufuk; Melitz, Marc J. - National Bureau of Economic Research - 2021
This chapter was prepared for the Handbook of International Economics (Vol. 5) edited by Gita Gopinath, Elhanan Helpman, and Kenneth Rogoff. We provide a review of the recent literature -- both theoretical and empirical -- analyzing the multi-dimensional connections between globalization and...
Persistent link: https://www.econbiz.de/10012794638
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Firm Entry, Trade, and Welfare in Zipf's World
Giovanni, Julian di - 2010
Firm size follows Zipf's Law, a very fat-tailed distribution that implies a few large firms account for a disproportionate share of overall economic activity. This distribution of firm size is crucial for evaluating the welfare impact of economic policies such as barriers to entry or trade...
Persistent link: https://www.econbiz.de/10012462344