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, Kortum and Kramarz, in particular the higher sales in France of firms that choose to export to more destinations. The model … predicts that most firms do not export, and that a large proportion of firms that export in particular markets do so in small …
Persistent link: https://www.econbiz.de/10012464433
Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their competitive position. Using data on firms in 27 emerging market economies, we estimate the effects of foreign competition, vertical linkages with foreign firms, and international...
Persistent link: https://www.econbiz.de/10012464166
We document how demand shocks in export markets lead French multi-product exporters to re-allocate the mix of products … sold in those destinations. In response to positive demand shocks, those French firms skew their export sales towards their … increased competition from demand shocks in export markets - and the induced product mix reallocations - induce productivity …
Persistent link: https://www.econbiz.de/10012456244
Business strategy can be defined as a firm's plan to generate economic profits based on lower cost, better quality, or new products. The analysis of business strategy is thus at the intersection of market competition and a firm's efforts to secure persistently superior performance via...
Persistent link: https://www.econbiz.de/10012457820
We decompose the "China shock" into two components that induce different adjustments for firms exposed to Chinese exports: a horizontal shock affecting firms selling goods that compete with similar imported Chinese goods, and a vertical shock affecting firms using inputs similar to the imported...
Persistent link: https://www.econbiz.de/10012616643
export market sales. As a result, exporting firms have a higher payoff from R&D investment, invest in R&D more frequently … differ in their export market exposure. Simulating the introduction of trade tariffs we find a substantial reduction in firms …
Persistent link: https://www.econbiz.de/10012480879
Motivated by the long-standing debate on the pros and cons of competitive devaluation, we propose a new perspective on how monetary and exchange rate policies can contribute to a country's international competitiveness. We refocus the analysis on the implications of monetary stabilization for a...
Persistent link: https://www.econbiz.de/10012479715
This paper investigates how the tying of complementary products can be used to preserve and extend monopoly positions. We first show how a firm that is a monopolist of a product in the current period can use tying to preserve its monopoly position in future periods. We then show using related...
Persistent link: https://www.econbiz.de/10012471980
Despite the historic prevalence of industrial policy and its current popularity, few empirical studies directly evaluate its welfare consequences. This paper examines an important industrial policy in China in the 2000s, aiming to propel the country's shipbuilding industry to the largest...
Persistent link: https://www.econbiz.de/10012480022
-related outcomes. We define and examine four types of shocks to trade flows: import competition, export opportunities, access to …, export opportunities and access to imported intermediates tend to encourage innovation, but the evidence on import …
Persistent link: https://www.econbiz.de/10012453005