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How Trade Credits Foster International Trade

Eck, Katharina; Engemann, Martina; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2012

Internationally active firms rely intensively on trade credits even though they are considered particularly expensive. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial constraints arising from asymmetric information...

Persistent link: https://www.econbiz.de/10011083260

Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard?

Sabirianova Peter, Klara; Svejnar, Jan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2005

Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier …

Persistent link: https://www.econbiz.de/10005792168

The Fossile Episode

Hassler, John; Sinn, Hans-Werner - C.E.P.R. Discussion Papers - 2012

We build a two-sector dynamic general equilibrium model with one-sided substitutability between fossil carbon and biocarbon. One shock only, the discovery of the technology to use fossil fuels, leads to a transition from an inital pre-industrial phase to three following phases: a pure fossil...

Persistent link: https://www.econbiz.de/10011083327

The Foreign Service and Foreign Trade: Embassies as Export Promotion

Rose, Andrew K - C.E.P.R. Discussion Papers - 2005

information-gathering. Accordingly, foreign services are increasingly marketing themselves as agents of export promotion. I …-section of data covering 22 large exporters and 200 import destinations. Bilateral exports rise by approximately 6-10% for each …

Persistent link: https://www.econbiz.de/10005791718