Showing 1 - 10 of 695
We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … bias of monetary policy. Our results suggest that increased trade could account for as much as a quarter of European …
Persistent link: https://www.econbiz.de/10005667140
This Paper builds a multi-country, multi-sector general equilibrium model that explains the decision of heterogeneous firms to serve foreign markets either through exports or local subsidiary sales (FDI). These modes of market access involve different relative costs, some of which are sunk while...
Persistent link: https://www.econbiz.de/10005791827
will be net exporters in scale-intensive industries. The hypotheses are empirically tested by studying the trade of each …
Persistent link: https://www.econbiz.de/10005792049
During the last two decades new research has greatly advanced our understanding of the structure of world trade. This … foreign trade the discussion is in two parts. One part examines the links between factor endowments and trade flows. New … across countries. A second part examines determinants of the volume of trade, the share of intra-industry trade and evidence …
Persistent link: https://www.econbiz.de/10005661848
investigates how global value chain-related trade affects the export performance of manufacturing firms in South Africa. In … results confirm that global value chain-related trade is associated with a higher productivity premium compared with … traditional trade. However, within the categories of exporters, only the firms that trade in global value chain-related products …
Persistent link: https://www.econbiz.de/10012424132
This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets they serve, and update their beliefs as noisy...
Persistent link: https://www.econbiz.de/10011213311
I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the … the structure of international trade flows. I also review empirical work suggestive of the empirical relevance of the …
Persistent link: https://www.econbiz.de/10009320400
reactions to the Canada-United States Free Trade Agreement of 1989 (CUSFTA). Using the uncertainty surrounding the agreement …
Persistent link: https://www.econbiz.de/10009320407
What is the impact of Chinese import competition on Nordic producer prices? In a panel covering 23 (2 digit) NACE manufacturing sectors from 1995 to 2008, instrumental variable estimations predict that when Chinese imports capture a 1% increase in market share, Nordic producer prices decrease by...
Persistent link: https://www.econbiz.de/10009275961
potential explanation for these puzzles by nesting the above theories in a multi-location model with trade costs. Using a number …
Persistent link: https://www.econbiz.de/10009207519