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How do different exporters react to exchange rate changes? Theory, empirics and aggregate implications

Berman, Nicolas; Martin, Philippe; Mayer, Thierry - C.E.P.R. Discussion Papers - 2009

distribution costs in the export market, high and low productivity firms react differently to a depreciation . Whereas high … productivity firms optimally raise their markup rather than the volume they export, low productivity firms choose the opposite … aggregate impact of exchange rate movements. The presence of fixed costs to export means that only high productivity firms can …

Persistent link: https://www.econbiz.de/10008506840

Productivity Spillovers, Terms of Trade and the 'Home Market Effect'

Corsetti, Giancarlo; Martin, Philippe; Pesenti, Paolo - C.E.P.R. Discussion Papers - 2005

This paper analyses the welfare implications of international spillovers related to productivity gains, changes in …-equilibrium model with monopolistic competition, drawing a distinction between productivity gains that enhance manufacturing efficiency …

Persistent link: https://www.econbiz.de/10005123889

Spatial Concentration and Firm-Level Productivity in France

Martin, Philippe; Mayer, Thierry; Mayneris, Florian - C.E.P.R. Discussion Papers - 2008

This paper analyzes empirically the effect of spatial agglomeration of activities on the productivity of firms using … location choice: we find very little difference between the geography that would maximize productivity gains and the geography …

Persistent link: https://www.econbiz.de/10005498038

Institutional Causes, Macroeconomic Symptoms: Volatility, Crises and Growth

Acemoglu, Daron; Johnson, Simon; Robinson, James A; … - C.E.P.R. Discussion Papers - 2002

Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...

Persistent link: https://www.econbiz.de/10005136626

The Rise of Europe: Atlantic Trade, Institutional Change and Economic Growth

Acemoglu, Daron; Johnson, Simon; Robinson, James A - C.E.P.R. Discussion Papers - 2003

This Paper documents that the rise of (Western) Europe between 1500 and 1850 is largely accounted for by the growth of European nations with access to the Atlantic, and especially by those nations that engaged in colonialism and long distance oceanic trade. Moreover, Atlantic ports grew much...

Persistent link: https://www.econbiz.de/10005067437

Income and Democracy

Acemoglu, Daron; Johnson, Simon; Robinson, James A; … - C.E.P.R. Discussion Papers - 2005

We revisit one of the central empirical findings of the political economy literature that higher income per capita causes democracy. Existing studies establish a strong cross-country correlation between income and democracy, but do not typically control for factors that simultaneously affect...

Persistent link: https://www.econbiz.de/10005666490

Reevaluating the Modernization Hypothesis

Acemoglu, Daron; Johnson, Simon; Robinson, James A; … - C.E.P.R. Discussion Papers - 2007

This paper revisits and critically re-evaluates the widely-accepted modernization hypothesis which claims that per capita income causes the creation and the consolidation of democracy. We argue that existing studies find support for this hypothesis because they fail to control for the presence...

Persistent link: https://www.econbiz.de/10005661513