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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
The comovement between exports and productivity observed in many countries suggests a direct link between these two … suggest that exports, productivity and the terms of trade move together in the long run in all countries except the United … attempts to examine this relationship, while recent trade theory suggests that the relationship between trade and productivity …
Persistent link: https://www.econbiz.de/10005504339
efficiency. First, treatment firms have higher productivity and quality after accounting for rug specifications. Second, when …
Persistent link: https://www.econbiz.de/10011096097
We explore the relationship between innovation activity, productivity, and exports using a panel of Spanish … innovation seems to explain the positive association between exports and productivity for this group of firms. For small non … explaining the positive export-productivity association documented in prior research. For the sample of small innovating firms …
Persistent link: https://www.econbiz.de/10005792473
dynamic performance of the US economy before 1950. A comparison with the United Kingdom, still the world productivity leader …s and the 1940s. Furthermore, this earlier process of catching up was driven by the dynamic productivity performance of … exporter of manufactured goods not simply by catching-up in labour productivity terms, but by holding the growth of real wages …
Persistent link: https://www.econbiz.de/10011272720
Current orthodoxy suggests that the Industrial Revolution began in Europe because European institutions promoted comparatively high levels of market efficiency. This Paper compares the actual efficiency of markets in Europe and China, two regions of the world that were relatively advanced in the...
Persistent link: https://www.econbiz.de/10005114184
A number of writers have recently questioned whether labour productivity or per capita incomes were ever higher in the … productivity lead in industry as early as 1840, especially in manufacturing, labour productivity was broadly equal in the two … countries in agriculture, while the United Kingdom was ahead in services. Hence aggregate labour productivity was higher in the …
Persistent link: https://www.econbiz.de/10005661647
This paper investigates the causes of the Italian consumption bust of the early 1990s by estimating deviations from 'normal' consumption using household level data for 1985-94. The data set used is a particularly rich, but as yet unexplored, source recently released by ISTAT. It contains...
Persistent link: https://www.econbiz.de/10005791410
increase in Ottoman exports, which in turn causes a 10 percent increase in capital inflows from the three source countries. Our …
Persistent link: https://www.econbiz.de/10009283394
We provide evidence on the real effects of credit supply shocks utilizing a new firm-level database from six Latin American countries between 1990 to 2005. Holding creditworthiness constant through foreign currency debt exposure, we compare investment undertaken by domestic exporters to that of...
Persistent link: https://www.econbiz.de/10009275697