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Competition, Globalization and the Decline of Inflation
Chen, Natalie; Imbs, Jean; Scott, Andrew - C.E.P.R. Discussion Papers - 2004
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
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Export versus FDI
Helpman, Elhanan; Melitz, Marc J; Yeaple, Stephen R - C.E.P.R. Discussion Papers - 2003
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
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Country Size and Comparative Advantage: An Empirical Study
Torstensson, Johan - C.E.P.R. Discussion Papers - 1997
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
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The Structure of Foreign Trade
Helpman, Elhanan - C.E.P.R. Discussion Papers - 1998
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
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Demand learning and firm dynamics: evidence from exporters
Berman, Nicolas; Rebeyrol, Vincent; Vicard, Vincent - C.E.P.R. Discussion Papers - 2015
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
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Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production
Antràs, Pol - C.E.P.R. Discussion Papers - 2011
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
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Heterogeneous Firm-Level Responses to Trade Liberalization: A Test Using Stock Price Reactions
Breinlich, Holger - C.E.P.R. Discussion Papers - 2011
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
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The arrival of cheap goods: Measuring the impact of Chinese import competition on Nordic prices
Auer, Raphael; Fischer, Andreas M; Kropf, Andreas - C.E.P.R. Discussion Papers - 2011
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
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A Many-Country Model of Industrialization
Breinlich, Holger; Cuñat, Alejandro - C.E.P.R. Discussion Papers - 2011
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
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Trade, Firms, and Wages: Theory and Evidence
Amiti, Mary; Davis, Donald R - C.E.P.R. Discussion Papers - 2008
How does trade liberalization affect wages? This is the first paper to consider in theory and data how the impact of …
Persistent link: https://www.econbiz.de/10005666626