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To serve foreign markets, firms can either export or set up a local subsidiary through horizontal Foreign Direct …
Persistent link: https://www.econbiz.de/10011378320
This paper analyzes the impact of financial development on export concentration. I incorporate credit constraints into … increases innovation activity and export shares of larger firms. In contrast, a model variant in which exporters have to finance … production costs instead of investments suggests a negative impact of financial development on export concentration as smaller …
Persistent link: https://www.econbiz.de/10014255423
Previous empirical studies on the effect of age on productivity and wages find contradicting results. Some studies find that if workers grow older there is an increasing gap between productivity and wages, i.e. wages increase with age while productivity does not or does not increase at the same...
Persistent link: https://www.econbiz.de/10010276096
In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus value of a realized match. From this perspective our study presents an econometric analysis of the influence of labor market flows on wage formation as alternative to the...
Persistent link: https://www.econbiz.de/10011334346
We investigate the major choice of college graduates where we make choice dependent on expected initial wages and expected wage growth per major. We build a model that allows us to estimate these factors semiparametrically and that corrects for selection bias. We estimate the model on the...
Persistent link: https://www.econbiz.de/10012228687
Increasing attention has been given to the fact that some multinational enterprises shift income to tax haven countries, an activity that generates inequality in corporate taxation. Here, we examine how profit shifting relates to wage inequality. Using rich matched employer-employee data from...
Persistent link: https://www.econbiz.de/10013299336
Persistent link: https://www.econbiz.de/10003851203
Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on international trade. I use a large data set covering the travel activities of the heads of state of...
Persistent link: https://www.econbiz.de/10010261361
export activity and job stability across employment skills. Relying on detailed firm-level data from France for the period … 1996-2007, we show that firms with higher export intensity exhibit a lower volatility of skilled labor demand relative to … provide evidence on the causal effect of the export performance of the firm on the volatility of employment of different …
Persistent link: https://www.econbiz.de/10012892069
We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of demand in monopolistic competition. Applications include a new “CREMR” demand function (Constant Revenue Elasticity of Marginal Revenue): it is necessary and sufficient for...
Persistent link: https://www.econbiz.de/10012892151