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their profitability in different countries and products, but learn it as they start to export. As a consequence, exporters …, we find empirical support consistent with such a mechanism, where firms learn from their initial export experiences and …
Persistent link: https://www.econbiz.de/10013224082
where R&D efficiency varies across countries and productivity differences emerge from firm-level technology investments. The … with higher R&D efficiency are richer and have comparative advantage in more innovation-dependent industries where the … advantage of backwardness is lower and knowledge spillovers are more localized. I estimate R&D efficiency by country and …
Persistent link: https://www.econbiz.de/10012866618
The recent deployment of fibre-optic submarine cables (SMCs) in sub-Saharan Africa (SSA) raised the prospects for the digital economy expansion and the whole sub-continent take-off, but also exposed countries and populations to new sources of vulnerability. This paper provides empirical evidence...
Persistent link: https://www.econbiz.de/10012850082
We re-examine the effects of negative weather anomalies during the growing season on the decision to migrate in rural households in five sub-Saharan African countries. To this end we combine a multi-country household panel dataset with high-resolution gridded precipitation data. We find that...
Persistent link: https://www.econbiz.de/10013300863
Many policymakers view power outages as a major constraint on firm productivity in developing countries. Yet empirical studies find modest short-run effects of outages on firm performance. This paper builds a dynamic macroeconomic model to study the long-run general-equilibrium effects of power...
Persistent link: https://www.econbiz.de/10013309487
Using business survey data on German manufacturing firms, this paper provides tests for hypotheses formulated in capital market imperfection theories that predict distributional effects in the transmission of monetary policy. The business conditions of small firms are found to be somewhat more...
Persistent link: https://www.econbiz.de/10010261201
The idea of an industrial policy that promotes large businesses - heavyweights - as the best way to compete in a globalized world has become, again, en vogue among European politicians. The only apparent controversy about the idea revolves around whether it is better to promote national...
Persistent link: https://www.econbiz.de/10010264240
In this paper, unlike the conventional wisdom, we demonstrate that the relationship between the size of the market and number of firms would be non-monotonic. While moderate rise in the size would force the local firms to exit and only the foreign firm rules, substantial rise in the size would...
Persistent link: https://www.econbiz.de/10014077000
This paper quantifies the origins of firm size heterogeneity when firms are interconnected in a production network. Using the universe of buyer-supplier relationships in Belgium, the paper develops a set of stylized facts that motivate a model in which firms buy inputs from upstream suppliers...
Persistent link: https://www.econbiz.de/10012892141
I consider a two-period model in which being "too big" is only a necessary condition for an insolvent firm to receive a government bailout because, in addition to meeting a threshold asset size, the firm must engage in a lobbying contest in order to be bailed out. The firm has a political...
Persistent link: https://www.econbiz.de/10012892181