Showing 1 - 10 of 978
developing economy grows faster than the rest of the world as a result of global fragmentation and trade in intermediates if it … intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical …
Persistent link: https://www.econbiz.de/10013314672
The offshoring of production by multinational firms has expanded dramatically in recent decades, increasing these firms … probability. We also show that a firm’s probability of offshoring increases with the share of its employees who are immigrants …
Persistent link: https://www.econbiz.de/10012892039
affect the volume of offshoring between U.S. companies and their affiliates. The suggested argument is stronger for the …
Persistent link: https://www.econbiz.de/10013316890
Recent disruptions to global value chains (GVCs) have raised an important question: Can decoupling from GVCs increase a country’s welfare by reducing its exposure to foreign supply shocks? We use a quantitative trade model to simulate GVCs decoupling, defined as increased barriers to global...
Persistent link: https://www.econbiz.de/10013227605
uncertainty by observing offshoring firms’ behaviour. The model characterises a sequential offshoring equilibrium path, led by the … Colombia, we test for the determinants and timing of offshoring decisions. We also derive spatial probit structural models to … identify the firms’ dynamic trade-off when they decide on the offshoring location. We find supportive evidence for the model …
Persistent link: https://www.econbiz.de/10014242796
We study the welfare impact of rules of origin in free trade agreements where final-good producers source customized inputs from suppliers within the trading bloc. We employ a property-rights framework that features hold-up problems in suppliers’ decisions to invest, and where underinvestment...
Persistent link: https://www.econbiz.de/10014077185
We develop a theory of a firm in an incomplete contracts environment which decides on its complexity, organization, and global scale. Specifically, the firm decides i) how thinly it wants to slice its production process by choosing the mass of symmetric intermediate inputs that are...
Persistent link: https://www.econbiz.de/10010277412
We investigate theoretically and empirically the role of wholesalers in mediating the productivity effects of trade liberalization. Intermediaries provide indirect access to foreign produced inputs. The productivity effects of input tariff cuts on firms that do not directly import therefore...
Persistent link: https://www.econbiz.de/10012857766
We study the efficacy of releases from the U.S. Strategic Petroleum Reserve (SPR) within the context of fully specified models of the global oil market that explicitly allow for storage demand as well as unanticipated changes in the SPR. Using novel identifying strategies and evaluation methods,...
Persistent link: https://www.econbiz.de/10012865918
We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the typical industry, while it is stable by industry and origin country. The fall in concentration is driven by the extensive margin: the number of exporting firms has grown, and the...
Persistent link: https://www.econbiz.de/10013235106