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switching channel. Pricing exports in the dominant vs. producer currency mutes the effect of DCF on trade. …We propose a new channel through which exchange rates affect trade. Exploiting the heterogeneity in firms' foreign … currency debt maturity structure around a large depreciation in Colombia, we show that debt revaluation compresses imports due …
Persistent link: https://www.econbiz.de/10014377488
connect the theory of trade with heterogeneous firms to the real-world empirical evidence that motivated the development of …
Persistent link: https://www.econbiz.de/10014469855
Manufacturing accounts for more than three-quarters of U.S. corporate patents. The competitive shock to this sector emanating from China's economic ascent could in theory either augment or stifle U.S. innovation. Using three decades of U.S. patents matched to corporate owners, we quantify how...
Persistent link: https://www.econbiz.de/10012861408
increase in French exports to the new members. While workers benefited overall, those competing most directly with imports … exports to a destination break down into more firms selling there and more buyers per exporter. We develop a quantitative … matching frictions in gravity. In the cross section, we find matching frictions as important as iceberg costs in impeding trade …
Persistent link: https://www.econbiz.de/10013306035
In this paper, we zoom in on the firm level of German merchandise foreign trade, using a novel data base with … consolidated reporting of taxable entities and the reporting thresholds present in intra-EU trade have been largely eliminated … distribution of the number of products they trade and the number of countries they trade with. Moreover, we examine the importance …
Persistent link: https://www.econbiz.de/10014347018
Migration and trade are often linked through ethnic networks boosting bilateral trade. This study uses migration to … quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel … estimates connecting country-industry productivity and exports, and the study exploits heterogeneous technology diffusion from …
Persistent link: https://www.econbiz.de/10011584915
Unions are often stigmatized as being a source of inefficiency due to higher collective bargaining outcomes. This is in stark contrast with the descriptive evidence presented in this paper. Larger firms choose to export and are also more likely to adopt collective bargaining. We rationalize...
Persistent link: https://www.econbiz.de/10010435760
this sector have the ability to deliver cement either from domestic plants or from imports. Since cement is costly to … transport via land, the difference in marginal cost between local production and imports varies across local markets. The … marginal cost of imports is lower in areas with access to a sea port, decreasing the relative value of investing in local …
Persistent link: https://www.econbiz.de/10010274906
This paper explores the effect of natural resource dependence on market concentration of imports. Using a new panel … dependence is associated with larger market concentration of imports and with higher tariffs. The effect on the concentration of … database for importing firms in developing and emerging market economies, the paper shows that higher natural resource …
Persistent link: https://www.econbiz.de/10012657960
economy during 2011-2019. We integrate datasets on trade activities, firms', and workers' characteristics for the population …
Persistent link: https://www.econbiz.de/10014469504