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Growing like China : firm performance and global production line position

Chor, Davin; Manova, Kalina; Yu, Zhihong - 2020 - Version of August, 2020

Global value chains have fundamentally transformed international trade and development in recent decades. We use matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese firms position themselves in global production lines and...

Persistent link: https://www.econbiz.de/10012501399

Firms and Economic Performance : A View from Trade

Bonfiglioli, Alessandra - 2019

We use transaction-level US import data to compare firms from virtually all countries in the world competing in a single destination market. Guided by a simple theoretical framework, we decompose countries. market shares into the contribution of the number of firm-products, their average...

Persistent link: https://www.econbiz.de/10012892143

Uncertainty, Imperfect Information, and Expectation Formation Over the Firms's Life Cycle

Chen, Cheng - 2020

Using a long-panel dataset of Japanese firms that contains firm-level sales forecasts, we provide evidence on firm-level uncertainty and imperfect information over their life cycle. We find that firms make non-negligible and positively correlated forecast errors. However, they make more precise...

Persistent link: https://www.econbiz.de/10012826001

The Sword and the Shield : The Economics of Targeted Sanctions

Ahn, Daniel P. - 2019

How effective are “smart” sanctions in imposing costs on an adversary? We consider this question in a model where a targeted regime may choose to “shield” strategically important firms from harm. Using detailed firm and individual data, we estimate the impact on firm performance from...

Persistent link: https://www.econbiz.de/10012871020

Dividend Taxation and Firm Performance with Heterogeneous Payout Responses

Bilicka, Katarzyna Anna; Güçeri, Irem; Koumanakos, … - 2023

We analyze the short and long-run performance of ﬁrms that were diﬀerentially aﬀected by a new tax on dividends in the lead-up to the Global Financial Crisis. We use exogenous policy variation for ﬁrms with diﬀerent legal statuses and ﬁnancial year-end dates to causally identify the...

Persistent link: https://www.econbiz.de/10014263915

The Global Effects of COVID-19-Induced Uncertainty

Caggiano, Giovanni - 2020

We estimate a three-variate VAR using proxies of global financial uncertainty, the global financial cycle, and world industrial production to simulate the effects of the jump in financial uncertainty observed in correspondence of the Covid-19 outbreak. We predict the cumulative loss in world...

Persistent link: https://www.econbiz.de/10012834352

The Better Route to Global Tax Coordination : Gradualism or Multilateralism?

Konrad, Kai A. - 2019

In the context of international tax coordination incomplete information is one of the well-known frictions that can lead to bargaining failure and might explain a lack of observed coordination. We consider international negotiations about tax coordination under complete and incomplete...

Persistent link: https://www.econbiz.de/10012892184

Globalization, Time-Preferences, and Populist Voting

Aronsson, Thomas - 2020

Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics … model links impatience to voters' appraisals of an income shock due to globalization that is associated with short-run costs … and delayed gains. The model shows that impatient individuals may reject further globalization if they are subject to …

Persistent link: https://www.econbiz.de/10012826005

Backward Versus Forward Integration of Firms in Global Value Chains

Egger, Peter; Erhardt, Katharina; Masllorens, Gerard - 2021

model of vertical integration in a supplier-producer relationship that is rooted in the property-rights theory to learn …

Persistent link: https://www.econbiz.de/10013224089

Firm Heterogeneity and the Labour Market Effects of Trade Liberalisation

Egger, Hartmut; Kreickemeier, Udo - 2021

This paper develops a model that incorporates workers' fair wage preferences into a general equilibrium framework with monopolistic competition between heterogeneous firms à la Melitz (2003). By assuming that the wage considered to be fair by workers depends on the productivity and thus the...

Persistent link: https://www.econbiz.de/10013317452

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