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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

Revisiting Time as a Trade Barrier : Evidence from a Panel Structural Gravity Model

Oberhofer, Harald - 2019

In this paper we revisit the evidence on the effects of time spent on border-crossing procedures for international trade using a theory-consistent structural gravity model. We exploit a rich panel data set including domestic trade flows and employ a recent econometric estimator that exhibits...

Persistent link: https://www.econbiz.de/10012892158

Hoarding of International Reserves : Mrs Machlup's Wardrobe and the Joneses

Cheung, Yin-Wong; Qian, Xingwang - 2021

Motivated by the observed international reserve hoarding behavior in the post-1997 crisis period, we explore the Mrs Machlup's wardrobe hypothesis and the related keeping-up-with-the-Joneses argument. It is conceived that, in addition to psychological reasons, holding a relatively high level of...

Persistent link: https://www.econbiz.de/10013316903

Transportation Costs and the Great Divergence

Azarnert, Leonid V. - 2014

This work shows the asymmetric effect of the reduction in transportation costs across different sectors in the process of the Great Divergence. Specifically, the analysis indicates that reductions in transportation costs of industrial goods enhance convergence of the growth rates of trading...

Persistent link: https://www.econbiz.de/10010352350

The Dominant Currency Financing Channel of External Adjustment

Casas, Camila; Meleshchuk, Sergii; Timmer, Yannick - 2023

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

The Dynamics of Automation Adoption: Firm-Level Heterogeneity and Aggregate Employment Effects

Bisio, Laura; Cuzzola, Angelo; Grazzi, Marco; … - 2023

We investigate the impact of investment in automation-related goods on adopting and non-adopting firms in the Italian economy during 2011-2019. We integrate datasets on trade activities, firms', and workers' characteristics for the population of Italian importing firms and estimate the effects...

Persistent link: https://www.econbiz.de/10014469504

Reproducing the Stylized Facts that Motivate Models of International Trade with Heterogeneous Firms Using the World Bank Enterprise Surveys

Riaño, Alejandro - 2023

This article shows how to use the publicy-available firm-level surveys produced by the World Bank Enterprise Surveys (WBES) to reproduce the stylized facts that characterize firm heterogeneity and its relationship with global engagement, as established by Bernard et al. (2007) for manufacturing...

Persistent link: https://www.econbiz.de/10014469855

Capacity investment under demand uncertainty: An empirical study of the US cement industry, 1994-2006

Ponssard, Jean-Pierre; Thomas, Catherine - 2010

Uncertainty about the level of demand is thought to influence irreversible capacity decisions. This paper examines some … 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 …

Persistent link: https://www.econbiz.de/10010274906

Trade and Uncertainty

Novy, Dennis; Taylor, Alan M. - 2014

We offer a new explanation as to why international trade is so volatile in response to economic shocks. Our approach combines the uncertainty shock idea of Bloom (2009) with a model of international trade, extending the idea to the open economy. Firms import intermediate inputs from home or...

Persistent link: https://www.econbiz.de/10010398680

Natural Resource Dependence and Monopolized Imports

Arezki, Rabah; Fernandes, Ana Margarida; Merchán, Federico - 2021

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 … imports is found to be more pronounced for exporters of 'point-based' resources, imports of primary and consumption goods than …

Persistent link: https://www.econbiz.de/10012657960