Showing 1 - 10 of 65
arising from common shocks and network effects. Using monthly grain prices for 1740-1820 our analysis uncovers a secular … process of market disintegration in 221 prefectures of Qing China. Comparing our results with those for grain price panels …
Persistent link: https://www.econbiz.de/10013011330
We use two approaches to examine the macroeconomic consequences of disruptions in global food commodity markets. First, we embed a novel quarterly composite global production index for the four basic staples (corn, wheat, rice and soybeans) in a standard vector autoregression (VAR) model, and we...
Persistent link: https://www.econbiz.de/10012977153
This paper presents a dynamic model of risk-averse producers' decision to invest in physical capital and to export. The … model features irreversible investment, no capital markets and fixed and sunk costs to export. Several features of the … distribution of investment rates and export participation patterns observed in firm-level data are closely matched in a calibration …
Persistent link: https://www.econbiz.de/10013130747
export their highest-sales products across multiple destinations. To account for these regularities, we develop a model of …
Persistent link: https://www.econbiz.de/10013131349
I show in this paper that incomplete contracts affect a firm's decision about serving foreign customers through exports or local sales from an affiliated plant. When contracts between two agents within a firm are too costly to write, the share of multinational firms may be higher or lower...
Persistent link: https://www.econbiz.de/10013135913
We use a new dataset on non-resource GDP to examine the performance of commodity-exporting countries in terms of macroeconomic stability and economic growth in a panel of up to 129 countries during the period 1970-2007. Our main findings are threefold. First, we find that overall government...
Persistent link: https://www.econbiz.de/10013117356
This paper studies the performance of China's exports during the 2008—2009 financial crisis. It focuses on the speed at which China's exports were hit by this downturn. Product-country monthly exports data is utilized. It is found that GDP growth rates of importing countries play an important...
Persistent link: https://www.econbiz.de/10013120072
latter, and shows that the availability of the private label option results in greater total export volumes and lower average …
Persistent link: https://www.econbiz.de/10013085757
This paper explores firms' export dynamics in emerging economies where local firms face stiff foreign competition, both … at home and abroad, and thus compelled to choose the level of quality in which to export. We develop and test a model of … vertical product differentiation where the link between export performance and product quality is central. The impact of other …
Persistent link: https://www.econbiz.de/10012963749
provide a new quantitative welfare measure by dividing the manufacturing sector into import and export sub-sectors. We then … surprisingly, that the gains to the import sector are larger than the gains to the export sector. Moreover, the size and the …
Persistent link: https://www.econbiz.de/10013000232