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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...
Persistent link: https://www.econbiz.de/10013130747
multi-product exporters: (i) few top-selling products account for the bulk of a firm's exports in a market, (ii) the …
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 …
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 role in explaining how fast exports fall below the values of the same …
Persistent link: https://www.econbiz.de/10013120072
diversity of exports. Direct sales maintain a firm's unique product characteristics (‘brand equity'), whereas trade through an …
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...
Persistent link: https://www.econbiz.de/10012963749
We examine the gains from Chinese accession to the WTO. Using Arkolakis, Costinot, and Rodríguez-Clare (2012) we provide a new quantitative welfare measure by dividing the manufacturing sector into import and export sub-sectors. We then evaluate how the increased openness caused by China's...
Persistent link: https://www.econbiz.de/10013000232
regularity conditions and assuming a Cobb Douglas production function, it is shown that (log) oil exports enter the long run … money balances, inflation, real exchange rate, oil exports, and foreign real output, the paper finds clear evidence for two … acting as a proxy for the (missing) market interest rate. Real output in the long run is shaped by oil exports through their …
Persistent link: https://www.econbiz.de/10013154686
Stimulating firms to become exporters is of interest to policy makers, as exporters are in general more productive than non-exporters. However, selecting high export potentials is difficult in practice. The contribution of this paper is to characterize and identify these (high) export...
Persistent link: https://www.econbiz.de/10012951688