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The paper investigates dynamic linkages between entry and exit rates in Brazilian manufacturing in the context of 231 (4-digits) industries during the 1996-2005 period. The empirical analysis focuses on the estimation of a dynamic panel data for entry and exit rates and controls for the business...
Persistent link: https://www.econbiz.de/10013315797
This paper develops a theory of firm selection and growth and embeds it into an international trade framework of balanced growth. I assume that firm-level growth is the result of idiosyncratic productivity improvements while there is continuous arrival of new potential producers. Firms can also...
Persistent link: https://www.econbiz.de/10013316364
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
Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting. This paper employs two new data sets to shed light on the magnitude and structure of this business, which, as we show, is highly concentrated in a few large banks. The two...
Persistent link: https://www.econbiz.de/10013054021
effects on export growth. A shock of one standard deviation to a country's supply of trade finance decreases exports, on … aggregate uncertainty is high. Our results imply that global banks affect export patterns and suggest that trade finance played …
Persistent link: https://www.econbiz.de/10013057250
; especially a location in the Northern part of the Netherlands reduces the probability to export. Third, the manufacturing sector … non-exporters. However, selecting high export potentials is difficult in practice. The contribution of this paper is to … characterize and identify these (high) export potentials. According to the Melitz (2003) model, potential exporters have to be …
Persistent link: https://www.econbiz.de/10012951688
The vast majority of federations lack exit clauses. Existing theoretical explanations of this stylized fact focus on issues of credible commitment, signaling, and the risk of strategic exploitation. However, such accounts are unable to explain the adoption by the European Union (EU) of Article...
Persistent link: https://www.econbiz.de/10012910625
Using firm-level data for the UK, we investigate the link between firms' financial health, borrowing ratio and export … position of firms has increased the hazard of export exit during the crisis. We also find that the sensitivity of export exit …
Persistent link: https://www.econbiz.de/10013076975
We integrate individual power in groups into general equilibrium models. The relationship between group formation, resource allocation, and the power of specific individuals or particular sociological groups is investigated. We introduce, via an illustrative example, three appealing concepts of...
Persistent link: https://www.econbiz.de/10013316483
We estimate by means of indirect inference a structural economic model where firms' exit and investment decisions are the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the current capital stock and a measure of short-run...
Persistent link: https://www.econbiz.de/10013028914