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Heterogeneous Firms in a Product Fragmentation World
Gao, Yue - 2013
elsewhere) can be used by multinational firms which have different productivity to serve the market abroad when product chains … abroad by either horizontal or vertical FDI. Upon opening a market to trade, firms with the lowest productivity will exit …, those with intermediate productivity will export, and those with higher productivity will choose fragmentation. Among the …
Persistent link: https://www.econbiz.de/10013082006
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Economic Integration and the Optimal Corporate Tax Structure with Heterogeneous Firms
Bauer, Christian - 2011
drives low-productivity firms from the small country's home market, replacing them with high-productivity exporters from … abroad. This endogenous policy response creates a selection effect that increases the average productivity of home firms when …
Persistent link: https://www.econbiz.de/10013120658
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The Impact of Trade on Employment, Welfare, and Income Distribution in Unionized General Oligopolistic Equilibrium
Egger, Hartmut - 2010
productivity differences, the model features profit and wage differentials across industries. We use this setting to study the …
Persistent link: https://www.econbiz.de/10013149008
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The Quantitative Importance of Openness in Development
Cai, Wenbiao - 2013
This paper deals with a classic development question: how can the process of economic development – transition from stagnation in a traditional technology to industrialization and prosperity with a modern technology – be accelerated? Lewis (1954) and Rostow (1956) argue that the pace of...
Persistent link: https://www.econbiz.de/10013075128
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Uncertainty-Driven Business Cycles : Assessing the Markup Channel
Born, Benjamin - 2017
A growing recent literature relies on a precautionary pricing motive embedded in representative agent DSGE models with sticky prices and wages to generate negative output effects of uncertainty shocks. We assess whether this theoretical model channel is consistent with the data. Building a New...
Persistent link: https://www.econbiz.de/10012962916
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Asset Ownership and Foreign-Market Entry
Raff, Horst - 2006
This paper examines the link between a firm's ownership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry - and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through...
Persistent link: https://www.econbiz.de/10012780461
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Explaining the Size Differences of Exporter Productivity Premia : Theory and Evidence
Geishecker, Ingo - 2014
Why is it that exporter productivity premia (EPP) differ so widely in size? We take this question to the theory and to … EPPs across sectors, and hence across countries, can be explained by the variation in productivity dispersion, trade costs …
Persistent link: https://www.econbiz.de/10013057657
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Demographic Structure and Macroeconomic Trends
Aksoy, Yunus; Basso, Henrique S.; Smith, Ron; Grasl, Tobias - 2021
The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
Persistent link: https://www.econbiz.de/10013315503
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Incomplete Specialization and Offshoring Across Europe
Frensch, Richard - 2012
Recent empirical studies have been searching for evidence on and driving forces for offshoring. Frequently, this has been done by analyzing gross trade flows related to offshore activities using gravity equations augmented by ad hoc measures of supply-side country differences. This paper...
Persistent link: https://www.econbiz.de/10013106562
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Trade Flows and Trade Specialisation : The Case of China
Caporale, Guglielmo Maria - 2015
in China's trade patterns. The analysis is based on both economic indicators and the estimation of a gravity model, and …
Persistent link: https://www.econbiz.de/10013026682