Showing 1 - 10 of 317
-- with labor market frictions to study the impact of offshoring on intrafirm, intrasectoral, and intersectoral reallocation … of jobs, and on the economy-wide unemployment rate. A reduction in the offshoring cost affects intrafirm and … competition effect. The key parameters determining the impact of offshoring on reallocation of jobs at various margins as well as …
Persistent link: https://www.econbiz.de/10013060482
This paper examines the relationship between offshoring activity by U.S. multinational firms and the structure of U …, we find that offshoring multinational activity and preferential market access are positively and consistently correlated … equations approaches to address the likely endogeneity of export-oriented foreign investment, we find that each $1 billion in U …
Persistent link: https://www.econbiz.de/10013104572
Little is known about how banks shift profits to low-tax countries. Because of their specific business model, banks use profit shifting channels different from those of other firms. We propose a novel and bank-specific method of profit shifting: the strategic relocation of proprietary trading to...
Persistent link: https://www.econbiz.de/10012945103
Using firm and industry data, we establish two facts: (i) Uncertainty about demand conditions not only reduces export … of export shares from the most to the least productive incumbents. Greater skewness of the demand distribution and …
Persistent link: https://www.econbiz.de/10013315484
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
This paper provides the first in-depth study of the organization of knowledge in multinational firms. The paper develops a theoretical model that studies how firms optimally split knowledge between their headquarters and their production plants if communication costs impede the access of...
Persistent link: https://www.econbiz.de/10013020512
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
productivity with a shape parameter that depends on industry-level characteristics. A novel result is that export opportunities, by …, namely, that export opportunities increase firm heterogeneity by fostering innovation …
Persistent link: https://www.econbiz.de/10013010476
Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export … well as inventory and per shipments costs. Using a cross section of monthly firm-product-destination level French export … uncertainty by reducing their sales and, for a given export volume, by reducing their number of shipments and increasing their …
Persistent link: https://www.econbiz.de/10013054497