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Firms' exports, volatility and skills : evidence from France
Bas, Maria; Bombarda, Pamela; Jean, Sébastien; … - 2019
Inequalities between workers of different skills have been growing in the era of globalization. Firms' internationalization mode has an impact on job stability. Exporting firms are not only exposed to different foreign shocks, they also pay skill-intensive fixed costs to serve foreign markets....
Persistent link: https://www.econbiz.de/10011973974
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Export decision under risk
Sousa, José de; Disdier, Anne-Célia; Gaigné, Carl - 2016
sales and exporting probabilities but also makes exports less sensitive to trade policy; (ii) the most productive exporters …
Persistent link: https://www.econbiz.de/10011547934
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Global engagement and returns volatility
Girma, Sourafel; Lancheros, Sandra; Riaño, Alejandro - 2015
margins of global engagement we consider, namely, exports and sales via foreign affiliates, have both a positive and …
Persistent link: https://www.econbiz.de/10011405146
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Exchange rate volatility, financial constraints and trade : empirical evidence from Chinese firms
Héricourt, Jérôme; Poncet, Sandra - 2013
This paper studies how firm-level export performance is affected by Real Exchange Rate (RER) volatility and investigates whether this effect depends on existing financial constraints. Our empirical analysis relies on export data for more than 100,000 Chinese exporters over the 2000-2006 period....
Persistent link: https://www.econbiz.de/10009765054
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Slow to hire, quick to fire : employment dynamics with asymmetric responses to news
Ilut, Cosmin; Kehrig, Matthias; Schneider, Martin - 2017
Concave hiring rules imply that firms respond more to bad shocks than to good shocks. They provide a unified explanation for several seemingly unrelated facts about employment growth in macro and micro data. In particular, they generate countercyclical movement in both aggregate conditional...
Persistent link: https://www.econbiz.de/10011637667
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Volatility and diversification of exports : firm-level theory and evidence
Vannoorenberghe, Gonzague; Wang, Zheng; Yu, Zhihong - 2014
countries have more volatile exports, while the opposite holds among large exporters. This result, which stands in marked … theoretical explanation for these observations rests on the presence of fixed costs of exports per destination and short …-run demand shocks. In this setup, the volatility of a firm’s exports depends not only on the diversification of its destination …
Persistent link: https://www.econbiz.de/10010384382
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Offshoring under uncertainty
Kohler, Wilhelm; Kukharskyy, Bohdan - 2018
We develop a theoretical framework to explain firms' offshoring decisions in the presence of uncertainty. This model highlights the role of labor market institutions in shaping a firm's ability to effectively react upon future shocks, yielding a sharp prediction of the prevalence of offshoring...
Persistent link: https://www.econbiz.de/10011882486
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Offshoring and volatility of demand
Benz, Sebastian; Kohler, Wilhelm; Yalçin, Erdal - 2016
In this paper we explore the role that demand uncertainty plays for the offshoring decision, and the role that offshoring plays for domestic volatility of employment. Offshoring is modeled as in Antràs & Helpman (2004), but we assume complete contracts. Firms are heterogeneous as in Melitz...
Persistent link: https://www.econbiz.de/10011497799
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On the relationship between trade openness and government size
Farhad, Mohammad; Jetter, Michael - 2019
Does trade openness systematically imply bigger governments, as proposed by Rodrik (1998)? This paper presents a novel and more refined explanation for when and why international trade may enlarge the public sector. We propose that trade openness is associated with bigger governments if (i) the...
Persistent link: https://www.econbiz.de/10012103413
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The relative volatility of commodity prices : a reappraisal
Arezki, Rabah; Lederman, Daniel; Zhao, Hongyan - 2011
This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more...
Persistent link: https://www.econbiz.de/10009489287