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Sales and markup dispersion : theory and empirics

Mrázová, Monika; Neary, J. Peter; Parenti, Mathieu - 2018

We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of demand in monopolistic competition. Applications include a new “CREMR” demand function (Constant Revenue Elasticity of Marginal Revenue): it is necessary and sufficient for...

Persistent link: https://www.econbiz.de/10011955531

A structural quantitative analysis of services trade de-liberalization

Blank, Sven; Egger, Peter; Merlo, Valeria; Wamser, Georg - 2018

This paper suggests a quantifiable multi-sector-multi-country economic model of goods and services production and consumption. It calibrates overall (variable and fixed) costs to market-specific sales by sector and decomposes these costs into observable and unobservable components. In an...

Persistent link: https://www.econbiz.de/10011945050

Estimating the effects of coordinated fiscal actions in the euro area

Hebous, Shafik; Zimmermann, Tom - 2012

We estimate spillover effects of a fiscal shock in one member country in the euro area on outputs of the rest of the members, using a Global Vector Autoregression (GVAR) model. We compare the effects of a domestic fiscal shock with those of a similar size area-wide shock expressed as a weighted...

Persistent link: https://www.econbiz.de/10009581972

Exchange rate pass-through, domestic competition, and inflation : evidence from the 2005/08 revaluation of the Renminbi

Auer, Raphael A. - 2012

This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi (RMB) vis-à-vis the USD from 2005 to 2008 on the prices charged by US producers. As the RMB during that time was pegged to a basket of currencies, the empirical strategy must account for the fact...

Persistent link: https://www.econbiz.de/10009511759

Cross-border and foreign-affiliate sales of services : evidence from German micro-data

Kelle, Markus; Kleinert, Jörn; Raff, Horst; Toubal, Farid - 2012

We merge German balance-of-payments and foreign-affiliate-trade statistics to obtain data about trade in commercial services at the firm level. We use these data to study export market participation and the choice of export mode: cross-border versus foreign affiliate sales. We find that for...

Persistent link: https://www.econbiz.de/10009535116

Tariff liberalization and trade integration of emerging countries

Disdier, Anne-Célia; Fontagné, Lionel Gérard; … - 2013 - This version: October 2013

We investigate how tariff liberalization has affected exporting in emerging countries. We use a highly disaggregated bilateral measure of market access to compare tariffs applied in 1996 and 2006, which includes the timing of the Uruguay Round and episodes of bilateral liberalization. Our...

Persistent link: https://www.econbiz.de/10010192075

Natural disasters and the effect of trade on income : a new panel IV approach

Felbermayr, Gabriel; Gröschl, Jasmin - 2011

Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...

Persistent link: https://www.econbiz.de/10009240715

Trade flows, private credit and the Covid-19 pandemic : panel evidence from 35 OECD countries

Caporale, Guglielmo Maria; Sova, Anamaria Diana; Sova, … - 2021

This paper analyses the impact of the Covid-19 pandemic on exports and imports in the case of 35 OECD countries during the 2019Q1-2021Q2 period using a dynamic panel approach, specifically the system Generalized Method of Moments (GMM). In contrast to earlier studies, the empirical specification...

Persistent link: https://www.econbiz.de/10012668484

The (Structural) Gravity of Epidemics

Cuñat, Alejandro; Zymek, Robert - 2020

Epidemiological models assume gravity-like interactions of individuals across space without microfoundations. We … of people across space obey a structural gravity equation. By means of an application to data from Great Britain we show … that our structural-gravity framework: provides a rationale for quarantines; offers a clear mapping from observed geography …

Persistent link: https://www.econbiz.de/10012219352

Shipment frequency of exporters and demand uncertainty

Békés, Gábor; Fontagné, Lionel Gérard; Muraközy, … - 2014

Firms adjust to differences in market size and demand uncertainty by changing the frequency and size of their export shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as well as inventory and per shipments costs. Using a...

Persistent link: https://www.econbiz.de/10010338670