Showing 1 - 10 of 85
We investigate how protectionist policies influence economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. We employ the...
Persistent link: https://www.econbiz.de/10012387616
The debate on trade wars and currency wars has re-emerged since the Great recession of 2009. We study the two forms of non-cooperative policies within a single framework. First, we compare the elasticity of trade flows to import tariffs and to the real exchange rate, based on product level data...
Persistent link: https://www.econbiz.de/10011864529
Import regulations are globally the most prevalent form of intervention in international trade. The regulations should, under rules of the WTO, protect consumers and the environment but can be used to protect producers. We investigate the ambiguity of intent. We set out a model that when applied...
Persistent link: https://www.econbiz.de/10012432992
Persistent link: https://www.econbiz.de/10003623797
In last few decades, Asian production networks have contributed significantly toward the rapid trade expansion and …, the ability of the rest of the world to absorb Asia's exports has decreased. Export production in some Asian countries has … standards. This can be done by leveraging production networks to graduate to higher value-added, knowledge-intensive activities …
Persistent link: https://www.econbiz.de/10009571750
West German manufacturing subset of the IFO Business Climate Survey to infer quarterly production changes at the firm level … and combine them with production expectations over a quarterly horizon in the same survey to construct series of … and at most 34 percent of firms systematically over- or underpredict their one-quarter-ahead upcoming production. In a …
Persistent link: https://www.econbiz.de/10009724017
Persistent link: https://www.econbiz.de/10003662094
Aggregated output in industrialized countries has become less volatile over the past decades. Whether this Great Moderationʺ can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using a balanced panel dataset on German firms that...
Persistent link: https://www.econbiz.de/10003720335
With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm's marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the elasticity is always less than minus unity, then output...
Persistent link: https://www.econbiz.de/10003121028
pass-through the cost shock fully on their export prices. Their production, exports and employment fall. A consequence of … only firms able to adapt their production process to energy cost shocks have survived. Importantly, when faced with large …
Persistent link: https://www.econbiz.de/10014310091