Showing 1 - 10 of 173
Recent trade theory in the Krugman (1980) tradition predicts that countries with larger market size enjoy higher levels of total factor productivity (TFP) - and equivalently of real per capita income or welfare - as a smaller fraction of spending on inputs is affected by trade costs. However, in...
Persistent link: https://www.econbiz.de/10011375682
Brazil's 2005 bankruptcy law reform strengthened creditor protection, resulting in a substantial acceleration of credit expansion and business investment growth. In this paper, we go beyond average effects and examine to what extent the pro-creditor reform affected the allocation of resources...
Persistent link: https://www.econbiz.de/10011735891
We construct a two-sector model - one producing a homogeneous good and the other producing differentiated goods - 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...
Persistent link: https://www.econbiz.de/10010227259
Why is it that exporter productivity premia (EPP) differ so widely in size? We take this question to the theory and to the data. We derive the sectoral EPP in a standard heterogeneous firms trade model and apply the insights from the model to 13 years of data for all Danish manufacturing firms....
Persistent link: https://www.econbiz.de/10010246063
exports. The paper modifies Arkolakisś (2010) model of trade with heterogeneous firms by introducing endogenous quality and …
Persistent link: https://www.econbiz.de/10009786048
at least a given fraction of its output - on exports, the intensity of competition and welfare, through the lens of a two …-country model of trade with heterogeneous firms. Our calibrated model suggests that this type of subsidy boosts exports more and …
Persistent link: https://www.econbiz.de/10011481288
-month one-off export events (observed once in a 49 month window). On average, for an export-active firm, such one-off exports … guides our empirical investigation. We find that one-off exports arise relatively more often to far-away, low-income or …
Persistent link: https://www.econbiz.de/10011566510
We provide an overview and synthesis of recent work on models of monopolistic competition with heterogeneous firms in international trade, paying particular attention to competition effects, pass-through, selection effects, and linking distributions of firm characteristics and outcomes. A...
Persistent link: https://www.econbiz.de/10012129746
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
of Multi-Fibre Arrangement (MFA) quotas on Chinese exports. The removal of quotas is associated with an increase in the … price and frequency of export transactions and with a reduction in average distance of firms' exports. We rationalize our … increase exports of high-quality products to nearby markets, while the less productive firms drop out from distant and low …
Persistent link: https://www.econbiz.de/10012171758