Showing 1 - 10 of 521
We develop a structural framework that allows us to quantify the evolution of aggregate bilateral trade costs and … costs have fallen by 3.1% per year on average, we find a strong negative correlation between observed trade cost and markup …
Persistent link: https://www.econbiz.de/10015081337
We use a quantitative model to study the implications of European integration for welfare and migration flows across 1,318 regions. The model suggests that an increase of trade barriers to the level of 1957 reduces welfare by about 1-2 percent on average, depending on the presumed trade...
Persistent link: https://www.econbiz.de/10011587896
This paper develops a quantitative spatial general equilibrium model for the German economy to address two issues. First, we explore the role of commuting for local labor markets and their capacity to absorb productivity shocks. Second, we address the role of housing markets for quantitative...
Persistent link: https://www.econbiz.de/10012597696
Larger cities typically give rise to two opposite effects: tougher competition among firms and higher production costs … market outcome to city size, land-use regulations, and commuting costs. For industries with low input shares of land, larger … firms charging higher prices. Softer land-use regulations and/or lower commuting costs reinforce pro-competitive effects …
Persistent link: https://www.econbiz.de/10012031022
costs. Empirical evidence from confidential US Census data shows that firms with more advanced technology have both higher …
Persistent link: https://www.econbiz.de/10014284726
equations, trade is more sensitive to trade costs if the exporting country only provides a small share of the destination … country's imports. As a result, trade costs have a heterogeneous impact across country pairs, with some trade flows predicted … modest or indistinguishable from zero. -- translog ; trade costs ; gravity ; currency union ; monopolistic competition …
Persistent link: https://www.econbiz.de/10003956003
enforcement probabilities and decreases in financing costs proportional to the time needed for trade. Empirical results from …
Persistent link: https://www.econbiz.de/10009011800
We consider an economic geography setting in which firms are free to choose one of the following organizational types … the same region and show that transportation and communication costs have opposite effects on firms' organizational …
Persistent link: https://www.econbiz.de/10012119878
This paper sets up a general oligopolistic equilibrium model with unionized labor markets. By accounting for productivity differences, the model features profit and wage differentials across industries. We use this setting to study the impact of trade liberalization on employment, welfare, and...
Persistent link: https://www.econbiz.de/10003923568
We study a multinational enterprise's (MNE) choice of foreign direct investment (FDI) mode in a vertically related market with local input sourcing. We show that the vertical structure of the market and its features play a crucial role for the MNE's decision: backward linkages, enhanced upstream...
Persistent link: https://www.econbiz.de/10010238336