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In the past several decades, the U.S. economy has witnessed a number of striking trends that indicate a rising market concentration and a slowdown in business dynamism. In this paper, we make an attempt to understand potential common forces behind these empirical regularities through the lens of...
Persistent link: https://www.econbiz.de/10012104132
We use transaction-level data to study changes in the concentration of US imports. Concentration has fallen in the typical industry, while it is stable by industry and origin country. The fall in concentration is driven by the extensive margin: the number of exporting firms has grown, and the...
Persistent link: https://www.econbiz.de/10012495680
The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take most" competition, leading a small number of highly profitable (and low labor...
Persistent link: https://www.econbiz.de/10011602754
Persistent link: https://www.econbiz.de/10003496720
When traditional methods for measuring economic welfare are scarce or unreliable, heights and BMIs are now well accepted measurements that represent biological conditions during economic development. Weight, after controlling for height, is an alternative measure to BMI for current net...
Persistent link: https://www.econbiz.de/10011374201
We study experimentally the protection of property in five widely distinct countries- Austria, Mexico, Mongolia, South …
Persistent link: https://www.econbiz.de/10009683449
Did the 2018/19 US-China trade war trigger adjustment of Global Value Chains (GVCs) and nearshoring to Mexico? We … address this question with confidential longitudinal firm-level trade data from Mexico that covers the universe of … in GVC activities in Mexico with linkages to Asian and US-based GVCs. Our analysis also reveals increased net exports and …
Persistent link: https://www.econbiz.de/10014340112
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...
Persistent link: https://www.econbiz.de/10003790984
Persistent link: https://www.econbiz.de/10003597979
Foreign direct investment (FDI) in services has grown significantly in recent years. Evidence of spatial relationships in FDI decisions have been provided for goods manufacturing by utilizing physical distance-based measures of trade costs. This paper investigates spatial interactions for...
Persistent link: https://www.econbiz.de/10009307953