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This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and the...
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We analyze the effects of the unprecedented rise in trade between Germany and "the East" - China and Eastern Europe … and export exposure. We find that the rise of "the East" in the world economy caused substantial job losses in German … regions specialized in import-competing industries, both in manufacturing and beyond. Regions specialized in export …
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beginning of the century. Germany is an exception. A large increase in the prices of buildings, structures and lands for private …
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competitiveness at the sectoral level for Germany, and compare the empirical evidence with selected other euro area countries. …
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