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How do Exporters React to Changes in Cost Competitiveness?

Decramer, Stefaan - 2014

international export performance at the firm level. To this end, we use Belgian firm-level data for the period 1999-2010 to analyze … significant negative effect of unit labor costs on export performance of firms with an estimated elasticity of the intensive … costs reduce the probability of starting to export for non-exporters and increase the probability of exporters stopping …

Persistent link: https://www.econbiz.de/10013040611

Assessing European firms' exports and productivity distributions: the CompNet trade module

Berthou, Antoine; Dhyne, Emmanuel; Bugamelli, Matteo; … - 2015

and export performance among European economies. We use the information compiled in the Trade module of CompNet to …-exporters. However, this productivity premium is rising with the export experience of firms, with permanent exporters being much more …

Persistent link: https://www.econbiz.de/10011605833

Assessing European Firms' Exports and Productivity Distributions : The CompNet Trade Module

Berthou, Antoine - 2015

Persistent link: https://www.econbiz.de/10013020681

Wage structure effects of international trade: evidence from a small open economy

Du Caju, Philip; Rycx, François; Tojerow, Ilan - 2011

imports according to the country of origin. Looking at the export side, we find a positive effect of exports on the industry …

Persistent link: https://www.econbiz.de/10011605371

Wage Structure Effects of International Trade : Evidence from a Small Open Economy

Du Caju, Philip; Rycx, Francois; Tojerow, Ilan - 2021

imports according to the country of origin. Looking at the export side, we find a positive effect of exports on the industry …

Persistent link: https://www.econbiz.de/10013316034

Trade Adjustment in the European Union - A Structural Estimation Approach

Corbo, Vesna - 2013

We estimate the elasticity of substitution of a country's imports, and that of its exports on the world market, for EU countries using sector level trade data. We present a new empirical strategy based on the identification scheme by Feenstra (1994), which enables the estimation of elasticities...

Persistent link: https://www.econbiz.de/10013083694

Does the Euro Make a Difference? Spatio-Temporal Transmission of Global Shocks to Real Effective Exchange Rates in an Infinite VAR

Bussière, Matthieu - 2011

This paper provides evidence on whether the creation of the euro has changed the way global turbulences affect euro area and other economies. Specifically, it considers the impact of global shocks on the competitiveness of individual euro area countries and assesses whether their responses to...

Persistent link: https://www.econbiz.de/10013130602

The Predictive Power of Equilibrium Exchange Rate Models

Ca' Zorzi, Michele - 2020

In this paper we evaluate the predictive power of the three most popular equilibrium exchange rate concepts: Purchasing Power Parity (PPP), Behavioral Equilibrium Exchange Rate (BEER) and the Macroeconomic Balance (MB) approach. We show that there is a clear trade-off between storytelling and...

Persistent link: https://www.econbiz.de/10012844460

Boosting Carry with Equilibrium Exchange Rate Estimates

Rubaszek, Michał; Beckmann, Joscha; Ca’ Zorzi, Michele; … - 2022

We build currency portfolios based on the paradigm that exchange rates slowly converge to their equilibrium to highlight three results. First, this property can be exploited to build profitable portfolios. Second, the slow pace of convergence at short-horizons is consistent with the evidence of...

Persistent link: https://www.econbiz.de/10014239531