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and weak contract enforcement at home, domestic expansion of SMEs is constrained by the necessity of awarding trade credit … to new clients. We show that small firms with a lot of outstanding trade credit expand sales the most following export …
Persistent link: https://www.econbiz.de/10011314142
We develop a quantitative theory of prices in firm-to-firm trade with bilateral negotiations and two-sided market power …
Persistent link: https://www.econbiz.de/10014518220
Despite the growing political priority given to making trade work for the majority in Latin America, a notable gap … exists in the knowledge about the distributive impacts of trade integration. This study attempts to fill this gap: it surveys … the most recent contributions to the mainstream trade economics literature, assesses their relevance for Latin America and …
Persistent link: https://www.econbiz.de/10011314087
In this paper we use Colombian manufacturing data on exports and external financing for the period 1998 - 2006 to estimate the credit elasticity of exports. We use bank-firm linked data to construct a supply side instrument for a manufacturer's demand of credit, which we use to address the...
Persistent link: https://www.econbiz.de/10011314144
, which may potentially negatively affect international trade. Customs around the world have therefore implemented security …-motivated certification programs to facilitate licit trade. These programs offer trustworthy trading firms, i.e., Authorized Economic …
Persistent link: https://www.econbiz.de/10011535778
We assess the consequences for consumers in 76 countries of multinational acquisitions in beer and spirits. Outcomes depend on how changes in ownership affect markups versus efficiency. We find that owner fixed effects contribute very little to the performance of brands. On average, foreign...
Persistent link: https://www.econbiz.de/10012604831
. We build a general equilibrium model with heterogeneous firms, financial constraints and international trade and …
Persistent link: https://www.econbiz.de/10012604887
Intra-firm trade, from parents to affiliates, has been combined with standard models of multinational production (MP …) to deliver gravity-style predictions for foreign affiliates' sales. Nonetheless, the evidence shows that intra-firm trade …-firm trade and derive the analytical gravity equations that are consistent with the empirical findings. …
Persistent link: https://www.econbiz.de/10014518135
Persistent link: https://www.econbiz.de/10011314049
Most microeconometric studies available for LAC have focused on measuring the direct impact of trade on plant … on tariff barriers as the only obstacle to international trade and integration. In this paper we use data from Brazil and … Chile to analyze how trade affects aggregate productivity through the process of resource reallocation and to explore not …
Persistent link: https://www.econbiz.de/10011314053