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productivity, while import liberalization has ambiguous effects. Resource misallocation can either amplify, dampen or reverse the … productivity gains. Guided by theory, we provide evidence consistent with these effects operating through reallocations across … firms in the presence of distortions: (i) Both export and import expansion increase average firm productivity, but the …
Persistent link: https://www.econbiz.de/10012301837
Spain's export performance strengthened after the global financial crisis, and exports now represent more than a third … indicators, those labor market reforms are estimated to account for nearly one-tenth to above one-quarter of Spain's total export …
Persistent link: https://www.econbiz.de/10011978685
Using a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm markups during 2000- 2015. Second, the markup...
Persistent link: https://www.econbiz.de/10012019850
sectors are weighed down by the structural barriers that have depressed productivity more broadly. Italy’s future …
Persistent link: https://www.econbiz.de/10014411220
Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis … productivity slowdown over the past two decades in four closely integrated European countries, Austria, Denmark, Germany and the … Netherlands, based on firm-level data. Participation in global value chains appears to have affected productivity positively …
Persistent link: https://www.econbiz.de/10012170132
tariffs higher up and further down in the value chain depress value added, employment, labor productivity and total factor … productivity to varying degrees. We find no benefits for the sector that enjoys additional protection, yet there is some evidence …
Persistent link: https://www.econbiz.de/10013170052
This paper studies tariff-tax reforms in a calibrated two-region global New Keynesian model composed of a developing and an advanced region. In our baseline calibration, a revenue-neutral reform that lowers tariffs in developing countries can reduce domestic welfare. The reason is that the...
Persistent link: https://www.econbiz.de/10009615785
In this paper we demonstrate the importance of distinguishing capital goods tariffs from other tariffs. Using exposure to a quasi-natural experiment induced by a trade reform in Colombia, we find that firms that have been more exposed to a reduction in intermediate and consumption input or...
Persistent link: https://www.econbiz.de/10012251365
While trade integration has been an engine of global growth and prosperity, as suggested by theory, some sectors have been negatively affected by increased import competition. We test if this negative effect is significant in a context of high intranational migration, as theory indicates that...
Persistent link: https://www.econbiz.de/10011716686
This paper studies the potential long-term effects of three illustrative scenarios using a multi-sector computable general equilibrium (CGE) trade model calibrated to 165 countries. The first scenario estimates effects from potential U.S. auto tariffs. The second analyzes a 'transactional deal'...
Persistent link: https://www.econbiz.de/10012102091