Narrow search
Showing 1 - 10 of 611
Cover Image
Exporting through intermediaries : impact on export dynamics and welfare
Kamali, Parisa - 2019
In many countries, a sizable share of international trade is carried out by intermediaries. While large firms tend to export to foreign markets directly, smaller firms typically export via intermediaries (indirect exporting). I document a set of facts that characterize the dynamic nature of...
Persistent link: https://www.econbiz.de/10012155234
Cover Image
Quality, Trade, and Exchange Rate Pass-Through
Chen, Natalie - 2014
This paper investigates theoretically and empirically the heterogeneous response of exporters to real exchange rate fluctuations due to product quality. Our model shows that the elasticity of demand perceived by exporters decreases with a real depreciation and with quality, leading to more...
Persistent link: https://www.econbiz.de/10014411197
Cover Image
Financial Integration, Growth, and Volatility
Epaulard, Anne - 2005
The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, we build a stochastic endogenous growth model for a small open economy that can (i) borrow from the rest of the world, (ii) invest in foreign assets, and...
Persistent link: https://www.econbiz.de/10014399779
Cover Image
An Empirical Analysis of China's Export Behavior
Saxena, Sweta Chaman - 2002
This paper studies the behavior of China''s exports from the mid-1980s through 2001. Extensive quarterly data on values … permits the use of panel estimation techniques in order to increase the power of the testing methodology. Aggregate quarterly … export unit price indices are also constructed and thereby provide an input to future research on China''s trade …
Persistent link: https://www.econbiz.de/10014399544
Cover Image
Outsourcing Tariff Evasion : A New Explanation for Entrepot Trade
International Monetary Fund - 2005
possibility that entrepôts may facilitate tariff evasion. Using data on direct exports to mainland China and indirect exports to …
Persistent link: https://www.econbiz.de/10014400698
Cover Image
The intensive margin in trade
Fernandes, Ana Margarida; Klenow, Peter J.; Meleshchuk, … - 2018
The Melitz model highlights the importance of the extensive margin (the number of firms exporting) for trade flows. Using the World Bank's Exporter Dynamics Database (EDD) featuring firm-level exports from 50 countries, we find that around 50 percent of variation in exports is along the...
Persistent link: https://www.econbiz.de/10011978438
Cover Image
Macro-Hedging for Commodity Exporters
Borensztein, Eduardo - 2009
This paper uses a dynamic optimization model to estimate the welfare gains of hedging against commodity price risk for commodity-exporting countries. The introduction of hedging instruments such as futures and options enhances domestic welfare through two channels. First, by reducing export...
Persistent link: https://www.econbiz.de/10014402269
Cover Image
The macroeconomic effects of trade tariffs : revisiting the Lerner symmetry result
Lindé, Jesper; Pescatori, Andrea - 2017
We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with price rigidities. While the Lerner symmetry result of no real effects of a combined import tariff and export subsidy holds up approximately for a number of alternative assumptions, we obtain...
Persistent link: https://www.econbiz.de/10011705009
Cover Image
Credibility and the Cost of Export Subsidies
Hoffmaister, Alexander W. - 1991
Recurring balance of payments crises in countries that pursued import substitution have led some of them to establish a variety of export incentives, in particular subsidies, as a way to revive and re-orient their economies. However, exporters are likely to be uncertain of the government’s...
Persistent link: https://www.econbiz.de/10014397841
Cover Image
The Cost of Export Subsidies : Evidence From Costa Rica
Hoffmaister, Alexander W. - 1991
This paper develops a model to estimate the effects of export subsidies on the supply of exports. Using data for Costa Rica over the 1980’s, it is shown that while the export subsidy scheme in operation led to an increase in exports, the direct fiscal costs of the scheme were quite large....
Persistent link: https://www.econbiz.de/10014395828