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Seasonality and Capacity : An Application to Italy
Mini, Federico - 2000
particularly true for Italy, where the variability of production in manufacturing is extremely high and almost entirely due to …
Persistent link: https://www.econbiz.de/10014399929
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Does Trade Credit Substitute Bank Credit? : Evidence From Firm-Level Data
De Blasio, Guido - 2003
The paper examines micro data on Italian manufacturing firms'' inventory behavior to test the Meltzer (1960) hypothesis according to which firms substitute trade credit for bank credit during periods of monetary tightening. It finds that their inventory investment is constrained by the...
Persistent link: https://www.econbiz.de/10014403875
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Trade linkages and international business cycle comovement : evidence from Korean industry data
Lee, Dongyeol - 2019
Through the 2000s, Korea's export and import linkages to advanced and emerging markets increased significantly. At the same time, the correlation of output growth between Korea and these economies rose. This paper investigates the nature of the link between trade linkages and the comovement of...
Persistent link: https://www.econbiz.de/10012022016
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Trade Liberalization, Intermediate Inputs, and Productivity : Evidence From Indonesia
Amiti, Mary - 2005
This paper estimates the effects of trade liberalization on plant productivity. In contrast to previous studies, we distinguish between productivity gains arising from lower tariffs on final goods relative to lower tariffs on intermediate inputs. Lower output tariffs can produce productivity...
Persistent link: https://www.econbiz.de/10014400616
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Putting the Parts together : Trade, Vertical Linkages, and Business Cycle Comovement
Levchenko, Andrei A. - 2009
Countries that trade more with each other exhibit higher business cycle correlation. This paper examines the mechanisms underlying this relationship using a large cross-country industry-level panel dataset of manufacturing production and trade. We show that sector pairs that experience more...
Persistent link: https://www.econbiz.de/10014402276
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Corporate indebtedness and low productivity growth of Italian firms
Anderson, Gareth; Raissi, Mehdi - 2018
Productivity growth in Italy has been persistently anemic and has lagged that of the euro area over the period 1999 … whether total factor productivity growth varies with the level of corporate indebtedness. We employ a novel estimation …
Persistent link: https://www.econbiz.de/10011809561
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Social Returns to Education : Evidence From Italian Local Labor Market Areas
Dalmazzo, A. - 2003
The paper provides a quantitative assessment of social returns to education in Italy. It shows that, after controlling … social returns between 2 and 3 percent. This result is robust to alternative estimation methods and does not seem to depend … on endogenous sorting. The paper also shows that social returns are higher in the lagged areas of the south of Italy …
Persistent link: https://www.econbiz.de/10014403676
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Foreign Exchange Risk Premium : Does Fiscal Policy Matter? Evidence From Italian Data
Giorgianni, Lorenzo - 1997
(relative to the variability of the forward bias), and predictable. Estimation of structural models of the risk premium suggests … that anticipated fiscal contractions in Italy and lower uncertainty about the future path of fiscal policy are associated …
Persistent link: https://www.econbiz.de/10014403290
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Are capital goods tariffs different?
Meleshchuk, Sergii; Timmer, Yannick - 2020
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
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The price of capital goods : a driver of investment under threat
Gruss, Bertrand; Nabar, Malhar; Poplawski-Ribeiro, Marcos - 2019
Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show that the decline in the relative price of tangible tradable capital goods provided...
Persistent link: https://www.econbiz.de/10012102050