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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
sectors are weighed down by the structural barriers that have depressed productivity more broadly. Italy’s future …In Italy, price-based competitiveness measures are not always an accurate predictor of trade outcomes. This paper … Italy’s export market share. Overall, Italy maintains a high-quality export mix, and the adaptability of small …
Persistent link: https://www.econbiz.de/10014411220
Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did and began to integrate rapidly with the world economy. With the country’s recent accession to the World Trade Organization (WTO), many of its trading partners are increasingly...
Persistent link: https://www.econbiz.de/10014403900
pattern of international trade and production on the overall productivity growth of a developing country. A key result is that … productivity growth. The authors also find that a production-share weighted average of (technological leaders’) sectoral … productivity growth rates has a significant effect on the rate of aggregate productivity growth …
Persistent link: https://www.econbiz.de/10014399806
The legacy of non-performing loans and high opportunity cost of government financing of bank recapitalization impeded the efficiency of financial intermediation and are an important policy issue in Vietnam. This paper presents a theoretical and empirical analysis of the issue. An empirical...
Persistent link: https://www.econbiz.de/10012103676
This paper examines the effect of international trade on corporate market power in emerging market economies and developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large firm-level dataset, tariff data by sector and agreggate indicators of international...
Persistent link: https://www.econbiz.de/10012299347
Italy''s medium-term economic performance has raised ""standard"" competitiveness concerns as unit labor costs surged …, which partly reflect nonprice economic restructuring, have supported Italy''s real exports after 2005 (as in Germany but … to Italy''s ""restructuring story,"" including quality upgrading, geographical trade diversification, and outsourcing …
Persistent link: https://www.econbiz.de/10014401862
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
Italy's labor productivity in market services has declined since 2000, underperforming manufacturing and peer European …
Persistent link: https://www.econbiz.de/10012177630
Persistent link: https://www.econbiz.de/10009572379