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Global value chains and productivity : micro evidence from Estonia

Banh, Hang T.; Wingender, Philippe; Gueye, Cheikh - 2020

have also contributed to increasing productivity and long-term growth. We explore empirically the impact of GVC … participation on productivity in Estonia using firm-level data from 2000 to 2016. We find that higher GVC participation at the … industry level significantly boosts productivity at both the industry and the firm level. Frontier firms, large firms, and …

Persistent link: https://www.econbiz.de/10012252668

The intensive margin in trade

Fernandes, Ana Margarida; Klenow, Peter J.; Meleshchuk, … - 2018

-distributed firm productivity, which has become a tractable benchmark. This benchmark model predicts that, conditional on the fixed …-level productivity, fixed costs and demand shifters, and use 'exact hat algebra' to quantify the effects of a decline in trade costs on …

Persistent link: https://www.econbiz.de/10011978438

Importer and Producer Petroleum Taxation : A Geo-Political Model

Strand, Jon - 2008

We derive non-cooperative Nash equilibrium (NE) importer and exporter petroleum excise taxes given full within-group tax coordination, but no coordination between groups, assuming that importers do not produce and exporters do not consume petroleum, and petroleum consumption causes a global...

Persistent link: https://www.econbiz.de/10014401644

Can Markets Compute Equilibria?

Monroe, Hunter K. - 2009

Recent turmoil in financial and commodities markets has renewed questions regarding how well markets discover equilibrium prices, particularly when those markets are highly complex. A relatively new critique questions whether markets can realistically find equilibrium prices if computers cannot....

Persistent link: https://www.econbiz.de/10014404280

Food Prices and the Multiplier Effect of Trade Policy

Giordani, Paolo - 2014

prediction of the theory with a new dataset that comprises monthly information on trade measures across 77 countries and 33 food …

Persistent link: https://www.econbiz.de/10014411694

Dollar invoicing, global value chains, and the business cycle dynamics of international trade

Cook, David; Patel, Nikhil - 2022

Recent literature has highlighted that international trade is mostly priced in a few key vehicle currencies and is increasingly dominated by intermediate goods and global value chains (GVCs). Taking these features into account, this paper reexamines the relationship between monetary policy,...

Persistent link: https://www.econbiz.de/10013170273

International Trade and the Business Cycle

Prasad, Eswar S. - 1999

This paper develops a new empirical framework for analyzing the dynamics of the trade balance in response to different types of macroeconomic shocks. The model provides a synthetic perspective on the conditional correlations between the business cycle and the trade balance that are generated by...

Persistent link: https://www.econbiz.de/10014400973

Elasticity Optimism

International Monetary Fund - 2009

In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...

Persistent link: https://www.econbiz.de/10014402215

International Labor Standards and International Trade

Golub, Stephen S. - 1997

This paper reviews controversies regarding linkage of international trade and labor standards. Pressures for international harmonization of labor standards arise in the context of increased trade between countries with large disparities in wages, and also reflect the history of labor standards....

Persistent link: https://www.econbiz.de/10014403361

Trade, productivity and (mis)allocation

Berthou, Antoine; Chung, Jong Hyun; Manova, Kalina; … - 2020

productivity gains. Guided by theory, we provide evidence consistent with these effects operating through reallocations across … productivity, while import liberalization has ambiguous effects. Resource misallocation can either amplify, dampen or reverse the … 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