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firms always have a higher market share, there is no monotonic relationship between firms' productivity level and their … effect". Therefore, the incentive to add more products weakens as productivity rises. This leads to Lemma 3 in Feenstra and … evidence is in line with the results from the theoretical model. -- multi-product firms ; productivity ; optimal product scope …
Persistent link: https://www.econbiz.de/10009672241
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10011931823
manufacturing firms. First, there is a negative correlation between firms' productivity and their export share to low … found between the share of exports to lowincome countries and either productivity or R&D intensity is never in line with the …
Persistent link: https://www.econbiz.de/10011298736
-exporters. However, many firms from the lower end of the productivity distribution are exporters. Germany is a case in point. A recent … study reports that these low-productivity exporters are not marginal exporters defined according to the share of exports in … exports is much higher among exporters from the lower end of the productivity distribution than among highly productive …
Persistent link: https://www.econbiz.de/10010239335
This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
Persistent link: https://www.econbiz.de/10011307457
Most Continental European labour markets and welfare states underwent a substantial transformation over the last two decades moving from a situation of low employment and limited labour market inequality to higher employment, but also more inequality. Germany is a case in point as it exhibits...
Persistent link: https://www.econbiz.de/10010283946
find a high degree of downward nominal wage rigidity, which for rates of inflation lower than three percent is shown to …
Persistent link: https://www.econbiz.de/10010262566
We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in their labour force. If not, other countries experience growing unemployment and/or trade deficit. This result is applied to the case of Germany, which has displayed a...
Persistent link: https://www.econbiz.de/10012270216
document the first empirical results on the relationship between imports and productivity for Germany, a leading actor on the … systematically by testing for self-selection of more productive firms into importing, and for productivity-enhancing effects of … imports ('learning-by-importing'). We find a positive link between importing and productivity. From an empirical model with …
Persistent link: https://www.econbiz.de/10010269066
In this paper, we estimate the causal effect of ambient air pollution on individuals' productivity by using panel data … and players. Our analysis shows negative and non-linear effects of air pollution on short-run productivity. We further …
Persistent link: https://www.econbiz.de/10010531662