Showing 1 - 10 of 38
This paper provides an estimation of the reaction of firm-level exports consecutive to real exchange rate movements - the exchange rate elasticity of exports. Following recent theoretical works emphasizing the role played by firm heterogeneity, we test in particular how the exchange rate...
Persistent link: https://www.econbiz.de/10011902260
We develop and structurally estimate a trade model in order to identify the importance of consumer taste. The model …
Persistent link: https://www.econbiz.de/10011902263
relationship between the margins of trade and firm productivity, both across firms and within firms over time. In addition, we … employ proxies for trade costs to quantify the extensive and intensive margin adjustments of trade. Linking production and … produced by the firm, so-called Carry-Along Trade (CAT). CAT exports are concentrated in the largest and most productive firms …
Persistent link: https://www.econbiz.de/10011506723
The recent availability of trade data at a firm-product-country level calls for a new generation of models able to …
Persistent link: https://www.econbiz.de/10011506736
determining the effect of trade liberalisation on resource reallocation, using Belgian manufacturing firm- and firm … degrees of comparative advantage. We then examine the impact of opening up trade with low-wage countries on both inter- and … industries. Our results indicate that, within more closely integrated sectors, trade liberalisation with low-wage countries leads …
Persistent link: https://www.econbiz.de/10011506739
We present, extend and estimate a model of international trade with firm heterogeneity in the tradition of Melitz (2003 … prices, productivity levels and markups as functions of openness to trade at a sectoral level. The theory lends itself … naturally to a difference in differences estimation, with international differences in trade openness at the sector level …
Persistent link: https://www.econbiz.de/10011506613
We demonstrate that common modeling assumptions underlying micro-unit productivity indices induce biases in the evolution and decomposition of standard aggregate productivity measures. After controlling for such biases, we decompose aggregate productivity based on groups of economically...
Persistent link: https://www.econbiz.de/10011902262
and for Cyprus and Malta as they are Commonwealth countries. When only the trade channel of Brexit is estimated, GDP (or … with higher non-tariff trade barriers. Results are sensitive to some parameters such as the reaction of trade volumes to … changes in tariffs and non-tariff trade barriers (trade elasticities). Reaching a Free Trade Agreement could limit the GDP …
Persistent link: https://www.econbiz.de/10012141556
We develop a new general equilibrium model of trade with heterogeneous firms, variable demand elasticities and … endogenously determined wages. Trade integration favours wage convergence, boosts competition, and forces the least efficient firms … model is well suited to studying the impact of trade integration on aggregate productivity and factor prices. Using Canada …
Persistent link: https://www.econbiz.de/10011506681
We study the role of contract enforcement in shaping the dynamics of international trade at the firm level. We develop … significantly affect firms’ trade volumes and have manifold implications for firms’ dynamic patterns in foreign markets. …
Persistent link: https://www.econbiz.de/10011506740