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Entering a currency union without any political union European countries have taken a gamble: will the needs of the currency union force a political integration (as anticipated by Monnet) or will the tensions create a backlash, as suggested by Kaldor, Friedman and many others? We try to answer...
Persistent link: https://www.econbiz.de/10013023682
of multinational firms' location and production decisions and the welfare implications of multinational production. The … costs of foreign investment are large. Second, I calibrate the model to data on trade and multinational production for … divert a sizable fraction of the production of EU multinationals from the US to Canada …
Persistent link: https://www.econbiz.de/10012992631
We examine the institutional details of the school milk procurement process, bidding data, statements of dairy executives, and supply characteristics in Ohio during the 1980's. We compare the bidding behavior of a group of firms to a control group. We find that the behavior of each of the firms...
Persistent link: https://www.econbiz.de/10013221093
Collective reputation implies an important externality. Among firms trading internationally, quality shocks about one firm’s products could affect the demand of other firms from the same origin country. We study this issue in the context of a large-scale scandal that affected the Chinese dairy...
Persistent link: https://www.econbiz.de/10013323446
We estimate productivities at the sector level for 72 countries and 5 decades, and examine how they evolve over time in both developed and developing countries. In both country groups, comparative advantage has become weaker: productivity grew systematically faster in sectors that were initially...
Persistent link: https://www.econbiz.de/10013129215
This paper presents new annual estimates of U.S. production of pig iron and imports of pig iron products dating back to … role of the tariff in fostering the industry's early development. Domestic pig iron production is found to be highly … sensitive to changes in import prices. Although import price fluctuations had a much greater impact on U.S. production than …
Persistent link: https://www.econbiz.de/10012775911
productivity across sectors exhibits weak correlation. While previous work examined production complementarity, our analysis … production and a low marginal cost of replication, sectors can share the cost to forecast their sector-specific productivity …
Persistent link: https://www.econbiz.de/10012778290
The strength of contract enforcement determines how firms source inputs and organize production. Using microdata on … Indian manufacturing plants, we show that production and sourcing decisions appear systematically distorted in states with … of input use. The equilibrium organization of production and the network structure of input-output linkages arise …
Persistent link: https://www.econbiz.de/10012912175
production. At the same time United States experienced a quot;transportation revolutionquot;, a key component of which was the …
Persistent link: https://www.econbiz.de/10012769675
The adoption and diffusion of inputs in the production network is at the heart of technological progress. What … existing production network plays a crucial role in the diffusion of inputs and the evolution of technology …
Persistent link: https://www.econbiz.de/10013055829