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predicts that China's share of export markets should grow most rapidly where China's share is initially large. A corollary is … product, China's export unit values should be increasing in distance. We find strong support for this effect in our empirical …
Persistent link: https://www.econbiz.de/10012759351
The accession countries to the euro area are increasingly binding their economic activity, external and internal, to the euro area countries. One aspect of this phenomenon concerns the currency invoicing of international trade transactions, where accession countries have reduced their use of the...
Persistent link: https://www.econbiz.de/10012783660
Economists emphasize two channels through which import liberalization affects productivity, one operating between and the other within firms. According to the former, import competition triggers market share reallocations between domestic firms with different technological capabilities...
Persistent link: https://www.econbiz.de/10012771670
We investigate and compare countries' export growth based on their performance at the extensive and intensive export … export markets but shortly exit when it learns its per- period fixed costs. We apply this insight to disaggregated export … data and confirm that indeed most export relationships are very short lived. We then show that the survival issue is a …
Persistent link: https://www.econbiz.de/10012759664
strategy to world shipbuilding, a classic target of industrial policy. I find strong evidence consistent with China having … subsidies led to substantial reallocation of ship production across the world, with Japan, in particular, losing significant …
Persistent link: https://www.econbiz.de/10013054035
exports and export shares of the United States, Germany, and Japan. The effects of relative price changes on export shares are … delays between order and delivery may affect measures of export quantity and of its response to price. Equations for … country's export and domestic prices for the same goods, as well as on its real income. The supply elasticities range from …
Persistent link: https://www.econbiz.de/10013224881
This paper explores the relationship between exchange rate pass-through and market share for monopolistically competitive exporters. Under fairly general assumptions we show that pass-through should be high for exporters based in a country with a very large share of total destination market...
Persistent link: https://www.econbiz.de/10013309229
In our European Economic Review (2002) paper, we used pre-1998 data on countries participating in and leaving currency unions to estimate the effect of currency unions on trade using (then-) conventional gravity models. In this paper, we use a variety of empirical gravity models to estimate the...
Persistent link: https://www.econbiz.de/10013015976
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10013139144
It is often argued that tax competition may lead to a "race to the bottom". Such a race may hold indeed in the case of the pure case of factor mobility (such as capital mobility). However, in this paper we emphasize the unique feature of labor migration, that may nullify the "race to the bottom"...
Persistent link: https://www.econbiz.de/10013139888