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, Kortum and Kramarz, in particular the higher sales in France of firms that choose to export to more destinations. The model … predicts that most firms do not export, and that a large proportion of firms that export in particular markets do so in small …
Persistent link: https://www.econbiz.de/10012770681
Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their competitive position. Using data on firms in 27 emerging market economies, we estimate the effects of foreign competition, vertical linkages with foreign firms, and international...
Persistent link: https://www.econbiz.de/10012751127
We document how demand shocks in export markets lead French multi-product exporters to re-allocate the mix of products … sold in those destinations. In response to positive demand shocks, those French firms skew their export sales towards their … competition from demand shocks in export markets – and the induced product mix reallocations – induce productivity changes within …
Persistent link: https://www.econbiz.de/10012986299
Business strategy can be defined as a firm's plan to generate economic profits based on lower cost, better quality, or new products. The analysis of business strategy is thus at the intersection of market competition and a firm's efforts to secure persistently superior performance via...
Persistent link: https://www.econbiz.de/10013030140
export market sales. As a result, exporting firms have a higher payoff from R&D investment, invest in R&D more frequently … differ in their export market exposure. Simulating the introduction of trade tariffs we find a substantial reduction in firms …
Persistent link: https://www.econbiz.de/10012908466
Motivated by the long-standing debate on the pros and cons of competitive devaluation, we propose a new perspective on how monetary and exchange rate policies can contribute to a country's international competitiveness. We refocus the analysis on the implications of monetary stabilization for a...
Persistent link: https://www.econbiz.de/10012871944
This paper investigates how the tying of complementary products can be used to preserve and extend monopoly positions. We first show how a firm that is a monopolist of a product in the current period can use tying to preserve its monopoly position in future periods. We then show using related...
Persistent link: https://www.econbiz.de/10013244368
Despite the historic prevalence of industrial policy and its current popularity, few empirical studies directly evaluate its welfare consequences. This paper examines an important industrial policy in China in the 2000s, aiming to propel the country’s shipbuilding industry to the largest...
Persistent link: https://www.econbiz.de/10013324653
-related outcomes. We define and examine four types of shocks to trade flows: import competition, export opportunities, access to …, export opportunities and access to imported intermediates tend to encourage innovation, but the evidence on import …
Persistent link: https://www.econbiz.de/10012916608
We propose a framework to evaluate the potential impact of international competition on firm performance and highlight two points. First, it is important to consider effects on productive efficiency and market power in an integrated framework. The popular concept of (revenue) TFP combines both...
Persistent link: https://www.econbiz.de/10012998934