Showing 1 - 10 of 450
We use the World Bank Investment Climate Surveys data to analyze the employment of both labor and capital in Indian manufacturing. We focus on disparities among states in manufacturing employment patterns, and provide reduced form evidence of their relationship to both (i) institutional...
Persistent link: https://www.econbiz.de/10005720132
Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing product market competition interact with the strength of...
Persistent link: https://www.econbiz.de/10010618282
ratio does not appear to have changed much in the last 50 years. For the US, exports of services have recently been over 40 …% and imports about 20% of exports and imports of goods, a return, for exports to the ratios of the early 1800s. Imports of … services are now increasing more rapidly than exports, but not faster than goods imports. Because measures of service trade are …
Persistent link: https://www.econbiz.de/10005085043
increase in Ottoman exports, which in turn causes a 10 percent increase in capital inflows from the three source countries. Our …
Persistent link: https://www.econbiz.de/10008634681
Do international trade and finance flow together? In theory, trade and finance can be substitutes or complements, so the matter must be resolved empirically. We study trade and financial flows from the United Kingdom from 1870 to 1913 and the United States in the interwar years. Trade and...
Persistent link: https://www.econbiz.de/10005778287
This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade...
Persistent link: https://www.econbiz.de/10005050247
We estimate the elasticity of exports to credit using matched customs and firm-level bank credit data from Peru. To … account for non-credit determinants of exports, we compare changes in exports of the same product and to the same destination … that credit shocks affect the intensive margin of exports, but have no significant impact on entry or exit of firms to new …
Persistent link: https://www.econbiz.de/10009001146
The "border effect" literature finds that political borders have a very large impact on relative prices, implicitly adding several thousands of miles to trade. In this paper we show that the standard empirical specification suffers from selection bias, and propose a new methodology based on...
Persistent link: https://www.econbiz.de/10010969225
We document basic facts about prices in online markets in the U.S. and Canada, a rapidly growing segment of the retail sector. Relative to prices in regular stores, prices in online markets are more flexible as well as exhibit stronger pass-through (60-75 percent) and faster convergence...
Persistent link: https://www.econbiz.de/10010890102
We study capital misallocation within and across 10 African countries using the World Bank Enterprise Surveys. First, we compare the extent of misallocation among firms within countries. We document high variation in firms' marginal product of capital (MPK), implying that countries could produce...
Persistent link: https://www.econbiz.de/10011271364