Similar Search Results

Global Pricing of Carbon-Transition Risk

Bolton, Patrick; Kacperczyk, Marcin - National Bureau of Economic Research - 2021

Companies are exposed to carbon-transition risk as the global economy transitions away from fossil fuels to renewable energy. We estimate the market-based premium associated with this transition risk at the firm level in a cross-section of over 14,400 firms in 77 countries. We find a widespread...

Persistent link: https://www.econbiz.de/10012482725

The Micro and Macro Productivity of Nations

Ayerst, Stephen; Nguyen, Duc; Restuccia, Diego - National Bureau of Economic Research - 2024

We examine aggregate productivity differences across nations using cross-country firm-level data and a quantitative model of production heterogeneity with distortions featuring operation decisions (selection) and productivity-enhancing investments (technology). Empirically, less developed...

Persistent link: https://www.econbiz.de/10014635713

Counterfeiters : Foes or Friends? How Do Counterfeits Affect Different Product Quality Tiers?

Qian, Yi - 2011

A key concern about counterfeits and weak intellectual property protection is that they may hamper innovation by displacing legitimate sales. This paper combines a natural policy experiment with randomized lab experiments to estimate the heterogeneous impacts of counterfeiting on the sales and...

Persistent link: https://www.econbiz.de/10012461872

Explaining Product Price Differences Across Countries

Lipsey, Robert E. - 2007

A substantial part of international differences in prices of individual products, both goods and services, can be explained by differences in per capita income, wage compression, or low wage dispersion among low-wage workers, and short-term exchange rate fluctuations. Higher per capita income is...

Persistent link: https://www.econbiz.de/10012465414

New Innovations in Payments

Rysman, Marc - 2016

We discuss prospects for innovation in consumer payment instruments. We discuss recent research into consumer payments and what can be learned about consumer behavior towards new payment options. We consider three new innovations in payments: mobile payments, faster payments and digital...

Persistent link: https://www.econbiz.de/10012456318

Like Me, Buy Me : The Effect of Soft Power on Exports

Rose, Andrew K. - 2015

In this paper I quantify a gain that a country receives when its global influence is considered to be admirable by others. I use a standard gravity model of bilateral exports, a panel of data from 2006 through 2013, and an annual survey conducted for the BBC by GlobeScan which asks people in up...

Persistent link: https://www.econbiz.de/10012457132

Global Supply Chain Pressures, International Trade, and Inflation

Di Giovanni, Julian; Kalemli-Ozcan, Sebnem; Silva, Álvaro - National Bureau of Economic Research - 2022

We study the impact of the Covid-19 pandemic on Euro Area inflation and how it compares to the experiences of other countries, such as the United States, over the two-year period 2020-21. Our model-based calibration exercises deliver four key results: 1) Compositional effects - the switch from...

Persistent link: https://www.econbiz.de/10013334457

Product Variety, the Cost of Living and Welfare Across Countries

Cavallo, Alberto; Feenstra, Robert C.; Inklaar, Robert - National Bureau of Economic Research - 2021

real consumption for a select group of nations in Europe and some large countries like China and Russia, but lower in most …

Persistent link: https://www.econbiz.de/10012510589

The US-China Trade War and Global Reallocations

Fajgelbaum, Pablo D.; Goldberg, Pinelopi K.; Kennedy, … - National Bureau of Economic Research - 2021

We study global trade responses to the US-China trade war. We estimate the tariff impacts on product-level exports to … the US, China, and rest of world. On average, countries decreased exports to China and increased exports to the US and … rest of world. Most countries export products that complement the US and substitute China, and a subset operate along …

Persistent link: https://www.econbiz.de/10012794590

Rising Policy Uncertainty

Davis, Steven J. - 2019

market volatility since March 2018, when U.S.-China tensions began to escalate. Lastly, I offer remarks on the interplay …

Persistent link: https://www.econbiz.de/10012480187