Showing 1 - 10 of 287
' absence and had heterogeneous effects: larger firms and those with direct contractual relationships in export markets suffered …
Persistent link: https://www.econbiz.de/10012629517
We define aggregate productivity growth as the change in aggregate final demand minus the change in the aggregate cost of primary inputs. We show how to aggregate plant-level data to this measure and how to use plant-level data to decompose our measure into technical efficiency and reallocation...
Persistent link: https://www.econbiz.de/10012466784
Free trade or preferential trade areas (PTAs) allow importers who belong to the area to export to each other while …
Persistent link: https://www.econbiz.de/10012659997
identify specific barriers to exporting and to measure their importance. We develop a model of firm-level export dynamics that … customs records of U.S. imports of manufactures from Colombia we replicate patterns of exporter maturation. A potentially … response of total export sales to an exchange rate shock exceeds the 1-year response by about 40 percent, with the 1-year …
Persistent link: https://www.econbiz.de/10012599390
Using transactions-level customs data from Colombia, we study firm-specific export patterns over the period 1996 … previous year. These new exporters tend to be extremely small in terms of their overall contribution to export revenues, and … most do not continue exporting in the following year. Hence export sales are dominated by a small number of very large and …
Persistent link: https://www.econbiz.de/10012465115
As the exchange rate, foreign demand, production costs and export promotion policies evolve, manufacturing firms are … continually faced with two issues: Whether to be an exporter, and if so, how much to export. We develop a dynamic structural model … of export supply that characterizes these two decisions and estimate the model using plant-level panel data on Colombian …
Persistent link: https://www.econbiz.de/10012470087
In this paper we theoretically and empirically model import demand and export supply behavior of firms for the U … demand and export supply functions as well as domestic output supply and labor demand. These elasticities are in turn used to …
Persistent link: https://www.econbiz.de/10012477060
Empirical evidence has long shown that output varies more in the short-run than do all factor inputs, including employment and hours worked. There is also evidence that all factors, including capital, start adjusting within a few months, suggesting that production models should treat all...
Persistent link: https://www.econbiz.de/10012477457
If stock-outs are ignored and if demand shocks are additive, then optimal behavior requires that the marginal cost of production (MC) be equated with the expected marginal revenue of increasing expected sales by one unit (EMR). However,with more general demand shocks (and still ignoring...
Persistent link: https://www.econbiz.de/10012477522
This paper provides a statistical test to assess the adequacy of static equilibrium models. The test is based on a restricted cost function framework together with the envelope conditions which characterize static equilibrium for the quasi-fixed factors. We also show how restricted cost function...
Persistent link: https://www.econbiz.de/10012477838