Showing 1 - 6 of 6
activity in specific U.S. manufacturing industries. Across two-digit industry levels of aggregation, exchange rate movements do …, especially for industries characterized by low price-over-cost markup ratios, and in overtime wages and overtime employment. The … overall external orientation. Industries with low price-over-cost markups and those with a less skilled workforce exhibit …
Persistent link: https://www.econbiz.de/10005420590
We investigate how bank migration across state lines over the last quarter century has affected the size and covariance of business fluctuations within states. Starting with a two-state version of the unit banking model in Holmstrom and Tirole (1997), we conclude that the theoretical effect of...
Persistent link: https://www.econbiz.de/10005526304
the industry level, the decline in volatility appears widespread, with about 80 percent of component industries showing … covariances between industries. Across industries, there is strong evidence of a decline in the correlation between hours growth …
Persistent link: https://www.econbiz.de/10005420541
Does national market size matter for industrial structure? This has been suggested by theoretical work on "home market" effects, as in Krugman (1980, 1995). In this paper, I show that what previously was regarded as an assumption of convenience — transport costs only for the differentiated...
Persistent link: https://www.econbiz.de/10005420663
exchange rate changes to import prices in the short run is high, although incomplete, and that it differs across industries and … manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to …
Persistent link: https://www.econbiz.de/10005420673
A growing share of international trade occurs through intra-firm transactions-those between domestic and foreign subsidiaries of a multinational firm. The difficulties associated with writing and enforcing a vertical contract compound when a product must cross a national border, and may explain...
Persistent link: https://www.econbiz.de/10005726566