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This paper explores role of multi-product plants and product switching in the Japanese manufacturing sector. While a substantial body of work has explored the importance of the extensive margins of plant entry and exit in employment and output flows, only recently has research begun to examine...
Persistent link: https://www.econbiz.de/10013073635
This paper develops a general equilibrium model of international trade that features selection across firms, products and countries. Firms' export decisions depend on a combination of firm “productivity” and firm-product-country “consumer tastes,' both of which are stochastic and unknown...
Persistent link: https://www.econbiz.de/10003930530
Persistent link: https://www.econbiz.de/10008697170
Persistent link: https://www.econbiz.de/10008729216
New empirical and theoretical work has highlighted the importance of multi-product firms in international trade flows. We examine multi-product exporters in the small open economy of Belgium, considering their importance and the relationship between the margins of trade and firm productivity,...
Persistent link: https://www.econbiz.de/10008906770
New empirical and theoretical work has highlighted the importance of multi-product firms in international tradeflows. We examine multi-product exporters in the small open economy of Belgium, considering their importance and the relationship between the margins of trade and firm productivity,...
Persistent link: https://www.econbiz.de/10011596461
This paper examine multi-product exporters in Belgium, considering their importance and the relationship between the margins of trade and firm productivity. We employ proxies for trade costs to quantify the extensive and intensive margin adjustments of trade. Relatively few exporting firms...
Persistent link: https://www.econbiz.de/10013062369
How do banks react to increased interbank competition? Recent banking theory offers conflicting predictions about the impact of competition on bank orientation - i.e., the choice of relationship based versus transactional banking - and bank industry specialization. We empirically investigate the...
Persistent link: https://www.econbiz.de/10012738146
We employ a unique data set containing bank-specific information to explore how foreign bank entry determines credit allocation in emerging markets. We investigate the impact of the mode of foreign entry (greenfield or takeover) on banks' portfolio allocation to borrowers with different degrees...
Persistent link: https://www.econbiz.de/10012719228
Recent theoretical models argue that a bank's organizational structure reflects its lending technology. A hierarchically organized bank will employ mainly hard information, whereas a decentralized bank will rely more on soft information. We investigate theoretically and empirically how bank...
Persistent link: https://www.econbiz.de/10012731935