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As per the balance of payments constraint hypothesis, in an open economy, achieving a high long-run rate of growth would require a country to reduce its balance of payments constraint through an improved export performance, and the production of import substitutes, which would lower the income...
Persistent link: https://www.econbiz.de/10010288071
How do exporters expand their product scope and geographical presence? We argue that new exporters are uncertain about their profitability in different countries and products, but learn it as they start to export. As a consequence, exporters add products and countries sequentially, in an...
Persistent link: https://www.econbiz.de/10012599206
Several trade-based measures of product variety have recently been used implicitly to represent states of technology, promoting long-run growth. In this paper, we define the state of technology as the range of specialised production processes and propose the variety of capital goods available...
Persistent link: https://www.econbiz.de/10010267074
Using a panel data model, we study the effects of regional and industry-level traits on new business formation (NBF) for 164 industries across 266 Chinese prefectures between 1998 and 2007. The objective is to provide empirical estimates on effects of prefecture traits on entry rates, and in...
Persistent link: https://www.econbiz.de/10011400491
We use recent detailed Chinese data on trade and pollution emissions to assess the environmental consequences of China's integration into the world economy. We rely on a panel dataset covering 235 Chinese cities over the 2003-2012 period to see whether the environmental repercussions from trade...
Persistent link: https://www.econbiz.de/10014000738
We here consider how Chinese firms adjust to higher minimum wages and how these affect aggregate productivity, exploiting the 2004 minimum-wage reform in China. We find that higher city-level minimum wages reduced the survival probability of firms which were the most exposed to the reform. For...
Persistent link: https://www.econbiz.de/10014000896
Compared to most countries, China's value-added tax (VAT) system is not neutral and makes it less advantageous to export a product than to sell it domestically, as exporters may not receive a complete refund on the domestic VAT they have paid on their inputs. However, the large and frequent...
Persistent link: https://www.econbiz.de/10014000904
Should developing countries focus on diversifying their export basket or should they instead specialize their exports according to their existing comparative advantage? In this paper we attempt to answer this question by reviewing the literature on export diversification and specialization, by...
Persistent link: https://www.econbiz.de/10010273435
France has seen a marked deterioration in its export performance in the last 10 years or so. Previous empirical research pointed out that weak export performance was due to i) vigorous domestic demand; ii) lower mark-ups due to head-to-head competition with Germany; iii) low non-price...
Persistent link: https://www.econbiz.de/10010273872
Dieser Artikel untersucht, ob die Finanzkrise zu einer nachhaltigen Veränderung der sektoralen und geografischen Spezialisierung Deutschlands im Handel mit forschungsintensiven Gütern geführt hat. Dazu werden im ersten Teil sektorale Spezialisierungsindikatoren für Deutschland, die USA,...
Persistent link: https://www.econbiz.de/10010377984