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Firm entry, inflation and the monetary transmission mechanism

Lewis, Vivien; Poilly, Céline - 2011

This paper estimates a business cycle model with endogenous firm entry by matching impulse responses to a monetary … entry may influence the monetary transmission process. Through the competition effect, the arrival of new entrants makes the … firm and product entry raises consumption utility and thereby lowers the cost of living. This implies higher markups and …

Persistent link: https://www.econbiz.de/10011506731

Measuring the marginal efficiency cost of redistribution in the UK

Adam, Stuart - 2005

This paper estimates the marginal efficiency cost of redistribution (MECR) associated with a demogrant and an in-work benefit for the UK since 1979, taking account of extensive as well as intensive labour supply responses. The principal methodological advance in the paper is its greater...

Persistent link: https://www.econbiz.de/10010292956

Export Performance and Survival in Russia: Why some Regions grow fast and others don't

Kadochnikov, Sergey; Fedyunina, Anna - 2015

In this paper, we investigate the relationship between export performance and economic growth in Russian regions. We propose a methodology for decomposition of export growth into intensive and extensive margins and distinguish between product- and geographic extensive components within extensive...

Persistent link: https://www.econbiz.de/10011345537

Determinants of Trade Margins: Insights Using State Export Data

Coughlin, Cletus C.; Bandyopadhyay, Subhayu - 2015

We adapt the heterogeneous firm trade models of Helpman, Melitz, and Rubinstein (2008) and Lawless (2010) to analyze extensive and intensive trade margins using state-level exports to foreign nations. Our theoretical analysis provides definitive predictions for the effects of changes in fixed...

Persistent link: https://www.econbiz.de/10011401795

Optimal Nonlinear Taxation, Minimum Hours, and the Earned Income Tax Credit

Lorenz, Normann; Sachs, Dominik - 2011

We characterize the solution to the optimal nonlinear income taxation problem if individuals face a minimum hours constraint that gives rise to labor supply responses along the extensive margin. We provide conditions for optimal marginal tax rates to be positive everywhere and derive a formula...

Persistent link: https://www.econbiz.de/10010327750

Multi-product Firms and Product Basket Adjustments in Ethiopian Manufacturing

Shiferaw, Admasu - 2010

by the adjustment of the extensive margin which is more than four times the net contribution of firm entry and exit. The …

Persistent link: https://www.econbiz.de/10010329969

The Impact of Technological Change on New Trade: Evidence from the Container Revolution

Bernhofen, Daniel M.; El-Sahli, Zouheir; Kneller, Richard - 2016

This paper exploits exogenous features of the 1960s/70s container revolution to estimate the impact of the introduction of refrigerated containers (or reefers) on new trade of temperature sensitive products. Our identification strategy is justified by a historical narrative which suggests that...

Persistent link: https://www.econbiz.de/10011555511

Crowding-out or co-existence? the competitive position of EU members and China in global merchandise trade

Benkovskis, Konstantins; Silgoner, Maria; Steiner, Katharina - 2013

In this paper, we analyse export competition between individual EU Member States and China in third-country goods markets. We find that competitive pressure from China is strongest for small and peripheral EU members, especially for the Southern periphery, Ireland and Central, Eastern and...

Persistent link: https://www.econbiz.de/10011605662

How Do Firms Respond to Political Tensions? The Heterogeneity of the Dalai Lama Effect on Trade

Lin, Faqin; Hu, Cui; Fuchs, Andreas - 2016

Little is known about the firm-level dynamics behind trade responses to political tensions. This article reinvestigates variation in the travel pattern of the 14th Dalai Lama to study how political tensions affect trading decisions of Chinese importers. Using monthly trade data from China...

Persistent link: https://www.econbiz.de/10011688294

Optimal income taxation with labor supply responses at two margins: When is an earned income tax credit optimal?

Hansen, Emanuel - 2017

This paper studies optimal non-linear income taxation in an empirically plausible model with labor supply responses at the intensive (hours, effort) and the extensive (participation) margin. In this model, redistributive taxation gives rise to a previously neglected trade-off between two aspects...

Persistent link: https://www.econbiz.de/10011688385

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