This paper investigates the impact of restrictive TBTs on firms’ extensive margins (export participation and exit probability), intensive margins (export value) and pricing strategy (export price). To this end, product-level restrictive TBTs and firm-level export are combined and an...

Manpower constraints are the pervasive lack of specialized high- and low-skill workers, irrespective of the wage firms might offer. For a panel of German firms, we show manpower-constrained firms have higher capacity utilization and longer backlog of orders (measured in months). They are more...

Despite a general agreement that piracy poses a significant threat to maritime shipping, empirical evidence regarding its economic consequences remains scarce. This paper combines firm-level Chinese customs data and ship position data with information on pirate attacks to investigate how...

Manpower constraints are the pervasive lack of specialized high- and low-skill workers, irrespective of the wage firms might offer.

Despite a general agreement that piracy poses a significant threat to maritime shipping, empirical evidence regarding its economic consequences remains scarce. This paper combines firm-level Chinese customs data and ship position data with information on pirate attacks to investigate how...

Die Autoren zeigen, dass China mittlerweile ein wichtiger internationaler Investor mit einem wachsenden Engagement in Europa geworden ist. Alleine 2018 tätigte China rund 40 Prozent seiner Direktinvestitionen in Europa. Ein Rekordwert von fast 13 Milliarden US-Dollar ging nach Deutschland, der...

China ist mittlerweile ein wichtiger internationaler Investor. Die ausländischen Direkt- investitionen (ADI) Chinas sind von 2005 bis 2017 von 10 auf ca. 177 Mrd. US-Dollar gestiegen und haben somit stark an Bedeutung gewonnen. Rund 40% der chinesischen ADI wurden im Jahr 2018 in Europa...

A growing share of modern trade policy instruments is shaped by non-tariff barriers (NTBs). Based on a structural gravity equation and the recently updated Global Trade Alert database, we empirically investigate the effect of NTBs on imports. Our analysis reveals that the implementation of NTBs...

Am 8. März hat US-Präsident Donald Trump Importzölle auf Stahl- und Aluminiumprodukte von 25% bzw. 10% verhängt, die zunächst auf alle Handelspartner mit Ausnahme von Kanada, Mexiko und Australien anzuwenden sind. Eine Analyse von Handelsdaten der Jahre 2005 bis 2016 zeigt, dass keine...

This paper uses Chinese customs data to investigate the trade effects of anti-dumping (AD) policies. Merging firm-level exports to firm-specific AD duties, we exploit differences across firms within products. This reduces endogeneity concerns which have plagued earlier research. Based on a...