Showing 1 - 10 of 3,646
This study examines the role of trade finance in the trade collapse of 2008-09 from the perspective of the Korean economy. We use two approaches. Firstly, as background to a more formal analysis, we make a casual observation on the behavior of aggregate data on trade finance, on which Korea has...
Persistent link: https://www.econbiz.de/10011568391
We provide novel evidence on the micro-structure of international trade during the 2008 financial crisis and subsequent global recession exploring a rich firm-level data set from Spain. The analysis is motivated by the surprisingly strong export performance of Spain in the aftermath of the great...
Persistent link: https://www.econbiz.de/10010531069
We provide novel evidence on the micro-structure of international trade during the 2008 financial crisis and subsequent global recession by exploring a rich firm-level data set from Spain. The focus of our analysis is on changes at the extensive and intensive firm-level margins of trade, as well...
Persistent link: https://www.econbiz.de/10011585185
foreign ownership significantly stabilized firm exports when liquidity dried out in the crisis, in particular among small and …
Persistent link: https://www.econbiz.de/10013251264
trade has been notably faster during the covid-19 crisis and led by exports as opposed to the much more important role …
Persistent link: https://www.econbiz.de/10012649491
differently. Our baseline calibration suggests that a 50 % reduction in imports of FCIs from China and other countries with …
Persistent link: https://www.econbiz.de/10015052025
activities. The paper shows that although exports have been an integral part of the development strategy of the country for … several decades, direct engagement in international trade through exports is a rare activity. Export firms are different from … exports and exporting relationships are highly fragile. The findings highlight some cautions from a micro perspective about an …
Persistent link: https://www.econbiz.de/10012891252
about firm heterogeneity in trade. First, the bulk of exports and imports are captured by a few multi‐product firms that … transact with a large number of countries. Second, the average importer imports more products than the average exporter exports … the growth in Chinese exports between 2003-2005 was driven by deepening and broadening of trade relationships by surviving …
Persistent link: https://www.econbiz.de/10014216375
Firms play a critical role in the global economy. In this paper, we survey the behavior of firms in the international economy, both in theory and in the data. We first summarize the key empirical facts that motivate the study of firms in trade. Then, we detail recent theoretical developments on...
Persistent link: https://www.econbiz.de/10014122547
affect exports and imports and how domestic labour value added shapes this relationship. We find that higher labour taxes … reduce exports but that the effect depends to a large extent on the share of domestic labour value added, which differs by … industries, countries and time periods. Imports do not seem to be affected. This implies that changes in labour taxes will not …
Persistent link: https://www.econbiz.de/10012607909