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This paper examines the factors that give rise to intermediaries in exporting and explores the implications for trade volumes. Export intermediaries such as wholesalers serve different markets and export different products than manufacturing exporters. In particular, high market-specific fixed...
Persistent link: https://www.econbiz.de/10008906774
The aim of this paper is to compare the price elasticity of import demand in the destination markets of Italian exports to the price elasticity in the destination markets of the other main euro-area countries' exports. To this end, we use the elasticities of substitution across varieties...
Persistent link: https://www.econbiz.de/10013128116
This paper explores the impact of being part of a supply chain on the internationalization of firms. We show that even small and less productive firms, if involved in production chains, can take advantage of reduced costs of entry and economies of scale that enhance their probability to become...
Persistent link: https://www.econbiz.de/10013053579
How are the dynamics of foreign and domestic sales correlated at the firm level? The question is relevant in that the sign of the correlation shapes the international transmission of shocks and the effects of policy measures. From a theoretical perspective, the correlation could be either zero,...
Persistent link: https://www.econbiz.de/10013025579
Using results collected for the first time through interviews with Italian manufacturing firms, this work shows that around a quarter of aggregate manufacturing sales are not sold by the actual producer. This circumstance, known as carry along trade (CAT), means that the comparative advantage of...
Persistent link: https://www.econbiz.de/10012999547
of two major textile producing countries in the EU15, i.e. Italy and Portugal between the two years 1995 and 2009. As a …
Persistent link: https://www.econbiz.de/10011374039
's two most prominent C&T-goods producing countries-Italy and Portugal. We explore these two countries' situation in a global … more oriented toward C&T-production activities which generate high value added, whereas Portugal was less productive and … relatively more specialized into the production of labor-intensive C&T-goods. Thus, Portugal was more prone to the rising …
Persistent link: https://www.econbiz.de/10011487867
In the last ten years the space issue, i.e. the study of the role played by space in economic phenomena, has attracted a lot of interest from many economic fields. The combination of increasing returns, market imperfections, and trade costs creates forces that, together with factor endowments,...
Persistent link: https://www.econbiz.de/10010297289
The stagnation of the Italian economy over the last two decades is widely documented. During this period, the world economy has become highly integrated, and foreign outsourcing has become a standard practice for firms. While trade theory predicts benefits from the internationalization of...
Persistent link: https://www.econbiz.de/10011438940
In the last ten years the space issue, i.e. the study of the role played by space in economic phenomena, has attracted a lot of interest from many economic fields. The combination of increasing returns, market imperfections, and trade costs creates forces that, together with factor endowments,...
Persistent link: https://www.econbiz.de/10011448652