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) productivity firms have higher (lower) probability of survival than low (high) productivity firms as a result of domestic exchange …
Persistent link: https://www.econbiz.de/10010255367
Using annual data on nine manufacturing sectors of eighteen OECD countries, the article studies the implications of market structure for cross-country relative price variability. It is found that, in accordance with predictions from a standard markup pricing model, reductions in market...
Persistent link: https://www.econbiz.de/10013318560
This working paper was written by Yin-wong Cheung (University of California Santa Cruz) and Eiji Fujii (University of Tsukuba).Using annual data on nine manufacturing sectors of eighteen OECD countries, the article studies the implications of market structure for cross-country relative price...
Persistent link: https://www.econbiz.de/10014048651
We study the price adjustment practices and provide quantitative measurement of the managerial and customer costs of price adjustment using data from a large U.S. industrial manufacturer and its customers. We find that price adjustment costs are a much more complex construct than the existing...
Persistent link: https://www.econbiz.de/10014029848
We study the price adjustment practices and provide quantitative measurement of the managerial and customer costs of price adjustment using data from a large U.S. industrial manufacturer and its customers. We find that price adjustment costs are a much more complex construct than the existing...
Persistent link: https://www.econbiz.de/10014031091
, exports, and labour productivity, have lost prominence in explaining economic dynamics. We argue that, in the absence of … counterbalancing mechanisms, the combination of price-sensitive exports and the triggering effect of exports on productivity can enable … productivity growth - exacerbates macroeconomic disparities in terms of labour productivity. While nominal wages act as a potential …
Persistent link: https://www.econbiz.de/10014541537
Real exchange rate fluctuations impact domestic economic activity throughout the trade and financial channels. Using granular data from the Brazilian manufacturing sector, we decompose the manufacturing sector into different sub-sectors according to their net exposures to international trade and...
Persistent link: https://www.econbiz.de/10013244638
We develop a general equilibrium model of an emerging market economy where productivity growth differentials between …
Persistent link: https://www.econbiz.de/10014214936
After the 1980s, capital flows have accelerated in the less developed countries and since Salter's seminal paper in 1959, it has been widely accepted that the real exchange rate respond to capital flows. Based on a simple model derived by Sjaastad and Manzur (1996) along the lines of Salter...
Persistent link: https://www.econbiz.de/10013135346
heterogeneity, we test in particular how the exchange rate elasticity may be a..ected by firm-level productivity, and how the … details in particular information about firms' productivity and export performance. Our results show that while the average …-country di..erences in the shape of the productivity distribution among exporters have a strong influence on the macroeconomic …
Persistent link: https://www.econbiz.de/10011901956