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Business conditions and default risks across countries
Pflüger, Michael; Russek, Stephan - 2011
death ; firm heterogeneity ; business conditions and firm productivity ; trade integration …
Persistent link: https://www.econbiz.de/10009232302
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Business conditions and default risks across countries
Pflüger, Michael; Russek, Stephan - 2011
death ; firm heterogeneity ; business conditions and firm productivity ; trade integration …
Persistent link: https://www.econbiz.de/10008939217
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When Trade Liberalization Is Self-Fulfilling : Population Aging and Uncertainty
Kishishita, Daiki - 2017
Expectation formation about future trade liberalization induces sectoral adjustment in advance and so the number of opposition decreases and trade liberalization can be self-fulfilling. We analyze this expectation formation mechanism in political process from two aspects: population aging and...
Persistent link: https://www.econbiz.de/10012971078
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Uncertain technological change under capital mobility
Hek, Paul A. de - 2005
The analysis in this paper shows that unpredictable variations in economic productivity may have a positive or negative …. Empirical studies concerning these two factors indicate that unpredictable variations in economic productivity have a negative …
Persistent link: https://www.econbiz.de/10011343279
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Endogenous technological change under uncertainty
Hek, Paul A. de - 2002
How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this …&D from profit-maximizing firms. The uncertainty arises from the productivity of these investments in R&D. The main result of … this analysis is that the relationship between long-run growth and uncertainty (on the productivity of knowledge creation …
Persistent link: https://www.econbiz.de/10011326963
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Endogenous Technological Change Under Uncertainty
de Hek, Paul A. - 2002
How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this …&D from profit-maximizing firms. The uncertainty arises from the productivity of these investments in R&D. The main result of … this analysis is that the relationship between long-run growth and uncertainty (on the productivity of knowledge creation …
Persistent link: https://www.econbiz.de/10014115099
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Microeconomic Uncertainty, International Trade, and Aggregate Fluctuations
Alessandria, George - 2014
-level productivity in a two-country DSGE model with heterogeneous producers and an endogenous dynamic export participation decision …
Persistent link: https://www.econbiz.de/10013044944
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Business Conditions and Default Risks Across Countries
Pflüger, Michael - 2011
The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...
Persistent link: https://www.econbiz.de/10013128748
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Uncertainty, Trade Integration and the Optimal Level of Protection in a Ricardian Model With a Continuum of Goods
Di Maio, Michele - 2007
This paper analyzes how increasing trade integration affects individual utility when the international specialization pattern is stochastic, i.e. when the number of varieties each country produces depends on the realization of a random variable. I employ a Ricardian continuum of goods model to...
Persistent link: https://www.econbiz.de/10012729610
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Trade policy uncertainty and the WTO
Groppo, Valeria; Piermartini, Roberta - 2014 - Manuscript date: 19 December 2014
Do WTO commitments reduce the risk of trade policy reversals? To address this question, we rely on the theoretical model of varying cooperative tariffs by Bagwell and Staiger (1990) to specify our empirical model for the probability of a tariff increase. We then study how WTO tariff commitments...
Persistent link: https://www.econbiz.de/10012882818