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Credit constraints, endogenous innovations, and price setting in international trade
Eckel, Carsten; Unger, Florian - 2015
quality innovations at low costs, whereas investment outlays have to be financed by external capital. We show that the scope … types of innovation resulting in opposing effects on marginal production costs and prices. In general equilibrium, financial … frictions intensify quality-based (cost-based) sorting of firms if the scope for vertical product differentiation is high (low …
Persistent link: https://www.econbiz.de/10010520764
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Credit frictions, selection into external finance, and gains from trade
Unger, Florian - 2019
This paper analyzes the effects of credit frictions in a trade model where heterogeneous firms select both into exporting and into two types of external finance. In our framework, small producers face stronger credit frictions, pay a higher borrowing rate and rely on bank finance, whereas large...
Persistent link: https://www.econbiz.de/10012016063
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Quality and gravity in international trade : presented at CESifo Area Conference on Global Economy, May 2016
Flach, Lisandra; Unger, Florian - 2016
This paper introduces quality innovations with endogenous sunk costs in a heterogeneous firm model of international … model and simulate the effects of a reduction in fixed trade barriers. Accounting for quality lowers the positive gains from … trade and leads to more heterogeneous effects across industries compared to a trade model without quality investments …
Persistent link: https://www.econbiz.de/10011536262
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Innovation, Firm Dynamics, and International Trade
Atkeson, Andrew; Burstein, Ariel T. - 2010
a substantial impact on heterogeneous firms' exit, export, and process innovation decisions, the impact of changes in … these decisions on welfare is largely offset by the response of product innovation. Our results suggest that microeconomic …
Persistent link: https://www.econbiz.de/10014195432
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Demand and supply side linkages in exporting multiproduct firms
Eckel, Carsten; Flach, Lisandra; Meng, Ning - 2023
Products produced by a multiproduct firm can be linked through demand linkages or supply linkages. On the demand side, changes in the price of one product can affect the demand for a firm's other products through shifts in consumer expenditures. This is commonly referred to as the...
Persistent link: https://www.econbiz.de/10014492127
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International trade and retail market performance and structure : theory and empirical evidence
Meinen, Philipp; Raff, Horst - 2018
Based on a theoretical model featuring heterogeneous retailers that may source globally and operate as chains, we derive a number of hypotheses that link trade integration to retail firm performance and to the structure of retail markets. We empirically test these predictions using Danish...
Persistent link: https://www.econbiz.de/10011865020
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Endogenous spatial production networks : quantitative implications for trade and productivity
Panigrahi, Piyush - 2021
Larger Indian firms selling inputs to other firms tend to have more customers, tend to be used more intensively by their customers, and tend to have larger customers. Motivated by these regularities, I propose a novel empirical model of trade featuring endogenous formation of input-output...
Persistent link: https://www.econbiz.de/10012697136
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The Influence of Capital Market Integration on Production and Market Structures
Koop, Michael J. - 2001
The paper analyzes the effects of increasing capital market integration on production and market structures, trade and capital flows as well as national and global welfare. In order to facilitate the analysis of the integration process, three stages of capital market integration are defined....
Persistent link: https://www.econbiz.de/10010260467
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International trade and retailing
Eckel, Carsten - 2009
The New Trade Theory predicts that international trade lowers prices for consumers and expands the choices available to them. This study shows that both predictions may no longer hold once adjustments in the retail sector are taken into account. I present a new model of retailing in general...
Persistent link: https://www.econbiz.de/10010264598
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Unemployment in an interdependent world
Felbermayr, Gabriel; Larch, Mario; Lechthaler, Wolfgang - 2009
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10010265248