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consistent with the key features of the data regarding productivity, exporting, and importing. We perform a variety of … export their goods and whether to use imported intermediates. The model highlights mechanisms whereby import policies affect … counterfactual experiments to assess quantitatively the positive and normative effects of barriers to trade in import and export …
Persistent link: https://www.econbiz.de/10012772491
Persistent link: https://www.econbiz.de/10009719618
, built from highly disaggregated US import data. Consistent with the model, financial development increases sales dispersion …
Persistent link: https://www.econbiz.de/10011447515
How do banks facilitate creative destruction and shape firm turnover? We develop a dynamic general equilibrium model of bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By restructuring loans to firms with poor prospects and...
Persistent link: https://www.econbiz.de/10013453926
We study the effects of import competition on industry locations patterns in a small open economy with two regions … is linked with firm-level innovation through an import competition effect that is increasing in the market share of … imported goods and the productivity differential of domestic firms with the rest of the world. We show that increased import …
Persistent link: https://www.econbiz.de/10012113952
In France, firms with 50 employees or more face substantially more regulation than firms with less than 50. As a result, the size distribution of firms is visibly distorted: there are many firms with exactly 49 employees. We model the regulation as the combination of a sunk cost that must be...
Persistent link: https://www.econbiz.de/10010196279
In France, firms that have 50 employees or more face substantially more regulation than firms that have less than 50. As a result, the size distribution of firms is visibly distorted: there are many firms with exactly 49 employees. We model the regulation as the combination of a sunk cost that...
Persistent link: https://www.econbiz.de/10011757262
How do banks facilitate creative destruction and shape firm turnover? We develop a dynamic general equilibrium model of bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By restructuring loans to firms with poor prospects and...
Persistent link: https://www.econbiz.de/10014241611
This paper provides a direct test of how fixed export costs and productivity jointly determine firm-level export behavior. Using Chilean data, we construct indices of fixed export costs for each industry-region-year triplet and match them to domestic firms. Our empirical results show that firms...
Persistent link: https://www.econbiz.de/10010256719
Received wisdom suggests that most exporters sell the majority of their output domestically. In this paper, however, we show that the distribution of export intensity not only varies substantially across countries, but in a large number of cases is also bimodal, displaying what we refer to as...
Persistent link: https://www.econbiz.de/10011750100