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Why is it that exporter productivity premia (EPP) differ so widely in size? We take this question to the theory and to the data. We derive the sectoral EPP in a standard heterogeneous firms trade model and apply the insights from the model to 13 years of data for all Danish manufacturing firms....
Persistent link: https://www.econbiz.de/10010246063
In this paper, we merge the heterogenous firm trade model of Melitz (2003) with the Ricardian model of Dornbusch, Fisher and Samuelson (DFS 1977) to explain how the pattern of international specialization and trade is determined by the interaction of comparative advantage, economies of scale,...
Persistent link: https://www.econbiz.de/10009375055
This paper assesses the impact of market power and multinationality in EU12 manufacturing industries on EU integration in goods trade in the 90ies. An increase in the market concentration exhibits a positive impact on bilateral exports, while an increase in multinationality works in the opposite...
Persistent link: https://www.econbiz.de/10011492659
This article analyzes the effects of trade liberalization between two asymmetric industries. Asymmetries concern consuemers' masses and labor endowments. The latter, together with human capital specificity in the production of the variants of a vertically differentiated good, determine market...
Persistent link: https://www.econbiz.de/10012730381
We build on the latest developments in the structural gravity literature to quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the...
Persistent link: https://www.econbiz.de/10012822504
Spanish Abstract: El presente estudio es producto del trabajo de investigación que se realizó durante el año 2012 dentro del Taller de Investigación Comercial, Aduanera y Observatorio de Negocios de la Universidad Autónoma de Baja California Sur. El objetivo de este trabajo es constrastar...
Persistent link: https://www.econbiz.de/10013062841
. Another progress in IIT studies was the research on the determinants of HIIT/VIIT. Various countryand industry …-specific determinants have been studied and differences in factor endowments and market size, physical and/or institutional barrier against … trade and foreign direct investment (FDI) are the key elements determining IIT in country level. Though these determinants …
Persistent link: https://www.econbiz.de/10014241145
of intra-industry trading caused the rise of theoretical models explaining the determinants of these trade flows. It also …
Persistent link: https://www.econbiz.de/10014030704
A striking pattern in transaction-level data is the concentration of international shipments in the hands of a few large firms. One common feature of dominating high-performance firms is that they produce multiple products and ship them to many destinations. Motivated by the emergence of highly...
Persistent link: https://www.econbiz.de/10014278242
A huge body of empirical and theoretical literature has emerged on the relationship between foreign exchange (FX) uncertainty and international trade. Empirical findings about the impact of FX uncertainty on trade figures are at best weak and often ambiguous with respect to its direction. Almost...
Persistent link: https://www.econbiz.de/10003634011