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This paper develops a theory of firm selection and growth and embeds it into an international trade framework of … continuous arrival of new potential producers. Firms can also pay an increasing market penetration cost to sell more to a given … market. The model is consistent with a set of salient regularities of firm and exporter selection and growth, as well as the …
Persistent link: https://www.econbiz.de/10003850872
This paper develops a theory of firm selection and growth and embeds it into an international trade framework of … continuous arrival of new potential producers. Firms can also pay an increasing market penetration cost to sell more to a given … market. The model is consistent with a set of salient regularities of firm and exporter selection and growth, as well as the …
Persistent link: https://www.econbiz.de/10010265977
We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity differences across monopolistically competitive firms are endogenous and depend on investment decisions at the entry stage. By increasing entry costs, financial frictions lower the...
Persistent link: https://www.econbiz.de/10011447515
Persistent link: https://www.econbiz.de/10011932757
Findings from the literature suggest that previous estimates of the variety gains from trade are too small because of the imprecise measurement of the imported variety set under the Armington assumption. In this contribution, I use results from the literature on multi-product firms to obtain...
Persistent link: https://www.econbiz.de/10009718088
the timing of export growth. Contrary to the theory, employment was largely reallocated from very large establishments … shock process makes the theory consistent with the changes in the employment size distribution. We also find that the …
Persistent link: https://www.econbiz.de/10013101590
This paper measures the pass-through of trade costs into U.S. import prices by using actual data on duties/tariffs and freight-related costs. The key innovation is to decompose the indirect effects of trade costs (on prices) into the effects on markups, quality and productivity while...
Persistent link: https://www.econbiz.de/10014158647
Persistent link: https://www.econbiz.de/10000705059
Persistent link: https://www.econbiz.de/10011484171
Persistent link: https://www.econbiz.de/10001424150