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This paper suggests a quantifiable multi-sector-multi-country economic model of goods and services production and consumption. It calibrates overall (variable and fixed) costs to market-specific sales by sector and decomposes these costs into observable and unobservable components. In an...
Persistent link: https://www.econbiz.de/10011945050
How does import protection affect export performance? In trade models with scale economies, import liberalization can reduce industry-level exports by cutting domestic production. We show that this export destruction mechanism reduced US export growth following the permanent normalization of...
Persistent link: https://www.econbiz.de/10012817913
Neither of the major negotiations underway in the Asia-Pacific region, the Regional Comprehensive Economic Partnership and the Trans-Pacific Partnership, includes both China and the United States. By failing to connect these economies, these agreements would leave much of the economic and...
Persistent link: https://www.econbiz.de/10014141306
How does import protection affect export performance? In trade models with scale economies, import liberalization can reduce industry-level exports by cutting domestic production. We show that this export destruction mechanism reduced US export growth following the permanent normalization of...
Persistent link: https://www.econbiz.de/10013300868
to leave the market, thereby affecting aggregate productivity. Since wage and productivity responses are endogenous, our … model is well suited to studying the impact of trade integration on aggregate productivity and factor prices. Using Canada … of removing the Canada-US border on wages, productivity, mark-ups, the share of exporters, the mass of varieties produced …
Persistent link: https://www.econbiz.de/10011599058
spillovers from incumbent firms to entrants cause the productivity threshold for firm survival to grow over time as competition …
Persistent link: https://www.econbiz.de/10011374302
We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity …
Persistent link: https://www.econbiz.de/10011447515
heterogeneous firms and costly trade. Growth originates from horizontal specialization and the steady state productivity growth rate … production. -- productivity ; entry costs ; heterogeneous firms ; trade liberalization …
Persistent link: https://www.econbiz.de/10009746794
investigate the relation between firms' trading activities (importing, exporting or both) and productivity. We find important self … correlated within firms, failing to control for the importing activity leads to overstated average productivity premia of … exporters. -- Trade openness ; Firms' Heterogeneity ; Productivity …
Persistent link: https://www.econbiz.de/10008821877
This paper proposes a model that accounts for “export platform†FDI – a form of FDI that is common in the data but rarely discussed in the theoretical literature. Unlike the previous literature, this paper’s theory nests all the typical modes of supply, including exports,...
Persistent link: https://www.econbiz.de/10011134413