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Globalisation is associated with long periods of sustained economic growth and credit expansion, whereas major … recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply … driven by policy: rather, in a model of costly search, firms who are engaged in a searching process are very sensitive to …
Persistent link: https://www.econbiz.de/10010299558
Globalisation is associated with long periods of sustained economic growth and credit expansion, whereas major … recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply … driven by policy: rather, in a model of costly search, firms who are engaged in a searching process are very sensitive to …
Persistent link: https://www.econbiz.de/10010301325
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many...
Persistent link: https://www.econbiz.de/10012444046
This paper studies the macroeconomic implications of firm-branding activities. We show empirically that firms build market share by creating new brands, developing their existing brands, and buying established brands from other firms. Sales and prices of the underlying branded products tend to...
Persistent link: https://www.econbiz.de/10014235560
During the Great Moderation, macroeconomic volatility declined while firm markups increased. We document a causal relationship between volatility and markups due to tacit collusion. We exploit the legalisation of interstate banking as an exogenous decrease in volatility. Using an instrumental...
Persistent link: https://www.econbiz.de/10014254341
Globalisation, has intensified the demand preference for quality labour, that embodies more knowledge and competency … trade and FDI are found to have significant impact on the upsurge of labour productivity growth in BRICS, where the …
Persistent link: https://www.econbiz.de/10011374061
Persistent link: https://www.econbiz.de/10009790503
Persistent link: https://www.econbiz.de/10011548398
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Persistent link: https://www.econbiz.de/10012816432