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India has one of the most advanced pharmaceutical industries among developing countires. Yet India is critically dependent on China for supplies of build drugs and drug intermediates with China accounting for about two-thirds of the total imports. In the early 1990s, China was relatively a minor...
Persistent link: https://www.econbiz.de/10013466963
After the EU accession of the Visegrad countries (the Czech Republic, Hungary, Poland and Slovakia) in 2004 one of the most remarkable developments was a sudden upturn in mutual trade of this region's countries. In 2007 the value of aggregate intra-Visegrad trade was two and a half times higher...
Persistent link: https://www.econbiz.de/10012152976
We study the gains from trade in a model with endogenously variable markups. We show that the pro-competitive gains from trade are large if the economy is characterized by (i) extensive misallocation, i.e., large inefficiencies associated with markups, and (ii) a weak pattern of cross-country...
Persistent link: https://www.econbiz.de/10009768040
Why is it that exporter productivity premia (EPP) differ so widely in size? We take this question to the theory and to … EPPs across sectors, and hence across countries, can be explained by the variation in productivity dispersion, trade costs …
Persistent link: https://www.econbiz.de/10010246063
We study the gains from trade in a model with endogenously variable markups. We show that the pro-competitive gains from trade are large if the economy is characterized by (i) extensive misallocation, i.e., large inefficiencies associated with markups, and (ii) a weak pattern of cross-country...
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The purpose of this paper is to evaluate the role of trade in productivity growth in a sample of 30 sectors in 25 EU … hour worked in these countries appear to be mainly due to positive developments (rising productivity) within single … industries and only to a lower extent result from a shift towards higher productivity activities. Trade is found to be an …
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