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Regional implications of financial market development : credit rationing, trade, and location ; conference paper

Ehrlich, Maximilian von; Seidel, Tobias - 2013

We develop a heterogeneous-firms model with trade in goods, labor mobility and credit constraints due to moral hazard. Mitigating financial frictions reduces the incentive of high-skilled workers to migrate to one region such that an unequal distribution of industrial activity becomes less...

Persistent link: https://www.econbiz.de/10010344666

Exchange rate pass-through into German import prices : a disaggregated perspective ; conference paper/ Belke, Ansgar; Beckmann, Joscha; Verheyen, Florian

Beckmann, Joscha; Belke, Ansgar; Verheyen, Florian - 2013

This study analyzes the exchange rate pass-through into German import prices based on disaggregated data taken on a monthly basis between 1995 and 2012. Our main contribution is twofold: firstly, we employ various time-series techniques to analyze data for different product categories, and also...

Persistent link: https://www.econbiz.de/10010341125

International trade and unemployment : a quantitative framework ; conference paper

Heid, Benedikt; Larch, Mario - 2013

Quantifying the welfare effects of trade liberalization is a core issue in international trade. Existing frameworks assume perfect labor markets and therefore ignore the effects of aggregate employment changes for welfare. We develop a quantitative trade framework which explicitly models labor...

Persistent link: https://www.econbiz.de/10010341027

Where's the value added? : China's WTO entry, trade and value chains ; conference paper

Aichele, Rahel; Heiland, Inga - 2014

-sectoral linkages that gives rise to a gravity equation for value added trade flows. As in Koopman et al. (forthcoming), exports can be … decomposed into value added exports, exports of foreign value added and double counting. We construct a panel database of value …-accession levels. We find that China's WTO entry strengthend the Asian production network. Chinese value added in exports reduced and …

Persistent link: https://www.econbiz.de/10010485295

Global sourcing : towards an empirical test of the hold-up model ; conference paper

Kohler, Wilhelm; Smolka, Marcel - 2013

propose a novel representation of the model which guides us in bringing the theory to the data. We estimate a discrete choice …

Persistent link: https://www.econbiz.de/10010336794

Export market risk and the role of public credit guarantees : conference paper

Heiland, Inga; Yalçin, Erdal - 2014

In this paper we analyze the impact of public export credit guarantees on firms' exports. Earlier studies show that … export credit guarantees stimulate exports, employment, and value added. Furthermore, there is evidence at the aggregate … monthly firm-level survey data combined with official transaction-level data on covered exports of German firms to analyze in …

Persistent link: https://www.econbiz.de/10010486626