Showing 61 - 70 of 74,705
This paper studies the macroeconomic implications of firms' investment composition choices in the presence of credit constraints. Following a negative and persistent aggregate productivity shock, firms shift into short-term investments because they produce more pledgeable output and because they...
Persistent link: https://www.econbiz.de/10008678708
Traditional specifications of export equations incorporate foreign demand as a demand pull factor and the real exchange … rate as a relative price variable. However, such standard export equations have failed to explain the export performance of … euro area countries during the crisis period. In particular, the significant gains in export market shares in a number of …
Persistent link: https://www.econbiz.de/10010195462
Traditional specifications of export equations incorporate foreign demand as a demand pull factor and the real exchange … rate as a relative price variable. However, such standard export equations have failed to explain the export performance of … euro area countries during the crisis period. In particular, the significant gains in export market shares in a number of …
Persistent link: https://www.econbiz.de/10010255111
and export performance among European economies. We use the information compiled in the Trade module of CompNet to …-exporters. However, this productivity premium is rising with the export experience of firms, with permanent exporters being much more …
Persistent link: https://www.econbiz.de/10011605833
This paper show evidence that firms choose from a much larger set of internationalization modes than usually assumed in the international trade literature and that this choice is governed by similar selection processes than the one proposed by Helpman, Melitz, Yeaple (2004 AER). We rely on a...
Persistent link: https://www.econbiz.de/10011444400
processes induced by its import and export links with foreign markets. By using microdata for a large sample of Spanish firms … starting to export. In a sequence, exporting may enable firms to introduce further innovations. These positive learning effects …
Persistent link: https://www.econbiz.de/10010313257
heterogeneous firms that generates learning effects through competition in the export markets. The estimations perfirmed on the …
Persistent link: https://www.econbiz.de/10010313260
and export performance among European economies. We use the information compiled in the Trade module of CompNet to … nonexporters. However, this productivity premium is rising with the export experience of firms, with permanent exporters being much …
Persistent link: https://www.econbiz.de/10011506802
export participation is very low and highly concentrated among a few firms and that service exporters are on average larger … and more productive than non-exporters. We also find that firm productivity increases with the number of export markets … served. The detailed analysis on the export premium suggests the self-selection of firms as well as learning effects from …
Persistent link: https://www.econbiz.de/10011392364
This paper provides a direct test of how fixed export costs and productivity jointly determine firm-level export … behavior. Using Chilean data, we construct indices of fixed export costs for each industry-region-year triplet and match them … to domestic firms. Our empirical results show that firms facing higher fixed export costs are less likely to export …
Persistent link: https://www.econbiz.de/10010256719