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China announced its initiative of the so‑called New Silk Road project for the first time in 2013. Although its extent, concept or even its current name (The Belt and Road Initiative, BRI) have changed on a number of occasions since then, it cannot be denied that this is one of the most...
Persistent link: https://www.econbiz.de/10012024089
In this paper we revisit the evidence on the effects of time spent on border-crossing procedures for international trade using a theory-consistent structural gravity model. We exploit a rich panel data set including domestic trade flows and employ a recent econometric estimator that exhibits...
Persistent link: https://www.econbiz.de/10011952072
The objective of this paper is an analysis of the evolution of foreign direct investment and foreign trade in Romania, and also, of their influences on the Romanian economic growth. The current situation of the foreign direct investment in Romania and of foreign trade is analyzed in the...
Persistent link: https://www.econbiz.de/10005248499
Internationally active firms rely intensively on trade credits even though they are considered particularly expensive. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial constraints arising from asymmetric information...
Persistent link: https://www.econbiz.de/10009653960
Internationally active firms rely intensively on trade credits even though they are considered particularly expensive. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial constraints arising from asymmetric information...
Persistent link: https://www.econbiz.de/10010556727
import compression. It is also found that export performance could have been far better if Indonesia did not suffer from …
Persistent link: https://www.econbiz.de/10008740115
and joint ventures trade more and import more products from more source countries, but export fewer products to fewer … international trade and the importance of foreign ownership for firms’ export and import decisions …
Persistent link: https://www.econbiz.de/10014216375
Firms play a critical role in the global economy. In this paper, we survey the behavior of firms in the international economy, both in theory and in the data. We first summarize the key empirical facts that motivate the study of firms in trade. Then, we detail recent theoretical developments on...
Persistent link: https://www.econbiz.de/10014122547
via which importing more varieties of intermediate inputs increases export scope: (i) imported inputs may enhance … productivity and thereby help the firm to overcome export fixed costs (the indirect productivity channel); (ii) low-priced imported … inputs may boost expected export revenue (the direct-cost channel); and (iii) importing intermediate inputs may reduce export …
Persistent link: https://www.econbiz.de/10013029252
In den letzten Monaten stand das deutsche »Exportmodell« in der Kritik. Die deutschen Überschüsse seien mitverantwortlich für die Defizite der Nachbarländer und schaden den Handelspartnern. Ist diese Einschätzung gerechtfertigt? Für Gabriel Felbermayr, Universität Hohenheim, entbehren...
Persistent link: https://www.econbiz.de/10008765609