Narrow search
Showing 1 - 10 of 671,062
Cover Image
Exports, Investment and Firm-Level Sales Volatility
Riano, Alejandro - 2011
This paper presents a dynamic model of risk-averse producers' decision to invest in physical capital and to export. The … model features irreversible investment, no capital markets and fixed and sunk costs to export. Several features of the … distribution of investment rates and export participation patterns observed in firm-level data are closely matched in a calibration …
Persistent link: https://www.econbiz.de/10013130747
Cover Image
The Decision to Export and the Volatility of Sales
Riano, Alejandro - 2010
This paper studies the export decision of risk-averse firms in a model featuring aggregate uncertainty and no capital … export. Using a calibrated version of the model, I show that firms are more likely to export when the correlation between … show that exporting increases the volatility of total sales …
Persistent link: https://www.econbiz.de/10013143547
Cover Image
Exports, investment and firm-level sales volatility
Riaño, Alejandro - In: Review of world economics 147 (2011) 4, pp. 643-663
Persistent link: https://www.econbiz.de/10009376607
Cover Image
Exports, investment and firm-level sales volatility
Riaño, Alejandro - 2011
This paper presents a dynamic model of risk-averse producers' decision to invest in physical capital and to export. The … model features irreversible investment, no capital markets and fixed and sunk costs to export. Several features of the … distribution of investment rates and export participation patterns observed in firm-level data are closely matched in a calibration …
Persistent link: https://www.econbiz.de/10010274958
Cover Image
Selection, trade, and employment : the strategic use of subsidies
Molana, Hassan; Montagna, Catia - 2015
We study how the interaction between economic openness and competitive selection affects the effectiveness of employment (and entry) subsidisation. Within a twocountry heterogeneous-firms model with endogenous labour supply, we find that optimal employment subsidies are always positive even...
Persistent link: https://www.econbiz.de/10011336582
Cover Image
Negative shocks, job creation, and selection
Kopasker, Daniel; Görg, Holger; Molana, Hassan; … - 2013
. Our results confirm the key predictions of the theory. …
Persistent link: https://www.econbiz.de/10010432436
Cover Image
Competition, Firm Turnover and Productivity Growth
Baldwin, John R.; Gu, Wulong - 2009
This paper investigates the extent to which productivity growth is the result of firm turnover as output is shifted from one firm to another, driven by the competitive process. Turnover occurs as some firms gain market share and others lose it. Some of the resulting turnover is due to entry and...
Persistent link: https://www.econbiz.de/10014209428
Cover Image
Strategic investment and international outsourcing in unionised oligopoly
Leahy, Dermot; Montagna, Catia - 2010
We critically consider the conventional belief that the attractiveness of international outsourcing lies in cheaper labour costs overseas and that it offers a means to ‘escape’ the power of unions. We develop an oligopoly model in which firms facing unionised domestic labour market choose...
Persistent link: https://www.econbiz.de/10003941026
Cover Image
Costly external finance and investment efficiency in a market equilibrium model
Zábojník, Ján (contributor) - 2008
The corporate finance literature suggests that a financially constrained firm invests less than an identical unconstrained firm. This does not imply that financial frictions cause firms to invest less than they would in a frictionless economy. When firms compete for investment funds, an increase...
Persistent link: https://www.econbiz.de/10003671586
Cover Image
Persistent and transitory shocks, learning, and investment dynamics : paper presented at the HWWA Workshop, August 26-27, 1999, on "Uncertainty and Factor Demands", organized by Mi...
Moore, Bartholomew John; Schaller, Huntley; Funke, Michael - HWWA Workshop on Uncertainty and Factor Demands <1999, …; … - 1999
This paper introduces a new approach to understanding investment. The distinctive feature of our approach is that shocks to the economic fundamentals have both persistent and transitory components, and that firms must disentangle the persistent from the transitory shocks. The model generates...
Persistent link: https://www.econbiz.de/10011418195