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The risk of default that business firms face is very significant and differs widely across countries. This paper explores the links between countries' business conditions and international trade embedment and the default risk at the country level from a theoretical point of view. Our main...
Persistent link: https://www.econbiz.de/10010278811
-border versus foreign affiliate sales. We find that for firms in our sample productivity is both a statistically significant and …
Persistent link: https://www.econbiz.de/10010281935
-border versus foreign affiliate sales. We find that for firms in our sample productivity is both a statistically significant and …
Persistent link: https://www.econbiz.de/10010282050
The robust empirical finding that exporting firms are systematically different from firms that merely serve domestic consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The establishment of a canonical model due to Melitz (2003) has...
Persistent link: https://www.econbiz.de/10010286896
firms, and multiple asymmetric regions. Wages, productivity, consumption diversity, and markups across firms and markets are … by the Canada-US border. We find that Canadian average labor productivity increases by 8.03%, whereas US average labor … productivity rises by just 1.02%. Consumers' exposure to market power falls sizably by up to 12.11% in the Canadian provinces, and …
Persistent link: https://www.econbiz.de/10010290746
-border versus foreign-affiliate sales. We find that for firms in our sample productivity is both a statistically significant and …
Persistent link: https://www.econbiz.de/10011083635
homogeneous firm model that is a special case of a heterogeneous firm model with a degenerate productivity distribution. Keeping … all structural parameters besides the productivity distribution the same, we show that the two models have different … quantitatively important (up to a few percentage points of GDP). Under the assumption of a Pareto productivity distribution, the two …
Persistent link: https://www.econbiz.de/10011083966
This paper analyses the trade effects of restrictive product standards on the margins of trade for a large panel of French firms. To focus on restrictive product standards only, we use a new database compiling the list of measures that have been raised as concerns in dedicated committees of the...
Persistent link: https://www.econbiz.de/10011115036
We estimate the elasticity of extra-EU French firm-level exports with respect to applied tariffs, a variable trade cost. We propose a methodology controlling for unobserved firm characteristics driving selection in exports market and for the usual resistance terms. Results confirm a significant...
Persistent link: https://www.econbiz.de/10011207677
The close relationship between politics and enterprises made the revolving door wide open and reinforced business influence on political decisions. The paper analyses relationship between firm entry institutions and import competition inside the EU. Though there is a clear tendency for entry and...
Persistent link: https://www.econbiz.de/10010886832