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Maci, Ilir - 2009

We study the potential loss in social welfare and changes in incentives to invest in R&D that result when the market leading firm is deprived of its position. We show that under plausible assumptions like free entry or repeated market interactions there is a social value of market leadership and...

Persistent link: https://www.econbiz.de/10013155868

Globalization, Survival, and Growth of Small and Medium-Sized Firms

Alvarez, Roberto - 2006

small and medium sized enterprises (SMEs) have experienced negative effects on their survival probability and employment … growth. Our results do not support some popular claims that SMEs are highly damaged by globalization. To better identify … the same size in less globalized industries, SMEs are more likely to survive in industries more exposed to external …

Persistent link: https://www.econbiz.de/10012734531

Attitudes Toward Risk and Cost Pass-Through Under Uncertainty

Luong, Phat V. - 2019

This paper takes into account the difference in risk-aversion of producers to explain their degree of cost pass-through. Each producer can be either risk-neutral or risk-averse, characterized by a CARA utility function. We use our model to explain the surcharge formula in the stainless steel...

Persistent link: https://www.econbiz.de/10012894037

Market-Discipline Effects of Trade Liberalization : Micro-Level Evidence from Ecuador, 1997-2003

Wong, Sara A. - 2008

This paper analyzes pro-competitive effects of increased trade openness in the manufacturing industry in Ecuador. The data comes from the survey of manufacturing and mining industries in Ecuador for the years 1997-2003. Estimation procedures on both industry- and establishment-level data try to...

Persistent link: https://www.econbiz.de/10012768359

Quality Heterogeneity and Misallocation : The Welfare Benefits of Raising your Standards

Macedoni, Luca - 2019

Inefficient allocation of production across heterogeneous firms is a major source of welfare loss, but frameworks generally ignore policies that reduce the misallocation. We study the welfare effects of policies that target the selection of surviving firms. As an example of such policies, we...

Persistent link: https://www.econbiz.de/10012864784

The Price of Capital Goods : A Driver of Investment Under Threat

Lian, Weicheng - 2019

Over the past three decades, the price of machinery and equipment fell dramatically relative to other prices in advanced and emerging market and developing economies. Using cross-country and sectoral data, we show that the decline in the relative price of tangible tradable capital goods provided...

Persistent link: https://www.econbiz.de/10012866217

Product Restructuring, Exports, Investment, and Growth Dynamics

Shen, Leilei - 2016

This paper estimates a dynamic general equilibrium model of entry, exit, and endogenous productivity growth. Productivity is endogenous both at the industry level (firms enter and exit) and at the firm level (firms invest in productivity-enhancing activities). The focus of the paper is on two...

Persistent link: https://www.econbiz.de/10012979269

An Explanatory Analysis on the Impact of Industrial Cluster Strategy on Industry Growth in Zimbabwe

Mahuni, Kenneth - 2016

There has been a growing concern of developing industrial clusters in developed nations and emerging economies in the past two decades to strengthen economic growth and development. The concept of properly organised industrial clusters has not yet been heavily implemented in developing nations,...

Persistent link: https://www.econbiz.de/10012979647

Tariff Passthrough at the Border

Gopinath, Gita - 2019

We use micro data collected at the border and at retailers to characterize the effects brought by recent changes in US trade policy - particularly the tariffs placed on imports from China - on importers, consumers, and exporters. We start by documenting that the tariffs were almost fully passed...

Persistent link: https://www.econbiz.de/10012858385

Import Competition and Firm Innovation : Evidence from China

Liu, Qing; Lu, Ruosi; Lu, Yi; Luong, Tuan Anh - 2021

This paper investigates whether and how import competition affects firm innovation. Using China’s World Trade Organization (WTO) accession as a quasi-natural experiment, we find that import competition reduces firm innovation, which is consistent with the Schumpeterian effect. We also find...

Persistent link: https://www.econbiz.de/10013236879