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Credit Constraints, Quality, and Export Prices : Theory and Evidence from China

Fan, Haichao - 2014

This paper presents theory and evidence from highly disaggregated Chinese data that tighter credit constrains force firms to produce lower quality. The paper modifies Melitz's (2003) model of trade with heterogeneous firms by introducing quality choice and credit constraints. The quality sorting...

Persistent link: https://www.econbiz.de/10013065613

Credit Constraints, Quality, and Export Prices : Theory and Evidence from China

Fan, Haichao - 2015

This paper presents theory and evidence that tighter credit constrains force firms to produce lower quality. The paper develops a quality sorting model that predicts that tighter credit constraints faced by a firm reduce its optimal prices due to its choice of lower-quality products. Conversely,...

Persistent link: https://www.econbiz.de/10013022579

Credit Constraints, Quality, and Export Prices : Theory and Evidence from China

Fan, Haichao - 2015

Persistent link: https://www.econbiz.de/10013027603

Hedging the Counterparty Credit Risk of an Oil Company with Oil Futures Using Dynamic GARCH – A Derivative's Approach to Right-Way Risk

Lehrbass, Frank - 2014

If the creditworthiness of a counterparty is a derivative of a commodity price, there is the potential to have right- or wrong-way exposures in respective commodity transaction. Identifying them is important, because otherwise credit costs might be inadequately calculated and wrong incentives...

Persistent link: https://www.econbiz.de/10013061102

Credit Constraints, Quality, and Export Prices: Theory and Evidence from China

Fan, Haichao; Lai, Edwin L.-C.; Li, Yao Amber - HKUST Institute for Emerging Market Studies (IEMS), … - 2015

Persistent link: https://www.econbiz.de/10011266157

The West European Woollen Industries and their Struggles for International Markets, c.1000 - 1500

Munro, John H. - University of Toronto, Department of Economics - 2000

Although this paper is, ostensibly, a macro- and micro-economic historical study of competition in the West European woollen textile ind ustries, in France, the Low Countries, England, Italy, and Iberia (Catalonia and Aragon), and of their related wool and cloth trades, covering all of Europe...

Persistent link: https://www.econbiz.de/10005704815

Wool and Wool-Based Textiles in the West European Economy, c.800 - 1500: Innovations and Traditions in Textile Products, Technology, and Industrial Organisation

Munro, John H. - University of Toronto, Department of Economics - 2000

This paper is a necessary companion to the one entitled The West European Woollen Industries and their Struggles for International Markets, c.1000 - 1500. No one can properly comprehend that five-century history of international competition for textile markets, without some basic understanding...

Persistent link: https://www.econbiz.de/10005827217

Falling Trade Costs, Heterogeneous Firms, and Industry Dynamics

Bernard, Andrew B.; Jensen, J. Bradford; Schott, Peter K. - Peter G. Peterson Institute for International Economics … - 2003

international trade with heterogeneous firms predict that industry productivity will rise as trade costs fall due to the … costs over time and industries. As the models predict, productivity growth is faster in industries with falling trade costs …

Persistent link: https://www.econbiz.de/10005035520

Falling Trade Costs, Heterogeneous Firms, and Industry Dynamics

Bernard, Andrew B.; Jensen, J. Bradford; Schott, Peter K. - School of Management, Yale University - 2003

Persistent link: https://www.econbiz.de/10005587009

The effect of exchange rate movements on heterogeneous plants: A quantile regression analysis

Tomlin, Ben; Fung, Loretta - 2010

plant's placement within the productivity distribution. Appreciations of the local currency expose domestic plants to more … plants are forced from the market, which truncates the lower end of the productivity distribution. For surviving plants …, appreciations can lead to a reduction in plant size, which, in the presence of scale economies, can lower productivity. We examine …

Persistent link: https://www.econbiz.de/10010333033