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  1. Quality and gravity in international trade
    Published: 15 January 2018
    Publisher:  Centre for Economic Policy Research, London

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    Language: English
    Media type: Book
    Format: Print
    Series: Array ; DP 12602
    Subjects: Außenwirtschaftstheorie; Produktqualität; Innovation; Produktdifferenzierung; Fixkosten; Außenhandelselastizität; Gravitationsmodell; Theorie; heterogeneous firms
    Scope: 52 Seiten, Illustrationen
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    Erscheint auch als Online-Ausgabe

  2. Technological synergies, heterogeneous firms, and idiosyncratic volatility
    Published: [2024]
    Publisher:  Department of Economics, University of Oxford, Oxford

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    Series: Department of Economics discussion paper series / University of Oxford ; number 1037 (March 2024)
    Subjects: Technological synergies; heterogeneous firms; idiosyncratic uncertainty
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  3. Technological synergies, heterogeneous firms, and idiosyncratic volatility
    Published: March 8, 2024
    Publisher:  Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, Philadelphia, PA

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    Series: PIER working paper ; 24, 008
    Subjects: Technological synergies; heterogeneous firms; idiosyncratic uncertainty
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen
  4. Lobbying for globalisation
    Published: [2024]
    Publisher:  [Paris School of Economics], [Paris]

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    Series: Working paper / Paris School of Economics ; no 2024, 48
    Subjects: Trade agreements; endogenous lobbying; heterogeneous firms
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  5. Multi-product firms and trade liberalization
    Published: 2006
    Publisher:  Tuck School of Business at Dartmouth, Hanover, NH

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: Rev.
    Series: Tuck School of Business working paper ; 2008-44
    Subjects: heterogeneous firms; endogenous product scope; love of variety; core competency
    Scope: Online-Ressource (52 S., 540,36 KB), graph. Darst.
    Notes:

    Literaturverz. S. 41 - 44

  6. The variation of export prices across and within firms
    Published: 2016
    Publisher:  Banco de España, Madrid

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Documentos de trabajo / Banco de España, Eurosistema ; no. 1634
    Subjects: export prices; firm-level transaction data; heterogeneous firms; quality; Spain
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  7. International trade, non-trading firms and their impact on labour productivity
    Published: April 2019
    Publisher:  Bank of England, London

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    Format: Online
    Series: Staff working paper / Bank of England ; no. 787
    Subjects: International trade; heterogeneous firms; productivity; endogenous persistence
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  8. A replication of "The role of intermediaries in facilitating trade" (Journal of International Economics, 2011)
    Published: 2020
    Publisher:  [Kiel Inst. for the World Economy], [Kiel]

    This study replicates Ahn, Khandelwal, and Wei’s (2011) model of intermediary trade. The study produces two main results. First, the authors are able to reproduce empirical evidence for AKW’s three main predictions for Chinese exports. This is... more

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    This study replicates Ahn, Khandelwal, and Wei’s (2011) model of intermediary trade. The study produces two main results. First, the authors are able to reproduce empirical evidence for AKW’s three main predictions for Chinese exports. This is impressive because much of the data for their replication are independently sourced. However, when the authors subject their model to additional tests, they find that the evidence is not robust. Using more recently available data to test AKW´s first prediction, the authors estimate coefficients that are wrong-signed and significant. When they re-analyze the evidence supporting the second and third predictions, they find that the full sample results mask significant heterogeneity across Chinese regions. In many cases, key coefficients are insignificant. In a few cases, they are wrong-signed and significant. Finally, using multiple versions of a key variable measuring the number of required import documents by country, the authors discover that the results are not robust across versions.

     

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    Contributor: Ahn, JaeBin (VerfasserIn des Bezugswerks); Khandelwal, Amit K. (VerfasserIn des Bezugswerks); Wei, Shang-jin (VerfasserIn des Bezugswerks)
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/220003
    Series: Economics ; vol. 14, 2020-21
    Subjects: Intermediaries; exports; productivity; heterogeneous firms; China
    Scope: 1 Online-Ressource (30 Seiten), Illustrationen
  9. The rules of origin and global value chains conundrum
    Published: [2022]
    Publisher:  The Graduate Institute Geneva, Center for Trade and Economic Integration, Geneva

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    Language: English
    Media type: Book
    Format: Online
    Series: [CTEI working paper]
    Subjects: trade; tariffs; rules of origin; global value chains; heterogeneous firms
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  10. Automation, market concentration, and the labor share
    Published: [2022]
    Publisher:  Federal Reserve Bank of San Francisco, [San Francisco, CA]

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    Series: Working papers series / Federal Reserve Bank of San Francisco ; 2022, 05 (April 2022)
    Subjects: Automation; market concentration; labor share; markup; reallocation; heterogeneous firms
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  11. Foreign competition, skill premium, and product quality
    impact of Chinese competition on Mexican plants
    Published: 2022
    Publisher:  Global Labor Organization (GLO), Essen

    This paper analyses the effect of rising competition from Chinese exports on the skill premium of Mexican plants. Using detailed product-plant-level production data from Mexico and bilateral product-level trade data for 1994-2007, we provide evidence... more

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    This paper analyses the effect of rising competition from Chinese exports on the skill premium of Mexican plants. Using detailed product-plant-level production data from Mexico and bilateral product-level trade data for 1994-2007, we provide evidence that Mexican plants reduce their skill premium in response to increasing competition from Chinese exports, and the effect is more pronounced among non-exporting plants. Thus, we develop a model linking competition and wage inequality between skilled and unskilled workers by introducing these two types of labour to a model with heterogeneous firms and quality differentiation. Our model predicts that tougher competition leads plants to downgrade quality, which induces a decline in the wage difference between skilled and unskilled workers. We investigate this hypothesis empirically by analysing the effect of Chinese competition on the product quality of Mexican plants. Consistent with the fall in the skill premium, we document a downgrading impact of China's rise on Mexican plants' product quality and this quality downgrading is less intense for products sold in the foreign market. These findings provide empirical support for the predictions of our model.

     

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    Other identifier:
    hdl: 10419/264145
    Series: GLO discussion paper ; no. 1162
    Subjects: product quality; Chinese competition; skill premium; Mexico; heterogeneous firms
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  12. Foreign competition, skill premium, and product quality
    impact of Chinese competition on Mexican plants
    Published: [2022]
    Publisher:  Università degli studi di Trento, Dipartimento di economia e management, [Trento]

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    Series: DEM working papers ; n. 2022, 04
    Subjects: product quality; Chinese competition; skill premium; Mexico; heterogeneous firms
    Scope: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  13. Corporate taxation in open economies
    Published: September 2022
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This paper analyzes the macroeconomic impact of corporate taxation. The analysis is conducted in a quantitative two-country model. In the first step, the paper describes the long-run effects of corporate taxation. A reduction in the corporate-income... more

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    This paper analyzes the macroeconomic impact of corporate taxation. The analysis is conducted in a quantitative two-country model. In the first step, the paper describes the long-run effects of corporate taxation. A reduction in the corporate-income tax rate increases GDP, wages, consumption, investment, and business density. The trade balance is at the same time negatively affected. Firms headquartered in a country which lowers its corporate tax become internationally less active and instead focus more on their domestic market. In the second step, the paper presents adjustment dynamics that are induced by a corporate-tax reform. The dynamic response of the economy can substantially differ when comparing shorter and longer time horizons.

     

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    hdl: 10419/265977
    Series: CESifo working paper ; no. 9942 (2022)
    Subjects: corporate taxation; macroeconomy; heterogeneous firms; multinationals; international spillovers
    Scope: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  14. Aggregate properties of open economy models with expanding varieties
    Published: July 2022
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We present a unified dynamic framework to study the interconnections between international trade and business cycle models. We prove an aggregate equivalence between a competitive, representative firm model that has aggregate production externalities... more

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    We present a unified dynamic framework to study the interconnections between international trade and business cycle models. We prove an aggregate equivalence between a competitive, representative firm model that has aggregate production externalities and dynamic trade models that feature monopolistic competition, endogenous entry, and heterogeneous firms. The production externalities in the representative firm model have to be introduced in the intermediate and final good sectors so that the model is isomorphic to dynamic trade models that embody love-of-variety and selection effects. In a quantitative exercise with multiple shocks, we show that to improve the fit of the dynamic trade models with the data, the most important ingredient is negative capital externality in the intermediate good sector. We conclude that this presents a puzzle for the literature as standard dynamic trade models provide micro-foundations for positive capital externality.

     

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    Other identifier:
    hdl: 10419/263800
    Series: CESifo working paper ; no. 9870 (2022)
    Subjects: international business cycle; dynamic trade models; heterogeneous firms; production externalities; monopolistic competition; export costs; entry costs
    Scope: 1 Online-Ressource (circa 89 Seiten), Illustrationen
  15. The 2003 tax reform and corporate payout policy in the US
    Published: May 2022
    Publisher:  Charles University, Center for Economic Research and Graduate Education, Prague

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    Media type: Ebook
    Format: Online
    ISBN: 9788073435349; 9788073446376
    Series: Working paper series / CERGE-EI ; 727
    Subjects: payout flexibility; capital reallocation; tax reform; heterogeneous firms
    Scope: 1 Online-Ressource (circa 73 Seiten), Illustrationen
  16. Trade credit default
    Published: November 15, 2021
    Publisher:  CFM, Centre for Macroeconomics, London

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    Series: CFM discussion paper series ; CFM-DP 2021, 25
    Subjects: trade credit; default; delinquency and bankruptcy; heterogeneous firms; amplification of macroeconomic shocks; markups
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  17. Complementarity between firm exporting and firm importing on industry productivity and welfare
    Published: 2019
    Publisher:  RIETI, [Tokyo, Japan]

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    Series: RIETI discussion paper series ; 19-E, 065
    Subjects: Firm exporting; firm importing; heterogeneous firms
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  18. Agglomeration of low-productive entrepreneurs to large regions
    a simple model
    Published: 2019
    Publisher:  RIETI, [Tokyo, Japan]

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    Series: RIETI discussion paper series ; 19-E, 102
    Subjects: agglomeration; heterogeneous firms; spatial sorting
    Scope: 1 Online-Ressource (circa 18 Seiten), Illustrationen
  19. Made and created in China
    super processors and two-way heterogeneity
    Published: [2019]
    Publisher:  Tinbergen Institute, Amsterdam, The Netherlands

    In this paper, we show that there exists a special breed of firms that are active in both ordinary and processing exports. Contrary to the existing literature that describes processing firms as inferior, these mixed firms are superior to other firms... more

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    In this paper, we show that there exists a special breed of firms that are active in both ordinary and processing exports. Contrary to the existing literature that describes processing firms as inferior, these mixed firms are superior to other firms in multiple dimensions, and hence we call them \super processors." We build on Antràs et al. (2017) and Bernard et al. (2019) to develop a model in which firms are heterogeneous in multiple stages of production. Firms endogenously choose to become suppliers or final good producers, and those that excel in both manufacturing ability and blueprint quality choose to engage in both activities. We test our model's central prediction by exploiting China's pilot \paperless" processing trade supervision program that lowered the cost of processing trade but left ordinary trade costs unchanged. We find that facilitating processing exports induces productive domestic downstream firms to establish their own trademarks. Our results highlight that processing trade not only leads goods to be \Made in China," but also \Created in China."

     

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    Other identifier:
    hdl: 10419/220029
    Series: Array ; TI 2019, 080
    Subjects: heterogeneous firms; production networks; trade policy; processing trade; China
    Scope: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  20. Trade liberalization and the agglomeration of heterogeneous entrepreneurs
    Published: 10 December 2018
    Publisher:  Centre for Economic Policy Research, London

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    W 32 (13381)
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    Series: Discussion paper series / Centre for Economic Policy Research ; DP13381
    Subjects: agglomeration; heterogeneous firms; trade liberalization
    Scope: 12 Seiten, Illustrationen
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    Erscheint auch als Online-Ausgabe

  21. Firms' precautionary savings and employment during a credit crisis
    Published: [2019]
    Publisher:  Federal Reserve Bank of New York, New York, NY

    Can the macroeconomic effects of credit supply shocks be large even when a small share of firms are credit-constrained? I use U.K. firm-level accounting data to discipline a heterogeneous-firm model in which the interaction between real and financial... more

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    Can the macroeconomic effects of credit supply shocks be large even when a small share of firms are credit-constrained? I use U.K. firm-level accounting data to discipline a heterogeneous-firm model in which the interaction between real and financial frictions induces precautionary cash holdings. In the data, firms increased their cash ratios during the last recession, and cash-intensive firms displayed higher employment growth. A tightening of firms' credit conditions generates the same dynamics in the model. Unconstrained firms pre-emptively respond to credit supply shocks, and this precautionary channel crucially matters for the aggregate dynamics and the model fit with microeconomic data.

     

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    hdl: 10419/210756
    Series: Staff report / Federal Reserve Bank of New York ; no. 904 (November 2019)
    Subjects: financial frictions; precautionary savings; employment; heterogeneous firms
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  22. IO for export(s)
    Published: [2019]
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We provide an overview and synthesis of recent work on models of monopolistic competition with heterogeneous firms in international trade, paying particular attention to competition effects, pass-through, selection effects, and linking distributions... more

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    We provide an overview and synthesis of recent work on models of monopolistic competition with heterogeneous firms in international trade, paying particular attention to competition effects, pass-through, selection effects, and linking distributions of firm characteristics and outcomes. A recurring theme is that CES preferences are extremely convenient for deriving analytic results, but also extremely restrictive in their theoretical and empirical implications. We introduce the class of “constant-response demand functions” to describe some related families of demand functions that provide a unifying principle for much recent work that explores alternatives to CES demands.

     

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    hdl: 10419/214968
    Series: Array ; no. 7966 (November 2019)
    Subjects: heterogeneous firms; pass-through; quantifying effects of globalization; super- and sub-convexity; supermodularity
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  23. Manufacturing in a natural resource based economy
    evidence from Canadian plants
    Published: 2019
    Publisher:  Department of Economics, OxCarre (Oxford Centre for the Analysis of Resource Rich Economies), Oxford

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    Series: OxCarre research paper ; 216
    Subjects: natural resources; heterogeneous firms; regional economics
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  24. A unified model of international business cycles and trade
    Published: February 2020
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We present a unified dynamic framework to study the interconnections between international trade and business cycle models. We prove an aggregate equivalence between a competitive, representative firm model that has aggregate production externalities... more

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    We present a unified dynamic framework to study the interconnections between international trade and business cycle models. We prove an aggregate equivalence between a competitive, representative firm model that has aggregate production externalities and dynamic trade models that feature monopolistic competition, endogenous entry, and heterogeneous firms. The production externalities in the representative firm model have to be introduced in the intermediate and final good sectors so that the model is isomorphic to dynamic trade models that embody love-of-variety and selection effects. In a quantitative exercise with multiple shocks, we show that to improve the fit of the dynamic trade models with the data, the most important ingredient is negative capital externality in the intermediate good sector. This presents a puzzle for the literature as standard dynamic trade models provide micro-foundations for positive capital externality.

     

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    Format: Online
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    hdl: 10419/216526
    Series: CESifo working paper ; no. 8130 (2020)
    Subjects: international business cycles; dynamic trade models; heterogeneous firms; production externalities; monopolistic competition; export costs; entry costs
    Scope: 1 Online-Ressource (circa 112 Seiten), Illustrationen
  25. Fast fashion
    theory and evidence from Portuguese textile and clothing firms
    Published: February 2020
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We study how firms respond to import competition by increasing the speed of trade. We use data on all Portuguese textile and clothing exporters' monthly transactions and exploit the exogenous increase in competition following the removal of... more

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    We study how firms respond to import competition by increasing the speed of trade. We use data on all Portuguese textile and clothing exporters' monthly transactions and exploit the exogenous increase in competition following the removal of Multi-Fibre Arrangement (MFA) quotas on Chinese exports. The removal of quotas is associated with an increase in the price and frequency of export transactions and with a reduction in average distance of firms' exports. We rationalize our findings with a heterogeneous-firm model of exporting where firms decide which markets to serve as well as the frequency of transactions and the quality of exported products in each market. In response to low-wage competition, the more productive firms increase exports of high-quality products to nearby markets, while the less productive firms drop out from distant and low-income markets. These changes in export patterns imply that advanced economies become more specialized in "fast-fashion" - exporting higher quality products to closer markets at higher frequency.

     

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    Other identifier:
    hdl: 10419/216521
    Series: CESifo working paper ; no. 8125 (2020)
    Subjects: export frequency; fast fashion; just-in-time trade; low-wage country competition; heterogeneous firms; quality upgrading
    Scope: 1 Online-Ressource (circa 70 Seiten), Illustrationen