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Displaying results 1 to 3 of 3.

  1. Trade liberalization and credit constraints
    why opening up may fail to promote convergence
    Author: Peters, Katrin; Schnitzer, Monika
    Published: 2012
    Publisher:  Sonderforschungsbereich/Transregio 15, Mannheim [u.a.]

    Recent evidence suggests that despite opening up a country for trade, the productivity gap between developed and emerging economies often does not close. This paper examines credit constraints as one channel held responsible for hampering... more

    Location:
    Staats- und Universitätsbibliothek Bremen
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 445 (380)
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    Recent evidence suggests that despite opening up a country for trade, the productivity gap between developed and emerging economies often does not close. This paper examines credit constraints as one channel held responsible for hampering convergence. Specifically, we extend a Melitz and Ottaviano (2008) type trade model with variable mark-ups to allow for endogenous technology adoption. We consider a framework with two countries that potentially differ with respect to credit market development. Firms have the option to adopt a more efficient technology by paying some fixed cost. A fraction of the fixed technology adoption cost has to be financed externally: in a less developed credit market, the costs of external finance and thus the total costs of technology adoption are higher. A reduction in trade costs raises demand abroad (pro technology-adoption effect) but reduces demand at home because of import competition (anti technology-adoption effect). We find that trade liberalization increases economic performance, that is average productivity and technology adoption, in both countries but that the productivity gap widens. Simulations show that the welfare gap widens too. Opening up without sufficient access to external funding thus fails to promote convergence.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/93809
    Series: Discussion paper / Governance and the Efficiency of Economic Systems ; 380
    Subjects: Handelsliberalisierung; Internationale Wirtschaftsbeziehungen; Produktivität; Wirtschaftliche Konvergenz; Liquiditätsbeschränkung; Technologietransfer; Theorie; Trade liberalization; Technology adoption; Financial constraints; Convergence; Productivity gap
    Scope: Online-Ressource ([1], 35 S., 314,95 KB), graph. Darst.
  2. Regionalism and falling external protection in high and low tariff members
    Author: Crivelli, Pramila
    Published: 2012
    Publisher:  Univ., SES, Dep. of Economics, Genève

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Fauculté des Sciences Economiques et Sociales, Département de Sciences Economiques, Université de Genève ; 12071
    Subjects: Regionalism; Preferential trade agreements; Trade diversion; External tariffs; Trade liberalization
    Scope: Online-Ressource (PDF-Datei: 12 S.)
  3. The connection between imported intermediate inputs and exports
    evidence from Chinese firms
    Author: Feng, Ling; Li, Zhiyuan; Swenson, Deborah
    Published: 2012
    Publisher:  IAW, Tübingen

    We use data on Chinese manufacturing firms to study the connection between individual firm imports and firm export outcomes. Since our panel covers the years 2002 to 2006, we can use changes in import tariffs associated with China’s WTO entry as... more

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    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 30 (86)
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    We use data on Chinese manufacturing firms to study the connection between individual firm imports and firm export outcomes. Since our panel covers the years 2002 to 2006, we can use changes in import tariffs associated with China’s WTO entry as instruments. Our regression results show that firms that expanded their intermediate input imports expanded the volume of their exports and increased their export scope, though the magnitude of the effects differed by import source, firm organizational form, and industry R&D intensity. On these dimensions, we find that imported intermediate inputs from OECD rather than non-OECD countries generated larger firm export improvements, that private Chinese firms derived larger benefits from imported inputs than did foreign invested firms, and that imported intermediates were especially helpful in expanding the exports of firms operating in high R&D intensity industries. Taken together, these results suggest that product upgrading facilitated by technology or quality embedded in imported inputs helped Chinese firms to increase the scale and breadth of their participation in export markets.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/75421
    Series: IAW-Diskussionspapiere ; 86
    Subjects: Trade liberalization; imported intermediate inputs; firm export; technology
    Scope: Online-Ressource