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Heterogeneous Firms and Trade
Melitz, Marc J.; Redding, Stephen J. - Centre for Economic Performance, LSE - 2012
This paper reviews the new approach to international trade based on firm heterogeneity in differentiated product markets. This approach explains a variety of features exhibited in disaggregated trade data, including the higher productivity of exporters relative to non-exporters, within-industry...
Persistent link: https://www.econbiz.de/10010599240
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Success and Failure of African Exporters
Cadot, Olivier; Iacovone, Leonardo; Pierola, Denisse; … - Centre for Economic Performance, LSE - 2011
Using a novel dataset with transactions level exports data from four African countries (Malawi, Mali, Senegal and Tanzania), this paper uncovers evidence of a high degree of experimentation at the extensive margin associated with low survival rates, consistent with high and middle income country...
Persistent link: https://www.econbiz.de/10009147414
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Trading Away Wide Brands for Cheap Brands
Dhingra, Swati - Centre for Economic Performance, LSE - 2011
Firms face competing needs to expand product variety and reduce production costs. Trade policy affects firm investments in product variety and production processes differently. Access to larger markets enables innovation to reduce costs. Although firm scale increases, foreign competition reduces...
Persistent link: https://www.econbiz.de/10009368610
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A Many-Country Model of Industrialization
Breinlich, Holger; Cuñat, Alejandro - Centre for Economic Performance, LSE - 2011
We draw attention to the role of economic geography in explaining important cross-sectional facts which are difficult to account for in existing models of industrialization. By construction, closed-economy models that stress the role of local demand in generating sufficient expenditure on...
Persistent link: https://www.econbiz.de/10009323008
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The Empirics of Firm Heterogeneity and International Trade
Bernard, Andrew B.; Jensen, J. Bradford; Redding, Stephen J. - Centre for Economic Performance, LSE - 2011
multi-product firms, offshoring, intra-firm trade and firm export market dynamics. …
Persistent link: https://www.econbiz.de/10009352260
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Heterogeneous Firm-Level Responses to Trade Liberalisation: A Test Using Stock Price Reactions
Breinlich, Holger - Centre for Economic Performance, LSE - 2011
exporting firms relative to non-exporters. Moreover, gains were higher in sectors with larger cuts in U.S. import tariffs …
Persistent link: https://www.econbiz.de/10009359513
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Trade Crisis? What Trade Crisis?
Behrens, Kristian; Corcos, Gregory; Mion, Giordano - Centre for Economic Performance, LSE - 2010
We provide an analysis of the 2008-2009 trade collapse using microdata from a small open economy, Belgium. First, we find that changes in firm-country-product exports and imports occurred mostly at the intensive margin: the number of firms, the average number of destination and origin markets...
Persistent link: https://www.econbiz.de/10008646248
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Trade as an Engine of Creative Destruction: Mexican Experience with Chinese Competition
Iacovone, Leonardo; Rauch, Ferdinand; Winters, L. Alan - Centre for Economic Performance, LSE - 2010
This paper exploits the surge in Chinese exports from 1994 to 2004 as a natural experiment to evaluate the effects of a unilateral low wage trade and competition shock to producers in Mexico. We find that this shock causes selection at both firm and product levels as its impact is highly...
Persistent link: https://www.econbiz.de/10008646249
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The Roles of Import Competition and Export Opportunities for Technical Change
Steinwender, Claudia - Centre for Economic Performance, LSE - 2015
to export markets, other papers stress the importance of import competition. Since imports and exports (and even tariffs … conducts a "horse race" between export opportunities and import competition. Using Spanish firm level data, instrumenting for … exports and imports with tariff changes and controlling for selection, I find robust evidence that access to export markets …
Persistent link: https://www.econbiz.de/10011186299
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Asymmetric Industrial Energy Prices and International Trade
Dechezleprêtre, Antoine; Sato, Misato - Centre for Economic Performance, LSE - 2015
This paper measures the response of bilateral trade flows to differences in industrial energy prices across countries. Using a panel for the period 1996-2011 including 42 countries, 62 sectors and covering 60% of global merchandise trade, we estimate the short-run effects of sector-level energy...
Persistent link: https://www.econbiz.de/10011189070