Showing 1 - 10 of 162
In this paper, we provide evidence that expanding firms tend to serve new markets which are geographically close and culturally related to their prior export destinations. We quantify the impact of this spatial pattern using a Chinese firm-level data set. To ensure an exogenous set of potential...
Persistent link: https://www.econbiz.de/10013315943
This paper develops an open economy model with heterogeneous final goods producers who simultaneously choose whether to export their goods and whether to use imported intermediates. The model highlights mechanisms whereby import policies affect aggregate productivity, resource allocation, and...
Persistent link: https://www.econbiz.de/10012772491
The fragmentation of production across borders allows firms to make and export final goods, or to perform only intermediate stages of production by processing imported inputs for re-exporting. We examine how financial frictions affect companies' choice between processing and ordinary trade –...
Persistent link: https://www.econbiz.de/10012994784
We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product quality. Combining six micro-datasets on management practices, production and trade in Chinese and American firms, we find broad support for the model's predictions. First, better...
Persistent link: https://www.econbiz.de/10012898431
overvalues a product attribute - quality or price - that stands out in a particular choice situation. In a highly competitive low-price … environment like on an online platform, consumers focus more on price rather than quality. Especially if the market power of local … (physical) retailers is low, price tends to be salient also in the local store, which is unfavorable for the high …
Persistent link: https://www.econbiz.de/10012947991
Germany's export market share increased since 2000, while most industrial countries experienced declines. This study explores four explanations and evaluates their empirical contributions: (i) improved cost competitiveness, (ii) ties to fast growing trading partners, (iii) increased demand for...
Persistent link: https://www.econbiz.de/10013317155
This paper explores the role of pooled-producer, e.g. private label, trade intermediation in shaping the range and diversity of exports. Direct sales maintain a firm's unique product characteristics (‘brand equity'), whereas trade through an intermediary can take two forms - either a...
Persistent link: https://www.econbiz.de/10013085757
Better managers and managerial practices lead to better firm performance. Yet, little is known about what happens when managers move across firms. Does a firm hiring a good manager improve its performance? If yes is there some valuable knowledge the manager has acquired and successfully diffused...
Persistent link: https://www.econbiz.de/10012964189
choice of lower-quality products dominates the price distortion effect resulting from credit constraints. However, a …
Persistent link: https://www.econbiz.de/10013315727
growth show different trends. The contributions of the extensive margin and price changes are decreasing, but quantity shows …-2010, with a strategy of lowering price and promoting sales in 2009 when facing a slump in export markets; resuming price …
Persistent link: https://www.econbiz.de/10013315776