Showing 1 - 4 of 4
To play the role of a unit of account, an international currency must be a currency widely used to invoice international trade. This paper investigates the determinants of the use of currency in trade invoicing and evaluates the potential of the renminbi for the denomination of cross-border...
Persistent link: https://www.econbiz.de/10013055691
Innovation plays a key role in economic growth. In this paper, we investigate the effects of intermediate input tariff reduction on the innovation activities of domestic firms. Input tariff reduction has two opposite effects on the innovation decision of a firm: it may promote innovation because...
Persistent link: https://www.econbiz.de/10012962632
The gravity model can explain the bilateral inter-country payment flows by currency very well. The economic sizes of the origin and destination countries significantly and positively affect bilateral payment flow denominated in any given currency, while distance and other factors that increase...
Persistent link: https://www.econbiz.de/10012833333
This paper provides a theoretical and empirical analysis of the effects of one-sided tariff cuts on firms' export product scope. The theoretical model explicitly incorporates cost of management in addition to the commonly used production cost. Firms are heterogeneous in terms of managerial...
Persistent link: https://www.econbiz.de/10013059988