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How does factor accumulation affect the pattern of international specialization and returns to capital? We provide a new integrated treatment to this question using a panel of 44 developing and developed countries over the period 1976-2000. We confirm the Heckscher-Ohlin prediction that, with...
Persistent link: https://www.econbiz.de/10013148352
This study examines the effect of NAFTA, an instance of North-South trade liberalization, on returns to skill in Mexico. Mexico is abundant in low-skill workers relative to the US and Canada, and so, by the Hecksher-Ohlin-Samuelson trade model, NAFTA ought to have raised the relative earnings of...
Persistent link: https://www.econbiz.de/10013324881
In a two-sector, general-equilibrium model with labor-market search frictions, we find that wage increases and sectoral unemployment decreases upon offshoring in the presence of perfect intersectoral labor mobility. If, as a result, labor moves to the sector with the lower (or equal) vacancy...
Persistent link: https://www.econbiz.de/10013160305
Informal long-term relationships and mutual confidence play a crucial role in modern economies in at least two dimensions. First, the performance of firms is strongly affected by their capacity to solve organizational questions effectively and this capacity is apparently strongly related to...
Persistent link: https://www.econbiz.de/10013134812
and productivity hold in the years before the export start, which indicates self-selection into exporting of more …
Persistent link: https://www.econbiz.de/10013138673
productive than firms that only sell on the national market. This positive exporter productivity premium shows up in a large … firm fixed effects. These studies test for a difference in productivity between exporters and non-exporters at the … conditional mean of the productivity distribution. However, if firms are heterogeneous, it is possible that the size of the …
Persistent link: https://www.econbiz.de/10013139057
estimates of the productivity premium of German firms exporting to the Euro-zone and beyond, controlling for unobserved time … observations, or outliers. The paper shows that estimates of the exporter productivity premium by destination are driven by a small … share of outliers. Using a "clean" sample without outliers the estimated productivity premium of firms that export to the …
Persistent link: https://www.econbiz.de/10013141754
In empirical studies it often happens that some variables for some units are far away from the other observations in the sample. These extreme observations, or outliers, often have a large impact on the results of statistical analyses – conclusions based on a sample with and without these...
Persistent link: https://www.econbiz.de/10013143679
evidence on the link of productivity and both exports and foreign direct investment (fdi) in services firms from a highly … taking differences along the conditional productivity distribution and firms with extreme values, or outliers, into account …) indicate that the productivity pecking order found in numerous studies using data for firms from manufacturing industries …
Persistent link: https://www.econbiz.de/10013119546
document the first empirical results on the relationship between imports and productivity for Germany, a leading actor on the … systematically by testing for self-selection of more productive firms into importing, and for productivity-enhancing effects of … imports ('learning-by-importing'). We find a positive link between importing and productivity. From an empirical model with …
Persistent link: https://www.econbiz.de/10013324761