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international export performance at the firm level. To this end, we use Belgian firm-level data for the period 1999-2010 to analyze … the impact of unit labor costs on exports. We use exports adjusted for their import content. We find a statistically … significant negative effect of unit labor costs on export performance of firms with an estimated elasticity of the intensive …
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impact of exchange rate risk on exports. Based on a flexible utility function that incorporates all possible risk preferences …
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currencies in both Belgium's exports and imports, with substantial variation in currency choice across firms and products even … exports in euros (producer currency pricing) and exhibit nearly complete exchange-rate pass-through into destination currency … US dollars, tend to also denominate their exports in US dollars (dominant currency pricing) and exhibit very low pass …
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