This paper assesses the effect of financing conditions on exports of goods in Greece during the last decade. Controlling for reverse causality which is feasible with the Johansen multivariate cointegration technique (1988) we have adopted, we estimate a reduced form of exports showing the...

This study examines whether the relationship between exports and productivity growth differs across firm size. Using panel data from three Sub-Saharan African countries, I use propensity score matching procedure to examine this relationship. This study finds evidence of productivity differences...

This study evaluates the effect of international cartels on the volume of bilateral trade by relying on the gravity model of trade and the Poisson Pseudo Maximum Likelihood (PPML) estimator. Using a rich cartel data set that contains information on 170 discovered and prosecuted international...

We analyze exchange rate pass-through into import prices for a large group of 33 emerging and developed economies from 1980Q1 to 2010Q4. Our error correction models permit asymmetric pass-through for currency appreciations and depreciations over three horizons of interest: on impact, in the...

This study examines the Turkish crude oil import demand for the period of 1970-2013. Unlike earlier studies on Turkey, we tested the income and price elasticities of crude oil demand with structural breaks. In empirical analysis, the income and the price of crude oil used as a function of crude...

We present a heterogeneous-firm model in which management ability increases both production 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...

Terms of Trade is inextricably linked to the export performance of countries like Bangladesh that have heavily banked on their respective export sector to dictate the overall development drives. Against this backdrop, this paper empirically sheds light on the nexus between terms of trade...

This paper proposes new estimation techniques for gravity models with zero trade values and heteroscedasticity. We propose various Heckman estimators with different distributions of the residuals, nonlinear forms of both selection and measure equations, and various process of the variance. We...

Ricardian trade theory predicts that countries should produce and export according to their comparative advantage, exporting relatively more in industries in which they can produce at a lower relative cost. Although this is one of the fundamental theories of international trade, it has received...

This paper studies the effect of bundling products and services on the export performance of firms. Using a unique sample, we document several facts about German small and medium enterprises (SMEs). First, bundling is a relatively rare activity, which is unevenly spread across sectors. Second,...