We use panel data on Mexican manufacturing plants to study the connection between plants´responses to changes in the economic environment and their contributions to aggregateproductivity growth in the period following the implementation of the North American TradeAgreement (NAFTA)...

Microfoundations of the euro´s effect on euro area trade hinge on the timing, thespeed and the size of adjustment in trade costs. We estimate timing, speed and sizeof adjustment in trade costs for sectoral trade data. Our approach allows for sectorspecific impacts of trade costs on sectoral...

Our paper deals with econometric developments for the estimation of the gravity model whichlead to convergent parameter estimates even when a correlation exists between theexplanatory variables and the specific unobservable characteristics of each unit. Weimplement panel data econometric...

Dieser Artikel analysiert die auch im Vergleich zu anderen (europäischen) Ländern restriktiveImportpolitik der Schweiz für patentgeschützte Güter (nationale Erschöpfung)aus aussenhandelstheoretischer Sicht.Obwohl dieAussenhandelstheorie auf der Basis derTheorie des Zweitbesten (Theory of...

We consider strategic government policies on the exports of final goods andon the input production when the inputs are non-tradable and produced by the foreignfirms. If the policies consist of only per-unit tax/subsidies either on the final goods oron the inputs, it is optimal for the...

Firms protected by antidumping measures do not unequivocally benefit from them. Antidumpingprotection benefits non-exporters active on the protected market by raising their domestic sales, buthurts exporters of similar products as the protected ones. Export sales of protected firms fall byalmost...

In this paper, we analyse competition among jurisdictions to attract firms through low taxes oncapital and/or high level of public goods, which enhance firms’ productivity. We assume that thecompeting jurisdictions are different in (population) size and that the mobility of capital is...

We analyze the relationship between Antidumping (AD) Protection and the productivity ofEU domestic firms in import-competing industries. For this purpose we identify a panel ofdomestic firms between 1993 and 2003 that at some point during this period are affected byAD initiations. Using a...

This paper provides, and empirically estimates, a model of sovereign default risk on external debt,in which the sovereign endogenously determines the timing of defaulting. The paper o¤ers theoreticalpredictions of the relationship between credit spreads and related macro-variables that are...

This paper provides a framework with which to model one of the key links between universities andindustry – the undertaking of applied research. We assume that the fundamental objective of universities isto undertake fundamental research and that they receive public funding to do so....