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作者：Crozet, Matthieu; Trionfetti, Federico
作者单位：Universite Paris Saclay; Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS)
摘要：We study the consequences of heterogeneity in factor intensity on firm performance. We present a standard Heckscher-Ohlin model augmented with factor intensity differences across firms within a country-industry pair. We show that for any two firms, each of whose capital intensity is, for instance, one percent above (below) its respective country-industry average, the relative marginal cost of the firm in the capital-intensive industry of the capital-abundant country is lower (higher) than that...
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作者：Bacchetta, Philippe; van Wincoop, Eric
作者单位：University of Lausanne; University of Virginia; National Bureau of Economic Research
摘要：Survey evidence shows that the relationship between the exchange rate and macro fundamentals is perceived to be highly unstable. We argue that this unstable relationship naturally develops when structural parameters in the economy are unknown. We show that the reduced form relationship between exchange rates and fundamentals is then driven not by the structural parameters themselves, but rather by expectations of these parameters. These expectations can vary significantly over time as a result...
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作者：Chevassus-Lozza, Emmanuelle; Gaigne, Carl; Le Mener, Leo
作者单位：Institut Agro; Agrocampus Ouest; INRAE; INRAE; Universite de Rennes; Laval University; Universite d'Angers
摘要：We analyze the impact of input tariffs on the export status and export performance of heterogeneous processing firms. Using a theoretical model with downstream firms exhibiting different levels of productivity, we show that lower input tariffs may increase the export sales of high-productivity firms at the expense of low-productivity firms and may decrease the probability of firms entering foreign markets. We compare the predictions of the theoretical model with firm-level data from the French...
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作者：Liu, Runjuan; Rosell, Carlos
作者单位：University of Alberta
摘要：How does firm strategy to produce basic innovation respond to international trade? Given the importance of basic innovation for economic growth and welfare, better understanding of this question is essential. In this vein we combine patent, firm, product, and trade data to show that when confronted with higher import penetration, the nature of firm innovation becomes less basic. We propose that underlying this result is the interplay between multi-product firms that narrow their product scope ...
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作者：Lu, Yi; Tao, Zhigang; Zhang, Yan
作者单位：National University of Singapore; University of Hong Kong; Shanghai University of Finance & Economics
摘要：Using monthly transaction data covering all Chinese exporters over the 2000-2006 period, we investigate how Chinese exporters respond to U.S. antidumping investigations. We find that antidumping investigations cause a substantial decrease in the total export volume at the HS-6 digit product level, and that this trade-dampening effect is due to a significant decrease in the number of exporters, yet a modest decrease in the export volume per surviving exporter. We also find that the bulk of the ...
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作者：Carluccio, Juan; Fally, Thibault
作者单位：European Central Bank; Bank of France; Paris School of Economics; University of Colorado System; University of Colorado Boulder
摘要：Does foreign entry improve host country productivity and welfare? Previous studies have looked at the role of backward linkages with domestic suppliers and their effects on domestic competitors. In this paper, we study how these externalities are affected by technological incompatibilities between foreign and domestic technologies. When foreign technologies require specialized inputs, some local suppliers self-select into production for multinational firms. A decrease in the cost of inputs com...
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作者：Finicelli, Andrea; Pagano, Patrizio; Sbracia, Massimo
作者单位：European Central Bank; Bank of Italy
摘要：We analyze the foundations of the relationship between trade and average productivity in the Ricardian model. Under broad assumptions about the autarky distributions of industry productivities, trade openness raises average productivity. This is due to the selection effect of international competition - driven by comparative advantage - which makes some high- and many low-productivity industries exit the market We derive a model-based measure of this effect that requires only production and tr...
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作者：Branstetter, Lee
作者单位：Carnegie Mellon University
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作者：Chari, Anusha
作者单位：University of North Carolina; University of North Carolina Chapel Hill
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作者：Dao, Mai Chi
作者单位：International Monetary Fund
摘要：This paper studies the international spillover effects of country-specific labor cost changes in the presence of labor market frictions. A two-country model with search frictions predicts that a cut in foreign labor costs leads to an increase in domestic employment, driven by a positive terms of trade effect on job creation. I find empirical evidence in support of this positive spillover effect, the terms of trade channel, and the dependence on the degree of labor market rigidity. This is done...
