Special Issue: Exports, Imports, and Productivity at the Firm Level

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Publisher :
ISBN 13 :
Total Pages : 211 pages
Book Rating : 4.:/5 (551 download)

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Book Synopsis Special Issue: Exports, Imports, and Productivity at the Firm Level by : Joachim Wagner

Download or read book Special Issue: Exports, Imports, and Productivity at the Firm Level written by Joachim Wagner and published by . This book was released on 2008 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exports, Imports, and Productivity at the Firm Level

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Publisher :
ISBN 13 :
Total Pages : 211 pages
Book Rating : 4.:/5 (951 download)

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Book Synopsis Exports, Imports, and Productivity at the Firm Level by :

Download or read book Exports, Imports, and Productivity at the Firm Level written by and published by . This book was released on 2008 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exports, Imports, and Productivity at the Firm Level

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Author :
Publisher :
ISBN 13 :
Total Pages : 210 pages
Book Rating : 4.:/5 (634 download)

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Book Synopsis Exports, Imports, and Productivity at the Firm Level by :

Download or read book Exports, Imports, and Productivity at the Firm Level written by and published by . This book was released on 2008 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Does Import Competition Induce R&D Reallocation? Evidence from the U.S.

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Publisher : International Monetary Fund
ISBN 13 : 1484326008
Total Pages : 44 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Does Import Competition Induce R&D Reallocation? Evidence from the U.S. by : Rui Xu

Download or read book Does Import Competition Induce R&D Reallocation? Evidence from the U.S. written by Rui Xu and published by International Monetary Fund. This book was released on 2017-11-16 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the impact of rising import competition from China on U.S. innovative activities. Using Compustat data, we find that import competition induces R&D expenditures to be reallocated towards more productive and more profitable firms within each industry. Such reallocation effect has the potential to offset the average drop in firm-level R&D identified in the previous literature. Indeed, our quantitative analysis shows no adverse impact of import competition on aggregate R&D expenditures. Taking the analysis beyond manufacturing, we find that import competition has led to reallocation of researchers towards booming service industries, including business and repairs, personal services, and financial services.

Firm Innovation and Productivity in Latin America and the Caribbean

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Publisher : Springer
ISBN 13 : 1349581518
Total Pages : 366 pages
Book Rating : 4.3/5 (495 download)

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Book Synopsis Firm Innovation and Productivity in Latin America and the Caribbean by : Inter-American Development Bank

Download or read book Firm Innovation and Productivity in Latin America and the Caribbean written by Inter-American Development Bank and published by Springer. This book was released on 2016-07-01 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume uses the study of firm dynamics to investigate the factors preventing faster productivity growth in Latin America and the Caribbean, pushing past the limits of traditional macroeconomic analyses. Each chapter is dedicated to an examination of a different factor affecting firm productivity - innovation, ICT usage, on-the-job-training, firm age, access to credit, and international linkages - highlighting the differences in firm characteristics, behaviors, and strategies. By showcasing this remarkable heterogeneity, this collection challenges regional policymakers to look beyond one-size-fits-all solutions and create balanced policy mixes tailored to distinct firm needs. This book is open access under a CC BY-NC-ND 3.0 IGO license.

Exporting Through Intermediaries: Impact on Export Dynamics and Welfare

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Publisher : International Monetary Fund
ISBN 13 : 1513519875
Total Pages : 58 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Exporting Through Intermediaries: Impact on Export Dynamics and Welfare by : Parisa Kamali

Download or read book Exporting Through Intermediaries: Impact on Export Dynamics and Welfare written by Parisa Kamali and published by International Monetary Fund. This book was released on 2019-12-27 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: In many countries, a sizable share of international trade is carried out by intermediaries. While large firms tend to export to foreign markets directly, smaller firms typically export via intermediaries (indirect exporting). I document a set of facts that characterize the dynamic nature of indirect exporting using firm-level data from Vietnam and develop a dynamic trade model with both direct and indirect exporting modes and customer accumulation. The model is calibrated to match the dynamic moments of the data. The calibration yields fixed costs of indirect exporting that are less than a third of those of direct exporting, the variable costs of indirect exporting are twice higher, and demand for the indirectly exported products grows more slowly. Decomposing the gains from indirect and direct exporting, I find that 18 percent of the gains from trade in Vietnam are generated by indirect exporters. Finally, I demonstrate that a dynamic model that excludes the indirect exporting channel will overstate the welfare gains associated with trade liberalization by a factor of two.

From Firm-Level Imports to Aggregate Productivity

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Publisher : International Monetary Fund
ISBN 13 : 1475533098
Total Pages : 32 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis From Firm-Level Imports to Aggregate Productivity by : Mr.JaeBin Ahn

Download or read book From Firm-Level Imports to Aggregate Productivity written by Mr.JaeBin Ahn and published by International Monetary Fund. This book was released on 2016-09-06 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using the Korean manufacturing firm-level data, this paper confirms that three stylized facts on importing hold in Korea: the ratio of imported inputs in total inputs tends to be procyclical; the use of imported inputs increases productivity; and larger firms are more likely to use imported inputs. As a result, we find that firm-level import decisions explain a non-trivial fraction of aggregate productivity fluctuations in Korea over the period between 2006 and 2012. Main findings of this paper suggest a possible link between the recent global productivity slowdown and the global trade slowdown.

Firm-Level Innovation In Africa

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Publisher : Routledge
ISBN 13 : 0429892497
Total Pages : 144 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Firm-Level Innovation In Africa by : Abiodun Egbetokun

Download or read book Firm-Level Innovation In Africa written by Abiodun Egbetokun and published by Routledge. This book was released on 2020-04-29 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The literature on innovation in Africa is rapidly expanding, and a recurring thread in the emergent literature is the pervasiveness of systemic weaknesses that inhibit the innovation process. Despite these, firms are able to innovate in Africa. It is then logical to ask: how do African firms manage to overcome the prevalent constraints and learn to innovate? This book directly tackles this question, with a view to improving our understanding of the innovation landscape in Africa. The book brings together some of the latest innovation research from across the African continent, ranging from Tanzania and Ethiopia in the east to Nigeria in the west. The chapters included in the collection adopt different but complementary theoretical and methodological approaches to address a rich mix of interrelated issues. These issues include the factors that enhance or inhibit innovation in African firms, the sources of (knowledge/information for) innovation, policy options for overcoming constraints and facilitating firm-level innovation, the nature and roles of brokers and intermediaries in dealing with innovation constraints and in facilitating the innovation process and the role of interactive learning and acquisition of embodied technology in the innovation process. This book was originally published as a special issue of Innovation and Development.

Global Value Chains and Productivity: Micro Evidence from Estonia

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Publisher : International Monetary Fund
ISBN 13 : 1513542303
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Global Value Chains and Productivity: Micro Evidence from Estonia by : Hang T. Banh

Download or read book Global Value Chains and Productivity: Micro Evidence from Estonia written by Hang T. Banh and published by International Monetary Fund. This book was released on 2020-07-03 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic has led to an unprecedented collapse in global economic activity and trade. The crisis has also highlighted the role played by global value chains (GVC), with countries facing shortages of components vital to everything from health systems to everyday household goods. Despite the vulnerabilities associated with increased interconnectedness, GVCs have also contributed to increasing productivity and long-term growth. We explore empirically the impact of GVC participation on productivity in Estonia using firm-level data from 2000 to 2016. We find that higher GVC participation at the industry level significantly boosts productivity at both the industry and the firm level. Frontier firms, large firms, and exporting firms also benefit more from GVC participation than non-frontier firms, small firms, and non-exporting firms. We also find that GVC participation of downstream industries has a negative correlation with productivity. Frontier firms and large firms benefit more from GVC participation of upstream industries, while non-frontier firms and small firms benefit more from GVC participation of downstream industries. Our results suggest that policies designed to promote participation in GVCs are important to raise aggregate productivity and potential growth in Estonia.

Thinking about Growth

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Publisher : Cambridge University Press
ISBN 13 : 0521333962
Total Pages : 398 pages
Book Rating : 4.5/5 (213 download)

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Book Synopsis Thinking about Growth by : Moses Abramovitz

Download or read book Thinking about Growth written by Moses Abramovitz and published by Cambridge University Press. This book was released on 1989-04-28 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of how economists now view the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changed nature of industries and occupations. Professor Abramovitz asks why elevated incomes failed to bring the social progress and personal satisfaction that people had looked for. The final chapters in the book take up the causes of our discontent and consider whether the Welfare State has itself become an obstacle to further economic progress.The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of how economists now view the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changed nature of industries and occupations. Professor Abramovitz asks why elevated incomes failed to bring the social progress and personal satisfaction that people had looked for. The final chapters in the book take up the causes of our discontent and consider whether the Welfare State has itself become an obstacle to further economic progress.

IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa

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Publisher : International Monetary Fund
ISBN 13 : 9781589064478
Total Pages : 196 pages
Book Rating : 4.0/5 (644 download)

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Book Synopsis IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2005-08-30 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on expectations for the American economy focused on the likelihood of secular stagnation, which continued to be debated throughout the post-war period. Concerns rose during the late 1960s and early 1970s about rapid population growth smothering the potential for economic growth in developing countries were contradicted when, during the mid- and late-1970s, fertility rates began to decline rapidly. In policy-oriented institutions (and in most businesses and individual decision making), policymaking decisions are often guided by projections and forward-looking indicators. The case of Michael Mussa has been one of great anticipation, and of great accomplishment, and all the early optimistic forecasts about him have turned out to be correct. Within the sphere of economics, undoubtedly the most famous and widely used forecast—one, incidentally, that thus far has often been incorrect—is that based on the Malthusian doctrine of the relationship between resources and population.

Comparative Advantage and Heterogeneous Firms

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Comparative Advantage and Heterogeneous Firms by : Andrew B. Bernard

Download or read book Comparative Advantage and Heterogeneous Firms written by Andrew B. Bernard and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how country, industry and firm characteristics interact in general equilibrium to determine nations' responses to trade liberalization. When firms possess heterogeneous productivity, countries differ in relative factor abundance and industries vary in factor intensity, falling trade costs induce reallocations of resources both within and across industries and countries. These reallocations generate substantial job turnover in all sectors, spur relatively more creative destruction in comparative advantage industries than comparative disadvantage industries, and magnify ex ante comparative advantage to create additional welfare gains from trade. The relative ascendance of high-productivity firms within industries boosts aggregate productivity and drives down consumer prices. In contrast with the neoclassical model, these price declines dampen and can even reverse the real wage losses of scarce factors as countries liberalize.

China's Growing Role in World Trade

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Publisher : University of Chicago Press
ISBN 13 : 0226239721
Total Pages : 603 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis China's Growing Role in World Trade by : Robert C. Feenstra

Download or read book China's Growing Role in World Trade written by Robert C. Feenstra and published by University of Chicago Press. This book was released on 2010-03-10 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: In less than three decades, China has grown from playing a negligible role in international trade to being one of the world's largest exporters, a substantial importer of raw materials, intermediate outputs, and other goods, and both a recipient and source of foreign investment. Not surprisingly, China's economic dynamism has generated considerable attention and concern in the United States and beyond. While some analysts have warned of the potential pitfalls of China's rise—the loss of jobs, for example—others have highlighted the benefits of new market and investment opportunities for US firms. Bringing together an expert group of contributors, China's Growing Role in World Trade undertakes an empirical investigation of the effects of China's new status. The essays collected here provide detailed analyses of the microstructure of trade, the macroeconomic implications, sector-level issues, and foreign direct investment. This volume's careful examination of micro data in light of established economic theories clarifies a number of misconceptions, disproves some conventional wisdom, and documents data patterns that enhance our understanding of China's trade and what it may mean to the rest of the world.

The Intensive Margin in Trade

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Publisher : International Monetary Fund
ISBN 13 : 1484386175
Total Pages : 66 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Intensive Margin in Trade by : Ana Fernandes

Download or read book The Intensive Margin in Trade written by Ana Fernandes and published by International Monetary Fund. This book was released on 2018-12-07 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Melitz model highlights the importance of the extensive margin (the number of firms exporting) for trade flows. Using the World Bank’s Exporter Dynamics Database (EDD) featuring firm-level exports from 50 countries, we find that around 50 percent of variation in exports is along the extensive margin—a quantitative victory for the Melitz framework. The remaining 50 percent on the intensive margin (exports per exporting firm) contradicts a special case of Melitz with Pareto-distributed firm productivity, which has become a tractable benchmark. This benchmark model predicts that, conditional on the fixed costs of exporting, all variation in exports across trading partners should occur on the extensive margin. We find that moving from a Pareto to a lognormal distribution allows the Melitz model to match the role of the intensive margin in the EDD. We use likelihood methods and the EDD to estimate a generalized Melitz model with a joint lognormal distribution for firm-level productivity, fixed costs and demand shifters, and use “exact hat algebra” to quantify the effects of a decline in trade costs on trade flows and welfare in the estimated model. The welfare effects turn out to be quite close to those in the standard Melitz-Pareto model when we choose the Pareto shape parameter to fit the average trade elasticity implied by our estimated Melitz-lognormal model, although there are significant differences regarding the effects on trade flows.

Trade Policy and Market Structure

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Publisher : MIT Press
ISBN 13 : 9780262580984
Total Pages : 212 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Trade Policy and Market Structure by : Elhanan Helpman

Download or read book Trade Policy and Market Structure written by Elhanan Helpman and published by MIT Press. This book was released on 1989-03-30 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This sequel to Market Structure and Foreign Trade examines the new international trade's applied side. It provides a compact guide to models of the effects of trade policy in imperfectly competitive markets, as well as an up-to-date survey of existing knowledge, which is extended by the authors' useful interpretations of the results.

Changing Patterns of Global Trade

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Publisher : International Monetary Fund
ISBN 13 : 1463973101
Total Pages : 87 pages
Book Rating : 4.4/5 (639 download)

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Book Synopsis Changing Patterns of Global Trade by : Nagwa Riad

Download or read book Changing Patterns of Global Trade written by Nagwa Riad and published by International Monetary Fund. This book was released on 2012-01-15 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.

The New Introduction to Geographical Economics

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Publisher : Cambridge University Press
ISBN 13 : 0521875323
Total Pages : 597 pages
Book Rating : 4.5/5 (218 download)

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Book Synopsis The New Introduction to Geographical Economics by : Steven Brakman

Download or read book The New Introduction to Geographical Economics written by Steven Brakman and published by Cambridge University Press. This book was released on 2009-04-09 with total page 597 pages. Available in PDF, EPUB and Kindle. Book excerpt: This revised and updated introduction to geographical economics explains the who, why and where of the location of economic activity.