Incomplete Markets Intra Industry Firm Heterogeneity And Investment PDF Download
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Author | : Wesley M. Cohen |
Publisher | : |
Total Pages | : 26 |
Release | : 1990 |
Genre | : |
ISBN | : |
Download Incomplete markets, intra-industry firm heterogeneity and investment Book in PDF, ePub and Kindle
Author | : Andrew B. Bernard |
Publisher | : |
Total Pages | : 0 |
Release | : 2006 |
Genre | : |
ISBN | : |
Download Comparative Advantage and Heterogeneous Firms Book in PDF, ePub and Kindle
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.
Author | : |
Publisher | : |
Total Pages | : 912 |
Release | : 1990 |
Genre | : Economics |
ISBN | : |
Download Journal of Economic Behavior & Organization Book in PDF, ePub and Kindle
Author | : Andrea Ciani |
Publisher | : World Bank Publications |
Total Pages | : 178 |
Release | : 2020-10-08 |
Genre | : Business & Economics |
ISBN | : 1464815585 |
Download Making It Big Book in PDF, ePub and Kindle
Economic and social progress requires a diverse ecosystem of firms that play complementary roles. Making It Big: Why Developing Countries Need More Large Firms constitutes one of the most up-to-date assessments of how large firms are created in low- and middle-income countries and their role in development. It argues that large firms advance a range of development objectives in ways that other firms do not: large firms are more likely to innovate, export, and offer training and are more likely to adopt international standards of quality, among other contributions. Their particularities are closely associated with productivity advantages and translate into improved outcomes not only for their owners but also for their workers and for smaller enterprises in their value chains. The challenge for economic development, however, is that production does not reach economic scale in low- and middle-income countries. Why are large firms scarcer in developing countries? Drawing on a rare set of data from public and private sources, as well as proprietary data from the International Finance Corporation and case studies, this book shows that large firms are often born large—or with the attributes of largeness. In other words, what is distinct about them is often in place from day one of their operations. To fill the “missing top†? of the firm-size distribution with additional large firms, governments should support the creation of such firms by opening markets to greater competition. In low-income countries, this objective can be achieved through simple policy reorientation, such as breaking oligopolies, removing unnecessary restrictions to international trade and investment, and establishing strong rules to prevent the abuse of market power. Governments should also strive to ensure that private actors have the skills, technology, intelligence, infrastructure, and finance they need to create large ventures. Additionally, they should actively work to spread the benefits from production at scale across the largest possible number of market participants. This book seeks to bring frontier thinking and evidence on the role and origins of large firms to a wide range of readers, including academics, development practitioners and policy makers.
Author | : Thomas Philippon |
Publisher | : Belknap Press |
Total Pages | : 361 |
Release | : 2019 |
Genre | : Business & Economics |
ISBN | : 0674237544 |
Download The Great Reversal Book in PDF, ePub and Kindle
American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient markets, leading to higher prices and lower wages.
Author | : Susmita Dasgupta |
Publisher | : World Bank Publications |
Total Pages | : 58 |
Release | : 1997 |
Genre | : Air |
ISBN | : |
Download Surviving Success Book in PDF, ePub and Kindle
Author | : Inter-American Development Bank |
Publisher | : Springer |
Total Pages | : 366 |
Release | : 2016-07-01 |
Genre | : Business & Economics |
ISBN | : 1349581518 |
Download Firm Innovation and Productivity in Latin America and the Caribbean Book in PDF, ePub and Kindle
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.
Author | : Rui Xu |
Publisher | : International Monetary Fund |
Total Pages | : 44 |
Release | : 2017-11-16 |
Genre | : Business & Economics |
ISBN | : 1484326008 |
Download Does Import Competition Induce R&D Reallocation? Evidence from the U.S. Book in PDF, ePub and Kindle
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.
Author | : Nagwa Riad |
Publisher | : International Monetary Fund |
Total Pages | : 87 |
Release | : 2012-01-15 |
Genre | : Business & Economics |
ISBN | : 1463973101 |
Download Changing Patterns of Global Trade Book in PDF, ePub and Kindle
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.
Author | : Angela A. Hung |
Publisher | : Rand Corporation |
Total Pages | : 151 |
Release | : 2008-03-12 |
Genre | : Law |
ISBN | : 0833045016 |
Download Investor and Industry Perspectives on Investment Advisers and Broker-Dealers Book in PDF, ePub and Kindle
In theory, financial professionals are relatively distinct: A broker-dealer conducts transactions in securities on behalf of itself and others; and an investment adviser provides advice to others regarding securities. Different laws regulate each type of professional, but boundaries have blurred. This report examines current business practices and investor understanding of each type.