@article{MTMT:34245531, title = {Indian buyers in global markets: Quality, prices and productivity}, url = {https://m2.mtmt.hu/api/publication/34245531}, author = {Anderson, Michael A. and Signoret, Jose E. and Davies, Martin H. and Smith, Stephen L. S.}, doi = {10.1111/twec.13428}, journal-iso = {WORLD ECON}, journal = {WORLD ECONOMY}, volume = {47}, unique-id = {34245531}, issn = {0378-5920}, abstract = {This paper adds to the new literature on firms' direct sourcing of imported intermediate inputs. We address key gaps in the literature by examining the influence of source country characteristics on import prices, the import behaviour of Indian firms and empirical strategies to address source country selection bias, while using disaggregated import data at the firm, product and source country level. We offer a theoretical contribution which suggests that source characteristics affect firms' willingness to pay for imported inputs, particularly high-quality differentiated inputs. Our unique and detailed data set of Indian manufacturers' imported inputs allows us to control for all firm and product characteristics to eliminate missing-variable bias with fixed effects, and to correct for possible selection bias in firms' source country choices. Results indicate that source country characteristics matter. Import prices rise for products sourced from high-income per capita countries, rise with distance and fall with GDP and remoteness (the latter a new finding suggested by our theory). High productivity firms that also export appear particularly willing to pay high prices for high-quality inputs from specific source countries. Our results suggest that, apart from other consequences, restrictions on imported inputs harm firms' ability to upgrade product quality.}, keywords = {Import prices; Heterogeneous firms; input quality}, year = {2024}, eissn = {1467-9701}, pages = {567-589}, orcid-numbers = {Smith, Stephen L. S./0000-0002-2212-881X} } @article{MTMT:34245529, title = {Internal adjustment and digital transformation of intermediate inputs: Economic performance and environmental effects}, url = {https://m2.mtmt.hu/api/publication/34245529}, author = {He, Yaxing and Shen, Yanan and Xie, Chi}, doi = {10.1016/j.jclepro.2023.138155}, journal-iso = {J CLEAN PROD}, journal = {JOURNAL OF CLEANER PRODUCTION}, volume = {419}, unique-id = {34245529}, issn = {0959-6526}, abstract = {With the increasing importance of supply chain security and the vigorous development of the digital economy, the trend of internal adjustment and digital transformation of intermediate input has become more obvious. Therefore, the impact this dual structural adjustment of intermediate input will have on the economy and environment is an interesting and practical topic. Therefore, this article proposes a new decomposition framework for intermediate input and total output, and constructs a production model that considers intermediate inputs and digital transformation. Based on the WIOT, socioeconomic accounts, and environmental accounts of the WIOD from 2000 to 2014, the panel regression model is used to analyze the economic benefits and environmental impacts brought by the internal adjustment of intermediate inputs and digital transformation.The results show that the internal adjustment of intermediate inputs and digital transformation can promote the improvement of total output by influencing multiple aspects of the economy and environment. The internal adjustment of nondigital intermediate inputs promotes the expansion of export scale and reduces the carbon intensity of added value. The digital transformation of intermediate input and internal adjustment of intermediate input strengthen the direct technical connection between domestic and foreign markets and increase the value-added share of the domestic market. However, the adjustment of intermediate input structure may also bring negative economic environmental effects. This article enriches the research on the adjustment of intermediate input structure from the dual perspectives of internalization and digitization, taking into account economic performance and environmental effects. Based on the research results, we put forward some ideas to promote high-quality development from the perspective of adjusting the structure of intermediate investment, such as countries (or regions) should actively promote the development and implementation of digital technology.}, keywords = {digital transformation; Intermediate inputs; Carbon intensity; internal adjustment}, year = {2023}, eissn = {1879-1786} } @article{MTMT:34245530, title = {Pricing in firm-to-firm trade: evidence from a Danish multinational}, url = {https://m2.mtmt.hu/api/publication/34245530}, author = {Macedoni, Luca and Mattana, Elena}, doi = {10.1007/s10290-023-00506-4}, journal-iso = {REV WORLD ECON}, journal = {REVIEW OF WORLD ECONOMICS}, unique-id = {34245530}, issn = {1610-2878}, abstract = {We study pricing decisions in firm-to-firm trade. Using novel detailed transaction-level data from a Danish multinational firm, we uncover considerable price dispersion across countries, customers, and, surprisingly, within the same customer. In fact, we find that transaction-specific characteristics are the most important factors in explaining price variation. The extent of price dispersion within a customer relationship can be affected by the firm's price setting strategy. Our unique dataset allows us to examine the consequences of introducing price lists containing recommended and minimum prices. We find that prices converge towards the recommended price, and that price dispersion within a customer can decline if the price lists successfully narrow the pricing range for the products that the customer purchases.}, keywords = {price discrimination; Firm-to-firm trade; Price list}, year = {2023}, eissn = {1610-2886}, orcid-numbers = {Macedoni, Luca/0000-0003-0018-7533} } @article{MTMT:32947702, title = {Imperfect Competition in Firm-to-Firm Trade}, url = {https://m2.mtmt.hu/api/publication/32947702}, author = {Dhyne, Emmanuel and Kikkawa, Ayumu Ken and Magerman, Glenn}, doi = {10.1093/jeea/jvac013}, journal-iso = {J EUR ECON ASSOC}, journal = {JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION}, volume = {20}, unique-id = {32947702}, issn = {1542-4766}, abstract = {This paper studies the implications of imperfect competition in firm-to-firm trade. Exploiting data on the universe of sales relationships between Belgian firms, we document that firms' markups increase in the average input shares among their buyers. Motivated by this fact, we develop and estimate a model where firms charge buyer-supplier-specific markups that depend on the bilateral input shares. We find markup dispersion within firms across buyers creates substantial welfare loss: Aggregate welfare increases by around 6% when firms are banned from charging different markups across buyers.}, year = {2022}, eissn = {1542-4774}, pages = {1933-1970} } @article{MTMT:32320136, title = {DISPERSION IN INPUT AND OUTPUT PRICES: A FIRM-LEVEL ANALYSIS}, url = {https://m2.mtmt.hu/api/publication/32320136}, author = {Choudhry, Sonam}, doi = {10.1142/S0217590821500557}, journal-iso = {SINGAP ECON REV}, journal = {SINGAPORE ECONOMIC REVIEW}, unique-id = {32320136}, issn = {0217-5908}, abstract = {Analyzing representative and rich data on the Indian formal manufacturing sector, this paper tries to establish an empirical relationship between prices of input, output and firm size of the plant. The firm-level data reflect tremendous dispersion in prices that firms pay to purchase material input even within an industry. Price heterogeneity is also observed for prices that firms charge for their output even for narrowly defined products. The paper constructs a model using information on output and input choices by firms to analyze the observed patterns. The paper finds that on average, bigger plants not only pay a premium for the inputs used in the production process, but also charge a premium for their outputs. After documenting the empirical relationship, the paper discusses the possible sources for price dispersion. The paper highlights sectoral variations in the correlation between plant size and prices, which are consistent with the findings in the literature related to the scope for quality differentiation in output as well as inputs. The empirical pattern observed supports the hypothesis that correlation between plant size and price can be driven by market power.}, keywords = {dispersion; Plant size; output prices; Input prices}, year = {2021}, eissn = {1793-6837} } @article{MTMT:27194359, title = {Export Destinations and Input Prices}, url = {https://m2.mtmt.hu/api/publication/27194359}, author = {Bastos, P and Silva, J and Verhoogen, E}, doi = {10.1257/aer.20140647}, journal-iso = {AM ECON REV}, journal = {AMERICAN ECONOMIC REVIEW}, volume = {108}, unique-id = {27194359}, issn = {0002-8282}, year = {2018}, eissn = {1944-7981}, pages = {353-392} } @article{MTMT:27478005, title = {Input reallocation within multi-product firms}, url = {https://m2.mtmt.hu/api/publication/27478005}, author = {Vandenbussche, H and Viegelahn, C}, doi = {10.1016/j.jinteco.2018.04.010}, journal-iso = {J INT ECON}, journal = {JOURNAL OF INTERNATIONAL ECONOMICS}, volume = {114}, unique-id = {27478005}, issn = {0022-1996}, year = {2018}, eissn = {1873-0353}, pages = {63-79} } @article{MTMT:25276092, title = {Trade Liberalization, Quality, and Export Prices}, url = {https://m2.mtmt.hu/api/publication/25276092}, author = {Fan, HC and Li, YA and Yeaple, SR}, doi = {10.1162/REST_a_00524}, journal-iso = {REV ECON STAT}, journal = {REVIEW OF ECONOMICS AND STATISTICS}, volume = {97}, unique-id = {25276092}, issn = {0034-6535}, year = {2015}, eissn = {1530-9142}, pages = {1033-1051} } @article{MTMT:22315112, title = {How do different exporters react to exchange rate changes?}, url = {https://m2.mtmt.hu/api/publication/22315112}, author = {Berman, N and Martin, P and Mayer, T}, doi = {10.1093/qje/qjr057}, journal-iso = {Q J ECON}, journal = {QUARTERLY JOURNAL OF ECONOMICS}, volume = {127}, unique-id = {22315112}, issn = {0033-5533}, year = {2012}, eissn = {1531-4650}, pages = {437-492} } @article{MTMT:22315111, title = {Prices, plant size, and product quality}, url = {https://m2.mtmt.hu/api/publication/22315111}, author = {Kugler, M and Verhoogen, E}, doi = {10.1093/restud/rdr021}, journal-iso = {REV ECON STUD}, journal = {REVIEW OF ECONOMIC STUDIES}, volume = {79}, unique-id = {22315111}, issn = {0034-6527}, year = {2012}, eissn = {1467-937X}, pages = {307-339} } @article{MTMT:22315110, title = {Pricing to market with trade liberalization. the role of market heterogeneity and product differentiation in India's exports}, url = {https://m2.mtmt.hu/api/publication/22315110}, author = {Mallick, S and Marques, H}, doi = {10.1016/j.jimonfin.2011.11.014}, journal-iso = {J INT MONEY FINANC}, journal = {JOURNAL OF INTERNATIONAL MONEY AND FINANCE}, volume = {31}, unique-id = {22315110}, issn = {0261-5606}, year = {2012}, eissn = {1873-0639}, pages = {310-336} } @book{MTMT:21682994, title = {Incomplete contracts and the impact of globalization on consumer welfare}, url = {https://m2.mtmt.hu/api/publication/21682994}, author = {Defever, F}, publisher = {Centre for Economic Performance, London School of Economics and Political Science}, unique-id = {21682994}, year = {2011} } @article{MTMT:22315113, title = {Data frequency and exchange rate pass-through: Evidence from India's exports}, url = {https://m2.mtmt.hu/api/publication/22315113}, author = {Mallick, S and Marques, H}, doi = {10.1016/j.iref.2009.02.007}, journal-iso = {INT REV ECON FINANC}, journal = {INTERNATIONAL REVIEW OF ECONOMICS & FINANCE}, volume = {19}, unique-id = {22315113}, issn = {1059-0560}, year = {2010}, eissn = {1873-8036}, pages = {13-22} }