TY - JOUR AU - Gloria, Jose AU - Miranda-Pinto, Jorge AU - Fleming-Munoz, David TI - Production network diversification and economic development JF - JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION J2 - J ECON BEHAV ORGAN VL - 218 PY - 2024 SP - 281 EP - 295 PG - 15 SN - 0167-2681 DO - 10.1016/j.jebo.2023.12.006 UR - https://m2.mtmt.hu/api/publication/34603617 ID - 34603617 AB - We provide empirical evidence and a theoretical analysis of the influence of production network diversification on countries' economic performance, reflected in their GDP per-capita levels. Using a panel sample of 55 countries, we find a strong positive association between the number of active links in the input-output network of a country and its GDP per-capita over time, even after controlling for several country characteristics. To complement and scrutinize our empirical finding, we advance economic theory on the link between network diversity and economic development by proposing a multisector model with input-output linkages, non-unitary elasticity of substitution in production, and a love of diversification in the bundle of intermediate inputs that rationalize our empirical results. In the long run, when labor and intermediates are substitute inputs, denser production structures enjoy higher productivity in the intermediate input bundle and also amplify positive shocks more strongly than less connected networks. Hence, our model predicts that economies with denser production structures display higher income. LA - English DB - MTMT ER - TY - JOUR AU - Andrei, Daniel AU - Carlin, Bruce I. TI - Schumpeterian competition in a Lucas economy JF - JOURNAL OF ECONOMIC THEORY J2 - J ECON THEORY VL - 208 PY - 2023 PG - 59 SN - 0022-0531 DO - 10.1016/j.jet.2023.105613 UR - https://m2.mtmt.hu/api/publication/33882752 ID - 33882752 AB - We model a rent-seeking game where agents experiment with a new technology and compete for claims to a consumption stream. We characterize how creative destruction affects risk, wealth, and asset prices. Competition not only imposes excessive disruption risk on existing assets and higher technological uncer-tainty, it also increases the wealth duration (the weighted-average maturity of wealth). Because of hedging motives, a complementarity between wealth duration and technological uncertainty decreases systematic risk. If competition is sufficiently intense, a negative risk premium may arise. The model generates price paths consistent with boom-bust patterns and transient episodes of negative expected excess returns. We show that Schumpeterian competition may worsen income inequality.(c) 2023 Elsevier Inc. All reserved. LA - English DB - MTMT ER - TY - JOUR AU - Awais, Minahil AU - Afzal, Ayesha AU - Firdousi, Saba AU - Hasnaoui, Amir TI - Is fintech the new path to sustainable resource utilisation and economic development? JF - RESOURCES POLICY J2 - RESOUR POL VL - 81 PY - 2023 PG - 11 SN - 0301-4207 DO - 10.1016/j.resourpol.2023.103309 UR - https://m2.mtmt.hu/api/publication/33882751 ID - 33882751 AB - Sustainability has become an important topic due to the environmental damage caused by economic activity. In this scenario, fintech can help achieve improved resource utilisation and sustainable economic development. To improve understanding of this relationship, panel data has been collected from 66 countries for the 2010-2021 period. A green growth (GG) index has been developed and its relationships with multiple fintech variables have been analysed. Results show that Internet popularisation and Findex have positive effects on green economic activity while carbon emissions have a negative impact. Population growth and unemployment can also impact green growth. Importantly, this research highlights the need for policy makers to promote adoption of fintech for achieving greener economic growth. LA - English DB - MTMT ER - TY - JOUR AU - Chen, Jun AU - Guo, Guangzhen TI - Diversification or specialization: Measuring the impact of high-speed rail connection on technological diversity in China JF - JOURNAL OF INNOVATION & KNOWLEDGE J2 - J INNOVAT KNOWLEDGE VL - 8 PY - 2023 IS - 1 PG - 11 SN - 2530-7614 DO - 10.1016/j.jik.2023.100306 UR - https://m2.mtmt.hu/api/publication/34270192 ID - 34270192 AB - Technological diversification and specialization have important roles in explaining volatility, innovation, income inequality, exports, and related concerns; however, the relationships between transportation improvement and technological diversification and specialization remains unexplored. Using Chinese citylevel panel data, we investigate the impact of China's high-speed rail (HSR) connection on technological diversity using the difference-in-differences method and instrumental variable regressions. The results demonstrate that HSR connection leads to reductions in technological diversity, particularly in core cities, cities along the four longest HSR lines, and cities that were initially diversified. The findings indicate that HSR connection is conducive to technological specialization rather than diversification, offering new insights for understanding the relationship between transportation improvement and innovation and determining that HSR connection spurs intra-industry knowledge spillovers more than inter-industry knowledge spillovers. (c) 2023 The Authors. Published by Elsevier Espana, S.L.U. on behalf of Journal of Innovation & Knowledge. This (http://creativecommons.org/licenses/by-nc-nd/4.0/) LA - English DB - MTMT ER - TY - JOUR AU - Grigoli, Francesco AU - Luttini, Emiliano AU - Sandri, Damiano TI - Idiosyncratic shocks and aggregate fluctuations in an emerging market? JF - JOURNAL OF DEVELOPMENT ECONOMICS J2 - J DEV ECON VL - 160 PY - 2023 PG - 6 SN - 0304-3878 DO - 10.1016/j.jdeveco.2022.102949 UR - https://m2.mtmt.hu/api/publication/33882753 ID - 33882753 AB - This paper provides the first assessment of the contribution of idiosyncratic shocks to aggregate fluctuations in an emerging market using confidential data on the universe of Chilean firms. We find that idiosyncratic shocks account for more than 40 percent of the volatility of aggregate sales. Although quite large, this contribution is smaller than documented in previous studies based on advanced economies, despite a higher degree of market concentration in Chile. We show that this finding is explained by larger firms being less volatile and by weaker propagation effects across Chilean firms. LA - English DB - MTMT ER - TY - JOUR AU - Hao, Xiaoli AU - Wen, Shufang AU - Sun, Qingyu AU - Irfan, Muhammad AU - Wu, Haitao AU - Hao, Yu TI - How does the target of green innovation for cleaner production change in management process? Quality targeting and link targeting JF - JOURNAL OF ENVIRONMENTAL MANAGEMENT J2 - J ENVIRON MANAGE VL - 345 PY - 2023 PG - 14 SN - 0301-4797 DO - 10.1016/j.jenvman.2023.118832 UR - https://m2.mtmt.hu/api/publication/34270190 ID - 34270190 AB - The global economy has accelerated the transition to a green, low-carbon economy. An enterprise's green innovation (GI) is directly related to its capacity for sustainable production as a micro-subject of economic development. This study examined the impact of managerial capacity on enterprise green innovation and changes of green innovation targeting. We used data collected manually from 423 Chinese A-share companies from 2010 to 2017. The effect of various external impact signals was then investigated. This study's findings are as follows: (1) Managerial ability stimulated green enterprise innovation. The marginal effect was 0.0696. While quality targeting has focused more on green invention innovation, managerial capacity significantly improved the marginal impact of green substantial innovation by 0.0375; (2) The clean production link targeting analysis confirmed that enterprises focused on end-of-pipe governance innovation (0.0466), along with new energy innovation (0.0495) rather than energy-saving innovation (-0.0227); (3) The multi-period DDD (Difference in Difference in Difference) model revealed that low-carbon city policy promoted green innovation with a diminishing trend; (4) The voluntary environmental regulation signals, ISO14001 certification, displayed a substitute effect for managerial capacity on enterprise green innovation. This paper provides recommendations, including that enterprises should improve the utilization of new and renewable energy while improving and optimizing production processes. The government should also improve innovation incentive policies and strengthen environmental information disclosure. LA - English DB - MTMT ER - TY - JOUR AU - He, Dan AU - Tang, Yahua AU - Wang, Luyan AU - Mohsin, Muhammad TI - Can increasing technological complexity help strengthen regional economic resilience? JF - ECONOMIC CHANGE AND RESTRUCTURING J2 - ECON CHANGE RESTRUCT VL - 56 PY - 2023 SP - 4043 EP - 4070 PG - 28 SN - 1573-9414 DO - 10.1007/s10644-023-09506-8 UR - https://m2.mtmt.hu/api/publication/33882750 ID - 33882750 AB - Improving regional economic resilience through technological innovation has always been a strategic focus of China, but the previous studies have paid little attention to the impact of structural characteristics of technological innovation on regional economic resilience. Based on the complexity of technology, this study studies the impact and mechanism of technological systems with more complex internal mechanisms on economic resilience. The main findings are as follows: (1) Higher technological complexity is conducive to technological innovation and can improve regional economic resilience; (2) technological complexity needs to be in the appropriate range, and its positive effect shows diminishing marginal effect; and (3) optimizing market competition and absorptive capacity plays a positive role in regulating the relationship between technological complexity and regional economic resilience. This study provides policy implications for implementing innovation-driven development strategy, formulating economic recovery plan, and medium- and long-term sustainable development strategy. LA - English DB - MTMT ER - TY - JOUR AU - Nguyen, Harvey AU - Pham, Mia Hang AU - Truong, Cameron TI - Work from Home Suitability and Credit Risk Assessment JF - EUROPEAN ACCOUNTING REVIEW J2 - EUR ACCOUNT REV PY - 2023 PG - 34 SN - 0963-8180 DO - 10.1080/09638180.2023.2239865 UR - https://m2.mtmt.hu/api/publication/34270191 ID - 34270191 AB - Employing firm-level work from home (WFH) suitability derived from the U.S. universe job postings, we investigate whether rating agencies and debt holders incorporate WFH suitability in their risk assessments. We document that firms with higher WFH suitability have higher credit ratings and lower costs of debt. Our results are robust to different fixed effect estimations, sampling methods, and controls. We identify two ways that WFH suitability translates into higher credit ratings: high WFH suitability is associated with lower future cash flow volatility and lower default risk. Overall, our study suggests that WFH suitability is an important determinant of credit risk assessments and that firms should see flexible work arrangements as an effective strategy in their crisis management planning. LA - English DB - MTMT ER - TY - JOUR AU - Yang, Siying AU - Wang, Wenzhi AU - Ding, Tao TI - Intelligent transformation and sustainable innovation capability: Evidence from China JF - FINANCE RESEARCH LETTERS J2 - FINANC RES LETT VL - 55 PY - 2023 PG - 7 SN - 1544-6123 DO - 10.1016/j.frl.2023.103963 UR - https://m2.mtmt.hu/api/publication/34270193 ID - 34270193 AB - Previous studies overlook the impact of intelligence on enterprises' sustainable innovation capability. Our study shows that intelligent transformation enhances this ability (both inputs and outputs). We mitigate endogeneity through the instrumental variable, and the conclusion remains robust. The optimization of human capital structure and technological diversification constitute the underlying channels through which intelligent transformation promotes enterprises' sustainable innovation. Further research indicates that the sustainable innovation effect of intelligent transformation is more significant in state-owned enterprises. These findings deepen our understanding of the dynamic effects of intelligent transformation on innovation. LA - English DB - MTMT ER - TY - JOUR AU - Bamieh, Omar AU - Bripi, Francesco AU - Fiorini, Matteo TI - Services trade and labor market outcomes. Evidence from Italian firms TS - Evidence from Italian firms JF - REVIEW OF INTERNATIONAL ECONOMICS J2 - REV INT ECON VL - 30 PY - 2022 IS - 3 SP - 673 EP - 701 PG - 29 SN - 0965-7576 DO - 10.1111/roie.12581 UR - https://m2.mtmt.hu/api/publication/32796389 ID - 32796389 LA - English DB - MTMT ER - TY - JOUR AU - Boehm, Johannes AU - Dhingra, Swati AU - Morrow, John TI - The Comparative Advantage of Firms JF - JOURNAL OF POLITICAL ECONOMY J2 - J POLIT ECON VL - 130 PY - 2022 IS - 12 SP - 3025 EP - 3100 PG - 76 SN - 0022-3808 DO - 10.1086/720630 UR - https://m2.mtmt.hu/api/publication/33248715 ID - 33248715 AB - Resource-based theories propose that firms grow by diversifying into products that use common capabilities. We provide evidence for common-input capabilities, using a policy that removed entry barriers in input markets to show that the similarity of a firm's and an industry's input mix determines firm production choices. We model industry choice and economies of scope from input capabilities. When the model is estimated for Indian manufacturing, input complementarities make firms 5% more likely to produce in an industry and are quantitatively as important as time-invariant drivers of coproduction rates. Upstream entry barriers were equivalent to a 9.5% tariff on inputs. LA - English DB - MTMT ER - TY - JOUR AU - Chen, Guoliang AU - Fang, Jianchun AU - Gozgor, Giray AU - Pekel, Sercan TI - Measuring Uncertainty in Export Destinations And Its Impact on Economic Growth. Evidence from Turkey TS - Evidence from Turkey JF - EMERGING MARKETS FINANCE AND TRADE J2 - EMERG MARK FINANC TR VL - 58 PY - 2022 IS - 15 SP - 4231 EP - 4246 PG - 16 SN - 1540-496X DO - 10.1080/1540496X.2022.2068412 UR - https://m2.mtmt.hu/api/publication/32984433 ID - 32984433 AB - Using data from the World Uncertainty, the World Trade Uncertainty, and the World Pandemic Uncertainty indices for 142 countries, this paper introduces three new indicators for measuring Turkey's export markets' uncertainty from 1996Q1 to 2021Q3. The indicators measure uncertainty in Turkey's export destinations. After introducing three indicators of uncertainty for export markets, we investigate their effects on economic performance. It is found that all uncertainty indicators are negatively related to economic growth. Specifically, an increase in export destinations' uncertainty leads to a slower growth rate of two quarters. Pandemic-induced uncertainty also negatively affects economic growth. The implications for the role of risks and uncertainties, such as financial, geopolitical, and political risks, are also discussed. LA - English DB - MTMT ER - TY - JOUR AU - Fiszbein, Martin TI - Agricultural Diversity, Structural Change, and Long-Run Development: Evidence from the United States JF - AMERICAN ECONOMIC JOURNAL-MACROECONOMICS J2 - AM ECON J-MACROECON VL - 14 PY - 2022 IS - 2 SP - 1 EP - 43 PG - 43 SN - 1945-7707 DO - 10.1257/mac.20190285 UR - https://m2.mtmt.hu/api/publication/32806432 ID - 32806432 LA - English DB - MTMT ER - TY - JOUR AU - Lee, Dongyeol AU - Zhang, Huan TI - Export diversification in low-income countries and small states: Do country size and income level matter? JF - STRUCTURAL CHANGE AND ECONOMIC DYNAMICS J2 - STRUCT CHANGE ECON DYNAM VL - 60 PY - 2022 SP - 250 EP - 265 PG - 16 SN - 0954-349X DO - 10.1016/j.strueco.2021.11.017 UR - https://m2.mtmt.hu/api/publication/32955084 ID - 32955084 AB - Export structure is less diversified in low-income countries (LICs) and small states that generally face constraints in resources and economic size. This paper presents an empirical analysis on the linkages between export structure and economic growth/volatility in LICs and small states, by using a variant of export concentration indices. The analysis documents that export diversification in products or industries may promote economic growth and reduce economic volatility in these countries. The analysis further demonstrates that the economic benefits of export diversification differ by the country size and income level-larger gains for relatively small and poor countries within a group of LICs and small states. In addition, diversification in export partners or markets tends to be beneficial for economic growth and stability.(c) 2021 Elsevier B.V. All rights reserved. LA - English DB - MTMT ER - TY - JOUR AU - Mora, Jesse AU - Olabisi, Michael TI - Export growth drivers and economic development JF - EMPIRICAL ECONOMICS J2 - EMPIR ECON VL - 63 PY - 2022 SP - 2389 EP - 2426 PG - 38 SN - 0377-7332 DO - 10.1007/s00181-022-02204-w UR - https://m2.mtmt.hu/api/publication/32984434 ID - 32984434 AB - We offer a new approach that explains long-run export growth, and how export growth varies by economic development. The approach relies on a heterogeneous-firm model that parses drivers of export growth along the following dimensions: comparative advantage changes, product demand growth, country-level growth, global growth, and growth in destinations reached. We show that aggregate trade growth for a product is a stronger driver of exports in the same product heading for high-income countries, but is less so for middle-income and low-income countries. Country-level export drivers explain more of export growth at the product-level in middle-income countries, compared to other country-groups. High-income countries appear to benefit more from secular trade growth trends, though the latter results are not as statistically robust. Finally, having more destinations is the most notable driver of the observed export growth in our analysis. Low-income countries appear to benefit the most from entering new markets. The main findings hold up to several robustness checks. LA - English DB - MTMT ER - TY - JOUR AU - Zhou, Guangyou AU - Zhu, Jieyu AU - Luo, Sumei TI - The impact of fintech innovation on green growth in China: Mediating effect of green finance JF - ECOLOGICAL ECONOMICS J2 - ECOL ECON VL - 193 PY - 2022 PG - 12 SN - 0921-8009 DO - 10.1016/j.ecolecon.2021.107308 UR - https://m2.mtmt.hu/api/publication/32984432 ID - 32984432 AB - Although green growth has become the economic development strategy of many countries in the world, and studies have analyzed the influencing factors of green growth from multiple angles, there are few literatures devoted to the impact of fintech and green finance on green growth. From the perspective of fintech development, this paper tries to construct a comprehensive index to evaluate the green growth of regional economy based on the in-depth analysis of the influence mechanism of green finance on green growth. At the same time, China's provincial panel data from 2011 to 2018 are selected to test the impact of fintech innovation and green finance on green growth, and its mechanism. It turns out that fintech and green finance significantly promotes green economic growth. At the same time, the impact of fintech and green finance on green growth has obvious regional heterogeneity, that is, the impact in eastern China is significantly stronger than that in central and western China. Further research shows that fintech innovation mainly promotes green economic growth through green credit and green investment. Therefore, fintech innovation can promote green economic growth by improving the development level of green finance, which has great reference significance for most countries. LA - English DB - MTMT ER - TY - JOUR AU - Al Marhubi, Fahim TI - Economic Complexity and Inflation: An Empirical Analysis JF - ATLANTIC ECONOMIC JOURNAL (AEJ) J2 - ATL ECON J VL - 49 PY - 2021 IS - 3 SP - 259 EP - 271 PG - 13 SN - 0197-4254 DO - 10.1007/s11293-021-09727-0 UR - https://m2.mtmt.hu/api/publication/32984435 ID - 32984435 AB - This study examines the relationship between inflation and economic complexity, the set of productive capabilities and know-how embedded in the structure of an economy. It posits that economic complexity, by providing the economy with the ability to reduce macroeconomic shocks, is associated with lower inflation. Economic complexity is inferred from the overall sophistication and mix of a country's exports. Complex economies are highly diversified and export a large number of less ubiquitous products. Using a sample of 94 countries for the period 1970 to 2014, the impact of economic complexity on inflation is estimated using the Arellano and Bond generalized method of moments estimation procedure. The empirical results show that economic complexity has a negative causal impact on inflation. This effect is statistically significant, quantitatively large, and robust. From a policy perspective, the findings suggest that development driven by economic diversification, a critical component of economic complexity, rather than export specialization, is more likely to promote low inflation, a crucial objective of macroeconomic policy. LA - English DB - MTMT ER - TY - JOUR AU - Cao, Jianhong AU - Law, Siong Hook AU - Samad, Abdul Rahim Bin Abdul AU - Mohamad, Wan Norhidayah Binti W. AU - Wang, Jianlong AU - Yang, Xiaodong TI - Impact of financial development and technological innovation on the volatility of green growth-evidence from China JF - ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH J2 - ENVIRON SCI POLLUT R VL - 28 PY - 2021 IS - 35 SP - 48053 EP - 48069 PG - 17 SN - 0944-1344 DO - 10.1007/s11356-021-13828-3 UR - https://m2.mtmt.hu/api/publication/32321046 ID - 32321046 AB - China's green growth has shown a trend of fluctuation year by year. Simultaneously, Chinese local governments have pursued simple economic growth driven by the interests of "political competition" for a long time, while the supervision of the ecological environment has been loosened and tightened. In this environment, financial development and technological innovation may easily become the accelerator of this phenomenon, thus exacerbating the fluctuation of green growth. To deeply excavate the key factors to achieve stable and sustained growth of green economy, based on the annual panel data of 30 provinces in China from 2011 to 2018, this paper studies the impact of financial development and technological innovation on the volatility of green growth using dynamic system GMM method. The findings of this paper are shown as follows: First, the expansion of financial institutions' scale will significantly enhance the volatility of green growth. Second, the increase in the scale of the stock market will also significantly cause green growth fluctuations. Third, the interaction between financial development and technological innovation can significantly weaken the volatility of green growth. Fourth, financial development measured by stock market indicators is more efficient than financial development measured by financial institutions indicators to curb the volatility of green growth. Fifth, the fluctuation of green growth in the previous period will reduce the volatility of green growth in the current period. This study provides new evidence for exploring the power source to promote the stability and sustainable growth of the green economy in the special stage of financial and technological integration. Controlling the development scale of financial institutions and removing their state preferences, expanding the development of capital markets, and deepening the integration of financial development and technological innovation are conducive to achieve stable green growth. LA - English DB - MTMT ER - TY - JOUR AU - Fiorini, Matteo AU - Sanfilippo, Marco AU - Sundaram, Asha TI - Trade liberalization, roads and firm productivity JF - JOURNAL OF DEVELOPMENT ECONOMICS J2 - J DEV ECON VL - 153 PY - 2021 SN - 0304-3878 DO - 10.1016/j.jdeveco.2021.102712 UR - https://m2.mtmt.hu/api/publication/32795491 ID - 32795491 LA - English DB - MTMT ER - TY - JOUR AU - Hafner, Kurt A. TI - Output volatility and efficiency gains: evidence from Latin American gross value added JF - JOURNAL OF APPLIED ECONOMICS J2 - J APPL ECON VL - 24 PY - 2021 IS - 1 SP - 277 EP - 296 PG - 20 SN - 1514-0326 DO - 10.1080/15140326.2021.1921518 UR - https://m2.mtmt.hu/api/publication/32321048 ID - 32321048 AB - Based on gross value added (GVA) shares of economic activities from 1990 to 2014, the paper shows that convex growth-instability frontiers exist for 19 Latin American countries. Numerical simulations show that in 2011, Latin America's industry portfolios were below Markowitz's efficiency frontier, and that rearranging the shares of economic activities contributes to efficiency gains that are negatively linked to industrial diversification. Reducing output volatility, MERCOSUR countries with a low degree of industrial diversification would average relatively high efficiency gains, while the reverse is true for CACAM and CAN countries. Analyzing more recent industry portfolios, Latin American countries closed the efficiency frontier gap and captured efficiency gains in terms of lower output volatility and higher GVA growth rates. Convex growth-instability frontiers are confirmed by stochastic frontier analysis, which identifies variations in employment ratios and industrial diversification as the key sources of inefficiency. LA - English DB - MTMT ER - TY - JOUR AU - Harchaoui, Tarek M. TI - Global volatility accounting and structural transformation JF - OXFORD ECONOMIC PAPERS-NEW SERIES J2 - OXFORD ECON PAP VL - 73 PY - 2021 IS - 2 SP - 720 EP - 743 PG - 24 SN - 0030-7653 DO - 10.1093/oep/gpz074 UR - https://m2.mtmt.hu/api/publication/32320155 ID - 32320155 AB - This paper examines whether the modern phase of globalization that started in the mid-1980s altered the canonical result which emphasizes that macroeconomic volatility declines with development. The application of a framework that gives due consideration to comovements and structural transformation to a near-universe sample of economies at different stages of economic development suggests the following set of results. First, with an explicit account for the roles of structural transformation and comovements, macroeconomic volatility declines during the modern phase of globalization for the Centre while it increases for the Periphery. Second, macroeconomic volatility of the Periphery declines with development only where structural transformation is ruled out-an unrealistic situation. Third, comovements are found to be quantitatively important, albeit without altering the fact that structural transformation constitutes the primary vehicle of transmissions of volatility from the Centre to the Periphery, where China emerges as the epicentre. LA - English DB - MTMT ER - TY - JOUR AU - Miranda-Pinto, Jorge TI - Production network structure, service share, and aggregate volatility JF - REVIEW OF ECONOMIC DYNAMICS J2 - REV ECON DYNAM VL - 39 PY - 2021 SP - 146 EP - 173 PG - 28 SN - 1094-2025 DO - 10.1016/j.red.2020.07.001 UR - https://m2.mtmt.hu/api/publication/32320158 ID - 32320158 AB - This paper shows that GDP growth volatility declines with production network diversification. To account for this evidence, I build a multisector model with CES technologies and a cost of complexity in the bundle of intermediates. Production network diversification decreases volatility when intermediate inputs and labor are substitute inputs. U.S. sectoral data suggest that labor and intermediates are substitutes in service sectors. Therefore, a calibrated model that then also matches each country's production network can quantitatively generate the empirical patterns. The model also explains why service-oriented countries are less volatile: service sectors have a more diversified set of suppliers. (C) 2020 Elsevier Inc. All rights reserved. LA - English DB - MTMT ER - TY - JOUR AU - Serwach, Tomasz AU - Gabrielczak, Piotr TI - DOES EUROPEAN INTEGRATION MAKE EXPORTS MORE COMPLEX? JF - ARGUMENTA OECONOMICA J2 - ARGUM OECON VL - 46 PY - 2021 IS - 1 SP - 155 EP - 168 PG - 14 SN - 1233-5835 DO - 10.15611/aoe.2021.1.07 UR - https://m2.mtmt.hu/api/publication/32984436 ID - 32984436 AB - The authors studied the determinants of export complexity aiming at an assessment of the impact of European integration on increased sophistication of exported goods. It is possible that EU membership leads to higher export complexity due to the emergence of new (advanced-technology-oriented) comparative advantages and inflow of capital, for instance, in the form of FDI. At the same time, countries without the supply conditions necessary to produce sophisticated products, may specialize in goods that are less complex. Such a theoretical ambiguity leads to the need to empirically assess the importance of EU accession for export complexity.The study applied panel data analysis. The results indicate that the European Union may have increased the complexity in member states' exports, especially in the less advanced economies. LA - English DB - MTMT ER - TY - JOUR AU - Shrawan, Aakanksha AU - Dubey, Amlendu TI - Technology intensive trade and business cycle synchronisation: Evidence from a panel threshold regression model for India JF - JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT J2 - J INT TRADE ECON DEV VL - 30 PY - 2021 IS - 6 SP - 906 EP - 929 PG - 24 SN - 0963-8199 DO - 10.1080/09638199.2021.1918224 UR - https://m2.mtmt.hu/api/publication/32321047 ID - 32321047 AB - In recent years, the export baskets of developing economies have undergone a structural shift away from traditional exports towards more technology-intensive exports. The case of India, in particular, is important as the performance of Indian exports in terms of their productivity is now at par with that of developed countries. Since trade integration has significant implications for output comovements, we analyse whether this phenomenon of a structural shift in India's intra-industry trade composition has had any impact on its business cycle synchronisation with its developing and developed trade partners. Using a panel threshold regression model, our estimates reveal that intra-industry trade in technology leads to a convergence in business cycle of India with only its developing country trade partners. Further, when the GDP per capita of the partner country is greater than the threshold estimate, we find a negative relationship between technology-intensive trade and output comovements. LA - English DB - MTMT ER - TY - JOUR AU - Caselli, F AU - Koren, Miklós AU - Lisicky, M AU - Tenreyro, S TI - Diversification through trade JF - QUARTERLY JOURNAL OF ECONOMICS J2 - Q J ECON VL - 135 PY - 2020 IS - 1 SP - 449 EP - 502 PG - 54 SN - 0033-5533 DO - 10.1093/qje/qjz028 UR - https://m2.mtmt.hu/api/publication/31450741 ID - 31450741 AB - A widely held view is that openness to international trade leads to higher income volatility, as trade increases specialization and hence exposure to sector-specific shocks. Contrary to this common wisdom, we argue that when country-wide shocks are important, openness to international trade can lower income volatility by reducing exposure to domestic shocks and allowing countries to diversify the sources of demand and supply across countries. Using a quantitative model of trade, we assess the importance of the two mechanisms (sectoral specialization and cross-country diversification) and show that in recent decades international trade has reduced economic volatility for most countries. LA - English DB - MTMT ER - TY - JOUR AU - Gabrielczak, Piotr AU - Serwach, Tomasz TI - Does the euro increase the complexity of exported goods? The case of Estonia JF - JOURNAL OF BALTIC STUDIES J2 - J BALTIC STUD VL - 51 PY - 2020 IS - 1 SP - 105 EP - 124 PG - 20 SN - 0162-9778 DO - 10.1080/01629778.2019.1694551 UR - https://m2.mtmt.hu/api/publication/31074427 ID - 31074427 AB - The goal of this article is to assess the impact of the euro's adoption on the complexity of goods in Estonian exports. That policy decision may result in the specialization of production of either more or less sophisticated goods, depending on the country's technological advancement and factor endowment. At the same time, intensified foreign direct investment (FDI) flows may enhance the engagement of a country in international production chains with ambiguous consequences for export complexity. We applied the Synthetic Control Method to compare the observed post-adoption levels of export complexity in Estonia with the counterfactual values of Estonia remaining outside of the Eurozone. LA - English DB - MTMT ER - TY - JOUR AU - Henn, Christian AU - Papageorgiou, Chris AU - Romero, Jose Manuel AU - Spatafora, Nikola TI - Export Quality in Advanced and Developing Economies: Evidence from a New Data Set JF - IMF ECONOMIC REVIEW J2 - IMF ECON REV VL - 68 PY - 2020 IS - 2 SP - 421 EP - 451 PG - 31 SN - 2041-4161 DO - 10.1057/s41308-020-00110-8 UR - https://m2.mtmt.hu/api/publication/31450736 ID - 31450736 AB - This paper develops new estimates of export quality, based on bilateral data, which are far more extensive than previous efforts. The data cover 166 countries and more than 800 products over the period 1962-2014. The analysis finds that, within any given product line, export quality on average converges rapidly across countries. However, there is also significant cross-country heterogeneity in the growth rate of quality. Institutional quality, liberal trade policies, foreign direct investment inflows, and human capital all promote quality upgrading, although their impacts vary across sectors. LA - English DB - MTMT ER - TY - JOUR AU - Kwon, O. TI - A study on how startups approach sustainable development through intellectual property JF - SUSTAINABLE DEVELOPMENT J2 - SUSTAIN DEV VL - 28 PY - 2020 IS - 4 SP - 613 EP - 625 PG - 13 SN - 0968-0802 DO - 10.1002/sd.2012 UR - https://m2.mtmt.hu/api/publication/31165898 ID - 31165898 LA - English DB - MTMT ER - TY - JOUR AU - Bennett, Federico AU - Lederman, Daniel AU - Pienknagura, Samuel AU - Rojas, Diego TI - The volatility of world trade in the 21st century: Whose fault is it anyway? JF - WORLD ECONOMY J2 - WORLD ECON VL - 42 PY - 2019 IS - 9 SP - 2508 EP - 2545 PG - 38 SN - 0378-5920 DO - 10.1111/twec.12826 UR - https://m2.mtmt.hu/api/publication/31073946 ID - 31073946 AB - This paper explores the drivers of the volatility of international trade. It decomposes trade growth into six components that have gained attention in the literature and studies their contribution to overall volatility. It yields three main findings. First, trade volatility in the 1990-2015 period is mostly explained by a common factor, changes in the gravity-related characteristics of a country's trading partners and country-specific factors. Product composition and the identity of trading partners appear to be less important in explaining volatility. Second, the pre-2009 decline in volatility and the post-2009 increase in volatility appear to be driven by different factors. The former is mostly explained by a decline in the variance of country-specific factors; the latter appears to be driven by an increase in the volatility of common factors. Third, diversification is a likely force behind the steady decline in the volatility stemming from country-specific factors, especially in developing countries. LA - English DB - MTMT ER - TY - JOUR AU - Boehm, Christoph E. AU - Flaaen, Aaron AU - Pandalai-Nayar, Nitya TI - Input Linkages and the Transmission of Shocks: Firm-Level Evidence from the 2011 Tohoku Earthquake JF - REVIEW OF ECONOMICS AND STATISTICS J2 - REV ECON STAT VL - 101 PY - 2019 IS - 1 SP - 60 EP - 75 PG - 16 SN - 0034-6535 DO - 10.1162/rest_a_00750 UR - https://m2.mtmt.hu/api/publication/31074433 ID - 31074433 AB - Using novel firm-level microdata and leveraging a natural experiment, this paper provides causal evidence for the role of trade and multinational firms in the cross-country transmission of shocks. The scope for trade linkages to generate cross-country spillovers depends on the elasticity of substitution with respect to domestic inputs. Using the 2011 Tohoku earthquake as an exogenous shock, we structurally estimate production elasticities at the firm level and find greater complementarities in input usage than previously thought. For Japanese affiliates in the United States, output falls roughly one-for-one with declines in imports, consistent with a relationship between imported and domestic inputs that is close to Leontief. LA - English DB - MTMT ER - TY - JOUR AU - Gabrielczak, Piotr AU - Serwach, Tomasz TI - Economic Integration and Export Complexity: The Case of Slovakia JF - EKONOMICKY CASOPIS J2 - EKON CAS VL - 67 PY - 2019 IS - 2 SP - 115 EP - 134 PG - 20 SN - 0013-3035 UR - https://m2.mtmt.hu/api/publication/30557244 ID - 30557244 AB - The goal of the article is to evaluate the impact of accession to the European Union (EU) on the complexity of goods in Slovak exports. The traditional theories of trade show that such an engagement in economic integration may lead to specialization in the production of either more or less sophisticated goods, depending on the country's technological advancement and factor endowment. At the same time, increased FDI flows may stimulate the engagement of a country in international production chains with ambiguous effects on export complexity. Because it is impossible to a priori predict the effect economic integration may have on the complexity, it is reasonable to verify it empirically. The authors used the Synthetic Control Method (SCM) to compare the observed post-accession levels of exports complexity in Slovakia with the counterfactual values of that country remaining outside of the EU. LA - English DB - MTMT ER - TY - JOUR AU - Hafner, Kurt A. TI - Growth-instability frontier and industrial diversification: Evidence from European gross value added JF - PAPERS IN REGIONAL SCIENCE: THE JOURNAL OF THE REGIONAL SCIENCE ASSOCIATION INTERNATIONAL J2 - PAP REG SCI VL - 98 PY - 2019 IS - 2 SP - 799 EP - + PG - 27 SN - 1056-8190 DO - 10.1111/pirs.12401 UR - https://m2.mtmt.hu/api/publication/31074431 ID - 31074431 AB - The paper applies the modern portfolio theory and stochastic frontier analysis to gross value added growth rates in Europe and presents evidence of convex growth-instability frontiers. Using their national accounts by economic activity, numerical simulations of gross value added shares show that in 2011, industry portfolios were below Markowitz's efficient frontier and that rearranging the share of economic activities lead to efficiency gains in terms of lower output instability and higher growth rates. Gross value added in EU countries in general, and core countries in particular, should be contributed by the "service provider" and "financial activities" sectors, while optimal industry portfolios of periphery countries are more diversified. Stochastic frontier analysis confirms the convex growth-instability frontiers and finds that technical inefficiencies are explained by differences in the growth rate of labour and the degree of industrial diversification. Getting more efficient is a combination of country characteristics and sector specifics, where efficiency gains are inversely related to industrial diversification during economic development. Reported results are robust to model specifications and data restrictions. LA - English DB - MTMT ER - TY - JOUR AU - Joya, Omar AU - Rougier, Eric TI - Do (all) sectoral shocks lead to aggregate volatility? Empirics from a production network perspective JF - EUROPEAN ECONOMIC REVIEW J2 - EUR ECON REV VL - 113 PY - 2019 SP - 77 EP - 107 PG - 31 SN - 0014-2921 DO - 10.1016/j.euroecorev.2019.01.004 UR - https://m2.mtmt.hu/api/publication/31073957 ID - 31073957 AB - Productive diversification has long been acknowledged as a volatility-reducing strategy. Yet, recent theoretical contributions have shown that, in strongly diversified economies, idiosyncratic shocks could translate into aggregate volatility via the network of inter-industry linkages. By exploiting exogenous cross-country-sector variations in demand shocks during the 2008 Great Recession, we provide empirical evidence that the network properties of a sector affected by an individual shock determine its propensity to transmit volatility to the rest of the economy. More precisely, shocks to sectors that are located in denser parts of a production network fade out over a large number of alternative paths of propagation due to substitution effects, whereas shocks to sectors that are more influential within the network generate aggregate fluctuations through contagion effects. We also find that the impact of sectoral shocks on aggregate volatility (1) is not conditional on sector-level differences in trade intensity, and (2) is larger for developing countries because they tend to have more isolated influential sectors and larger structural holes in their production network. Our results thus help consolidate the two opposite views in the literature on the impact of productive diversification on aggregate volatility. (C) 2019 Elsevier B.V. All rights reserved. LA - English DB - MTMT ER - TY - JOUR AU - Sundaram, Asha TI - Trade liberalization and volatility. Evidence from Indian firms TS - Evidence from Indian firms JF - REVIEW OF INTERNATIONAL ECONOMICS J2 - REV INT ECON VL - 27 PY - 2019 IS - 5 SP - 1409 EP - 1426 PG - 18 SN - 0965-7576 DO - 10.1111/roie.12429 UR - https://m2.mtmt.hu/api/publication/31074429 ID - 31074429 AB - I look at the impact of trade liberalization on sales growth volatility of firms. Exploiting India's externally imposed trade reform to identify trade liberalization effects, I find that while a fall in the tariff on the final product produced by the firm is associated with an increase in volatility in Indian manufacturing firms, a fall in the tariff on intermediate inputs is associated with a decrease in volatility, with the latter effect dominating the former. I hence propose an additional channel for gains from trade liberalization to the ones documented in the literature. LA - English DB - MTMT ER - TY - JOUR AU - Basile, Roberto AU - Parteka, Aleksandra AU - Pittiglio, Rosanna TI - Export diversification and economic development: A dynamic spatial data analysis JF - REVIEW OF INTERNATIONAL ECONOMICS J2 - REV INT ECON VL - 26 PY - 2018 IS - Heraklion SP - 634 EP - 650 PG - 17 SN - 0965-7576 DO - 10.1111/roie.12316 UR - https://m2.mtmt.hu/api/publication/27520192 ID - 27520192 LA - English DB - MTMT ER - TY - JOUR AU - Cede, Urska AU - Chiriacescu, Bogdan AU - Harasztosi, Peter AU - Lalinsky, Tibor AU - Merikull, Jaanika TI - Export characteristics and output volatility: comparative firm-level evidence for CEE countries JF - REVIEW OF WORLD ECONOMICS J2 - REV WORLD ECON VL - 154 PY - 2018 IS - 2 SP - 347 EP - 376 PG - 30 SN - 1610-2878 DO - 10.1007/s10290-018-0312-x UR - https://m2.mtmt.hu/api/publication/27520193 ID - 27520193 LA - English DB - MTMT ER - TY - JOUR AU - Converse, Nathan TI - Uncertainty, capital flows, and maturity mismatch JF - JOURNAL OF INTERNATIONAL MONEY AND FINANCE J2 - J INT MONEY FINANC VL - 88 PY - 2018 SP - 260 EP - 275 PG - 16 SN - 0261-5606 DO - 10.1016/j.jimonfin.2017.07.013 UR - https://m2.mtmt.hu/api/publication/30490315 ID - 30490315 AB - This paper explores a how the financial uncertainty generated by volatile international capital flows interacts with maturity mismatch on the balance sheets of nonfinancial firms to increase the volatility of output, investment, and total factor productivity (TFP) in emerging market economies. I build a model of a small open economy in which financial frictions force firms to fund long-term projects with short-term debt. In response to changes in the level of uncertainty regarding the availability of foreign borrowing, firms adjust their long-term investment, contributing to the volatility of investment and output as well as generating endogenous fluctuations in aggregate productivity. Using data from a panel of major emerging markets, I show that the volatility of portfolio debt flows negatively affects output by dampening investment, while the volatility of equity flows, which do not generate maturity mismatch, has no effect. Consistent with the mechanism in the model, the negative impact of capital flow volatility is larger at low levels of financial development and in industries with longer time-to-build lags. My estimates imply that shocks to capital flow volatility account for one fifth of the excess output volatility of the emerging markets in my sample relative to a set of small open advanced economies. (C) 2017 Elsevier Ltd. All rights reserved. LA - English DB - MTMT ER - TY - JOUR AU - Hsu, Po-Hsuan AU - Lee, Hsiao-Hui AU - Peng, Shu-Cing AU - Yi, Long TI - Natural Disasters, Technology Diversity, and Operating Performance JF - REVIEW OF ECONOMICS AND STATISTICS J2 - REV ECON STAT VL - 100 PY - 2018 IS - 4 SP - 619 EP - 630 PG - 12 SN - 0034-6535 DO - 10.1162/rest_a_00738 UR - https://m2.mtmt.hu/api/publication/30557248 ID - 30557248 AB - In this paper, we empirically measure the impact of natural disasters on firm-level operating performance and examine if such impact can be mitigated by technology diversification. Using major natural disasters specified by Barrot and Sauvagnat (2015) and factory location data from the toxic release inventory (TRI) database, we first find that firms with factories located in states affected by natural disasters are much less profitable. Second, we find that firms with diversified technologies are significantly less subject to the impact of natural disasters, suggesting that technology diversity enhances firms' sustainability. LA - English DB - MTMT ER - TY - JOUR AU - Lee, Iona Hyojung TI - Industrial output fluctuations in developing countries: General equilibrium consequences of agricultural productivity shocks JF - EUROPEAN ECONOMIC REVIEW J2 - EUR ECON REV VL - 102 PY - 2018 SP - 240 EP - 279 PG - 40 SN - 0014-2921 DO - 10.1016/j.euroecorev.2017.10.024 UR - https://m2.mtmt.hu/api/publication/27269306 ID - 27269306 LA - English DB - MTMT ER - TY - CHAP AU - Vera, Zaretskaya G. ED - Soliman, Khalid S TI - Economic Diversification in the Post-Soviet States T2 - Proceedings of the 31st International Business Information Management Association Conference (IBIMA) PB - International Business Information Management Association (IBIMA) CY - Norristown (PA) SN - 9780999855102 T3 - Innovation Management and Education Excellence through Vision 2020 PY - 2018 SP - 2667 EP - 2672 PG - 6 UR - https://m2.mtmt.hu/api/publication/30557246 ID - 30557246 AB - Research subject. This paper deals with the study of the issue of economic diversification of the regions in the post-Soviet countries. LA - English DB - MTMT ER - TY - JOUR AU - Ferraro, Domenico TI - Volatility and slow technology diffusion JF - EUROPEAN ECONOMIC REVIEW J2 - EUR ECON REV VL - 96 PY - 2017 SP - 18 EP - 37 PG - 20 SN - 0014-2921 DO - 10.1016/j.euroecorev.2017.04.005 UR - https://m2.mtmt.hu/api/publication/26711203 ID - 26711203 LA - English DB - MTMT ER - TY - JOUR AU - Gabrielczak, Piotr AU - Serwach, Tomasz TI - The impact of the euro adoption on the complexity of goods in Slovenian exports JF - ZBORNIK RADOVA EKONOMSKOG FAKULTETA U RIJECI-PROCEEDINGS OF RIJEKA FACULTY OF ECONOMICS J2 - ZB RAD EKON FAK RIJE VL - 35 PY - 2017 IS - 1 SP - 45 EP - 71 PG - 27 SN - 1331-8004 DO - 10.18045/zbefri.2017.1.45 UR - https://m2.mtmt.hu/api/publication/26888504 ID - 26888504 LA - English DB - MTMT ER - TY - JOUR AU - Arkolakis, C TI - A unified theory of firm selection and growth JF - QUARTERLY JOURNAL OF ECONOMICS J2 - Q J ECON VL - 131 PY - 2016 IS - 1 SP - 89 EP - 155 PG - 67 SN - 0033-5533 DO - 10.1093/qje/qjv039 UR - https://m2.mtmt.hu/api/publication/25563318 ID - 25563318 LA - English DB - MTMT ER - TY - JOUR AU - Decker, Ryan A AU - D'Erasmo, Pablo N AU - Boedo, Hernan Moscoso TI - Market Exposure and Endogenous Firm Volatility over the Business Cycle JF - AMERICAN ECONOMIC JOURNAL-MACROECONOMICS J2 - AM ECON J-MACROECON VL - 8 PY - 2016 IS - 1 SP - 148 EP - 198 PG - 51 SN - 1945-7707 DO - 10.1257/mac.20130011 UR - https://m2.mtmt.hu/api/publication/25305230 ID - 25305230 LA - English DB - MTMT ER - TY - JOUR AU - Gabaix, Xavier TI - Power Laws in Economics: An Introduction JF - JOURNAL OF ECONOMIC PERSPECTIVES J2 - J ECON PERSPECT VL - 30 PY - 2016 IS - 1 SP - 185 EP - 205 PG - 21 SN - 0895-3309 DO - 10.1257/jep.30.1.185 UR - https://m2.mtmt.hu/api/publication/26344197 ID - 26344197 LA - English DB - MTMT ER - TY - JOUR AU - Kurz, Christopher AU - Senses, Mine Z TI - Importing, exporting, and firm-level employment volatility JF - JOURNAL OF INTERNATIONAL ECONOMICS J2 - J INT ECON VL - 98 PY - 2016 SP - 160 EP - 175 PG - 16 SN - 0022-1996 DO - 10.1016/j.jinteco.2015.08.003 UR - https://m2.mtmt.hu/api/publication/25772237 ID - 25772237 LA - English DB - MTMT ER - TY - JOUR AU - Maggioni, Daniela AU - Lo, Turco Alessia AU - Gallegati, Mauro TI - Does product complexity matter for firms' output volatility? JF - JOURNAL OF DEVELOPMENT ECONOMICS J2 - J DEV ECON VL - 121 PY - 2016 SP - 94 EP - 109 PG - 16 SN - 0304-3878 DO - 10.1016/j.jdeveco.2016.03.006 UR - https://m2.mtmt.hu/api/publication/26016949 ID - 26016949 LA - English DB - MTMT ER - TY - JOUR AU - Bremus, F AU - Buch, CM TI - Banking market structure and macroeconomic stability: Are low-income countries special? JF - PACIFIC ECONOMIC REVIEW J2 - PAC ECON REV VL - 20 PY - 2015 IS - 1 SP - 73 EP - 100 PG - 28 SN - 1361-374X DO - 10.1111/1468-0106.12095 UR - https://m2.mtmt.hu/api/publication/24633275 ID - 24633275 LA - English DB - MTMT ER - TY - JOUR AU - Moro, Alessio TI - Structural Change, Growth, and Volatility JF - AMERICAN ECONOMIC JOURNAL-MACROECONOMICS J2 - AM ECON J-MACROECON VL - 7 PY - 2015 IS - 3 SP - 259 EP - 294 PG - 36 SN - 1945-7707 DO - 10.1257/mac.20130057 UR - https://m2.mtmt.hu/api/publication/25305275 ID - 25305275 LA - English DB - MTMT ER - TY - JOUR AU - Agliari, A AU - Vachadze, G TI - Credit market imperfection, labor supply complementarity, and output volatility JF - ECONOMIC MODELLING J2 - ECON MODEL VL - 38 PY - 2014 IS - - SP - 45 EP - 56 PG - 12 SN - 0264-9993 DO - 10.1016/j.econmod.2013.10.039 UR - https://m2.mtmt.hu/api/publication/23779245 ID - 23779245 LA - English DB - MTMT ER - TY - JOUR AU - Chun, H AU - Ha, J AU - Kim, J-W TI - Firm heterogeneity, R&D, and economic growth JF - ECONOMIC MODELLING J2 - ECON MODEL VL - 36 PY - 2014 IS - - SP - 149 EP - 156 PG - 8 SN - 0264-9993 DO - 10.1016/j.econmod.2013.09.028 UR - https://m2.mtmt.hu/api/publication/23779244 ID - 23779244 LA - English DB - MTMT ER - TY - JOUR AU - Kalemli-Ozcan, S AU - Sorensen, B AU - Volosovych, V TI - Deep financial integration and volatility JF - JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION J2 - J EUR ECON ASSOC VL - 12 PY - 2014 IS - 6 SP - 1558 EP - 1585 PG - 28 SN - 1542-4766 DO - 10.1111/jeea.12089 UR - https://m2.mtmt.hu/api/publication/24608953 ID - 24608953 LA - English DB - MTMT ER - TY - JOUR AU - Luan, Chunjuan AU - Hou, Haiyan AU - Wang, Yongtao AU - Wang, Xianwen TI - Are significant inventions more diversified? JF - SCIENTOMETRICS J2 - SCIENTOMETRICS VL - 100 PY - 2014 IS - 2 SP - 459 EP - 470 PG - 12 SN - 0138-9130 DO - 10.1007/s11192-014-1303-x UR - https://m2.mtmt.hu/api/publication/25647928 ID - 25647928 LA - English DB - MTMT ER - TY - JOUR AU - Pammolli, F TI - On Innovation, Instability, and Growth. A Review and an Interpretative Framework TS - A Review and an Interpretative Framework JF - ECONOMIA POLITICA J2 - ECON POLIT-ITALY VL - 31 PY - 2014 IS - 1 SP - 17 EP - 32 PG - 16 SN - 1120-2890 DO - 10.1428/76489 UR - https://m2.mtmt.hu/api/publication/24079323 ID - 24079323 LA - English DB - MTMT ER - TY - JOUR AU - Santos, Silva JMC AU - Tenreyro, S AU - Wei, K TI - Estimating the extensive margin of trade JF - JOURNAL OF INTERNATIONAL ECONOMICS J2 - J INT ECON VL - 93 PY - 2014 IS - 1 SP - 67 EP - 75 PG - 9 SN - 0022-1996 DO - 10.1016/j.jinteco.2013.12.001 UR - https://m2.mtmt.hu/api/publication/23848069 ID - 23848069 N1 - N1 Funding Details: 240852, ERC, Fonds National de la Reserche Luxembourg Megjegyzés-24106126 N1 Funding Details: 240852, ERC, Fonds National de la Reserche Luxembourg LA - English DB - MTMT ER - TY - JOUR AU - Carvalho, V AU - Gabaix, X TI - The Great Diversification and its Undoing JF - AMERICAN ECONOMIC REVIEW J2 - AM ECON REV VL - 103 PY - 2013 IS - 5 SP - 1697 EP - 1727 PG - 31 SN - 0002-8282 DO - 10.1257/aer.103.5.1697 UR - https://m2.mtmt.hu/api/publication/23296589 ID - 23296589 LA - English DB - MTMT ER -