TY - JOUR AU - Acemoglu, Daron AU - Tahbaz-Salehi, Alireza TI - The Macroeconomics of Supply Chain Disruptions JF - REVIEW OF ECONOMIC STUDIES J2 - REV ECON STUD PY - 2024 PG - 40 SN - 0034-6527 DO - 10.1093/restud/rdae038 UR - https://m2.mtmt.hu/api/publication/34948556 ID - 34948556 LA - English DB - MTMT ER - TY - JOUR AU - Adom, Idossou Marius AU - Schott, Immo TI - Input delays, firm dynamics, and misallocation in Sub-Saharan Africa JF - REVIEW OF ECONOMIC DYNAMICS J2 - REV ECON DYNAM VL - 53 PY - 2024 SP - 147 EP - 172 PG - 26 SN - 1094-2025 DO - 10.1016/j.red.2024.04.001 UR - https://m2.mtmt.hu/api/publication/34948555 ID - 34948555 LA - English DB - MTMT ER - TY - JOUR AU - Arora, Kashika TI - Developing linkages between technology-intensive exports and GVC participation. a perspective from India and G20 countries TS - a perspective from India and G20 countries JF - INTERNATIONAL REVIEW OF APPLIED ECONOMICS J2 - INT REV APPL ECON VL - 37 PY - 2024 IS - 6 SP - 804 EP - 827 PG - 24 SN - 0269-2171 DO - 10.1080/02692171.2023.2268548 UR - https://m2.mtmt.hu/api/publication/34293412 ID - 34293412 AB - The G20, representing the world's major developed and developing countries, is experiencing a unique situation with a troika of developing countries - Indonesia, India, and Brazil - holding significant positions for the first time. India, holding the G20 presidency, has a unique opportunity to strengthen its ties while assuming the responsibility of leading the world towards economic recovery. To understand India's priorities regarding trade and supply chain resilience within the G20, it is essential to examine the background of India's trade relationships with G20 member countries. This paper explores the connection between technology-intensive exports and global value chain (GVC) participation for the period 1995 to 2018 using advanced time-series analysis. The results point towards the importance of forward linkages for India's exports of both high and low-tech exports and the backward linkage for medium-tech exports. The results show a connection between technological capabilities and exports to G20 nations through India's participation in the GVC. In light of these findings, the paper offers guidance for the development of timely and well-informed sector-specific strategies. LA - English DB - MTMT ER - TY - JOUR AU - Bao, Xiaohua AU - Huang, Hailiang AU - Qiu, Larry D. AU - Wang, Xiaozhuo TI - Exchange rate expectations and exports. Firm-level evidence from China TS - Firm-level evidence from China JF - REVIEW OF INTERNATIONAL ECONOMICS J2 - REV INT ECON VL - 32 PY - 2024 IS - 2 SP - 635 EP - 661 PG - 27 SN - 0965-7576 DO - 10.1111/roie.12709 UR - https://m2.mtmt.hu/api/publication/34293415 ID - 34293415 AB - The notion that the exchange rate affects exports is well understood. However, whether exporters respond to the expectations of the exchange rate is unknown. Hence, in this study, we construct a measure of exchange rate expectations based on news articles from the Factiva database. We use machine learning to identify and classify news articles about the appreciation of the renminbi (RMB, Chinese currency). Our empirical estimation shows that from 2000 to 2006, Chinese firms reduced their exports in response to a higher expectation of RMB appreciation. They switched their sales from export to domestic markets. The responses are larger in low-productivity firms, state-owned enterprises, processing trade, and final goods trade. LA - English DB - MTMT ER - TY - JOUR AU - Bas, Maria AU - Strauss-Kahn, Vanessa TI - Lower prices or higher quality? Firms' response to increased competition following trade liberalization JF - REVIEW OF WORLD ECONOMICS J2 - REV WORLD ECON VL - 160 PY - 2024 SP - 279 EP - 309 PG - 31 SN - 1610-2878 DO - 10.1007/s10290-023-00503-7 UR - https://m2.mtmt.hu/api/publication/34293428 ID - 34293428 AB - This paper investigates the impact of increased competition at the product-market level on firms' strategic price decisions. We analyse this issue in a context of trade liberalization where only some firms benefit from the input tariff cuts. We focus on China which is characterized by a unique dual trade regime, where some imports of intermediate goods are subject to tariff (i.e., the ordinary status) whereas other (i.e., the processing status) have been exempted of tariffs for the last 30 years. The recent Chinese trade liberalization allowed ordinary importers to improve their competitiveness relative to processing firms. Facing stronger pressures in their export markets, processing firms must adjust their strategy. We find that ordinary firms took advantage of the Chinese' input trade liberalization to improve the quality of their exported products and processing firms respond to this quality sorting by decreasing their export prices and markups. This finding is more pronounced for lower-end product sold in in advanced economies, where the quality sorting of competitors is more relevant. LA - English DB - MTMT ER - TY - JOUR AU - Blaum, Joaquin TI - Global Firms in Large Devaluations JF - QUARTERLY JOURNAL OF ECONOMICS J2 - Q J ECON PY - 2024 PG - 48 SN - 0033-5533 DO - 10.1093/qje/qjae017 UR - https://m2.mtmt.hu/api/publication/35314647 ID - 35314647 LA - English DB - MTMT ER - TY - JOUR AU - Brugues, Felipe AU - Brugues, Javier AU - Giambra, Samuele TI - Political connections and misallocation of procurement contracts: Evidence from Ecuador JF - JOURNAL OF DEVELOPMENT ECONOMICS J2 - J DEV ECON VL - 170 PY - 2024 PG - 24 SN - 0304-3878 DO - 10.1016/j.jdeveco.2024.103296 UR - https://m2.mtmt.hu/api/publication/34948554 ID - 34948554 LA - English DB - MTMT ER - TY - JOUR AU - Chen, Aizhen AU - Zhao, Dongyan AU - Wang, Haijie TI - Intermediaries' Imports and Export Product Quality. A Perspective of Supply Chain Network Correlation TS - A Perspective of Supply Chain Network Correlation JF - EMERGING MARKETS FINANCE AND TRADE J2 - EMERG MARK FINANC TR VL - 60 PY - 2024 IS - 7 SP - 1511 EP - 1536 PG - 26 SN - 1540-496X DO - 10.1080/1540496X.2023.2236288 UR - https://m2.mtmt.hu/api/publication/34616207 ID - 34616207 AB - This article investigates how intermediaries' imported inputs affect nondirect import firms' product quality. Based on WIOD input-output tables and microlevel China customs trade data, the result shows that intermediaries can significantly improve nondirect import firms' export quality mainly through imported quality rather than imported quantity. In addition, the promotion effect of intermediaries' import quality is greater for nondirect import firms with a larger scale, higher export intensity and longer export year; the imported quality of ordinary intermediaries has a greater effect than that of professional intermediaries. Furthermore, the imported quality of intermediaries is also conducive to alleviating the negative effect of the quality directly imported by peer firms in the same industry. This study not only explores intermediaries' supporting role in the supply chain but also puts forward some policy implications of export product quality upgrading for SMEs. LA - English DB - MTMT ER - TY - JOUR AU - Cheng, Jiajia AU - Yu, Zhuangxiong AU - Mukhopadhaya, Pundarik AU - Yang, Yang TI - The Global Financial Crisis and China's Export in Belt and Road Countries. An Analysis Using Product-Level Data TS - An Analysis Using Product-Level Data JF - EMERGING MARKETS FINANCE AND TRADE J2 - EMERG MARK FINANC TR VL - 60 PY - 2024 IS - 2 SP - 217 EP - 232 PG - 16 SN - 1540-496X DO - 10.1080/1540496X.2023.2213378 UR - https://m2.mtmt.hu/api/publication/34293429 ID - 34293429 AB - Using SITC-3 product-level data from the CEPII-BACI database, we find that the share of imports from China by countries in the one-belt region slowed down significantly after the global financial crisis (GFC) in 2008, which predates the Belt and Road Initiative (BRI), while there was no slowdown in the one-road region. Analysis using the difference-in-differences (DID) method reveals that the GFC inhibited China's export to countries in the one-belt region and this effect has become stronger over time. This conclusion remains robust for other control groups over various time segment points and different product dimensions. Further analysis shows that the slowdown of China's export expansion in landlocked countries, and in Europe, and the Middle East is the main contributing factor to the post-crisis slowdown in Chinese exports in the one-belt countries. Mechanism analysis shows that shrinkage in the geographical import networks of the one-belt countries, which has been aggravated by countries' concentration of import sources and relative trade proximity with China, explains the slowdown in general. Heterogeneous analyses reveal that after the GFC, the share of imports from China fell least in primary and resource-based products, then in medium-tech and high-tech products, and fell most in low-tech products. LA - English DB - MTMT ER - TY - JOUR AU - Chen, Ming AU - Wang, Hongbo TI - Import Trade and the Green Transformation Development of Chinese Enterprises: Based on the Dual Perspectives of Import Technology Sophistication and Import Diversification JF - PRAGUE ECONOMIC PAPERS J2 - PRAGUE ECON PAP VL - 33 PY - 2024 IS - 4 SP - 504 EP - 542 PG - 39 SN - 1210-0455 DO - 10.18267/j.pep.871 UR - https://m2.mtmt.hu/api/publication/35314628 ID - 35314628 LA - English DB - MTMT ER - TY - JOUR AU - Chen, Wen AU - Xue, Wei TI - The impact of capital goods trade liberalization on regional labor market in China JF - CHINA ECONOMIC REVIEW J2 - CHINA ECON REV VL - 86 PY - 2024 PG - 20 SN - 1043-951X DO - 10.1016/j.chieco.2024.102205 UR - https://m2.mtmt.hu/api/publication/35314643 ID - 35314643 LA - English DB - MTMT ER - TY - JOUR AU - Chen, Zhiyuan AU - Yi, Jingtao AU - Huang, Jinchao TI - Detecting learning from importing. The effect of importing behaviour on R&D expenditures of Chinese firms TS - The effect of importing behaviour on R&D expenditures of Chinese firms JF - WORLD ECONOMY J2 - WORLD ECON VL - 47 PY - 2024 IS - 7 SP - 3244 EP - 3278 PG - 35 SN - 0378-5920 DO - 10.1111/twec.13577 UR - https://m2.mtmt.hu/api/publication/34948563 ID - 34948563 LA - English DB - MTMT ER - TY - JOUR AU - Chiappini, Raphael AU - Gaglio, Cyrielle TI - Digital intensity, trade costs and exports' quality upgrading JF - WORLD ECONOMY J2 - WORLD ECON VL - 47 PY - 2024 IS - 2 SP - 709 EP - 747 PG - 39 SN - 0378-5920 DO - 10.1111/twec.13448 UR - https://m2.mtmt.hu/api/publication/34293426 ID - 34293426 AB - This paper studies the relationships between digitalisation, trade costs, quality upgrading and trade flows, using an extended version of a gravity model. Based on information from various sources of data, we estimate these relationships sequentially for a sample of 18 manufacturing and 14 service sectors in 40 countries over the period 2000-2014. Using input-output tables from World Input-Output Database, we define an original measure of digitalisation at the country-sector level that reflects the use of digital inputs into a country's production function. Using trade databases from the CEPII and OECD, we estimate a series of gravity models of trade augmented with this measure of digitalisation. Our results show that sectoral digital intensity positively affects sectoral exports. We provide evidence that this result is not ruled out by other possible factors, such as internet adoption or participation in a global value chain. A heterogeneous analysis also reveals that the effect of digital intensity is stronger for manufacturing trade and for trade between emerging economies. We explore two possible mechanisms explaining this positive relationship. First, we find that digital intensity facilitates trade between countries by reducing communication and transport costs. Second, we show that digital intensity improves the quality of exported products. LA - English DB - MTMT ER - TY - JOUR AU - Ciani, Andrea AU - Stiebale, Joel TI - Export Performance Under Domestic Anti-Dumping Protection JF - WORLD DEVELOPMENT: THE MULTI-DISCIPLINARY INTERNATIONAL JOURNAL DEVOTED TO THE STUDY AND PROMOTION OF WORLD DEVELOPMENT J2 - WORLD DEV VL - 183 PY - 2024 PG - 23 SN - 0305-750X DO - 10.1016/j.worlddev.2024.106716 UR - https://m2.mtmt.hu/api/publication/35314640 ID - 35314640 LA - English DB - MTMT ER - TY - JOUR AU - Cui, Riming AU - Song, Huanhuan AU - Li, Dan TI - Global value chain embeddedness, technology spillover and enterprise innovation JF - INTERNATIONAL REVIEW OF ECONOMICS & FINANCE J2 - INT REV ECON FINANC VL - 93 PY - 2024 SP - 758 EP - 771 PG - 14 SN - 1059-0560 DO - 10.1016/j.iref.2024.03.004 UR - https://m2.mtmt.hu/api/publication/34948557 ID - 34948557 LA - English DB - MTMT ER - TY - JOUR AU - Demir, Banu AU - Javorcik, Beata AU - Michalski, Tomasz K. AU - Ors, Evren TI - Financial Constraints and Propagation of Shocks in Production Networks JF - REVIEW OF ECONOMICS AND STATISTICS J2 - REV ECON STAT VL - 106 PY - 2024 IS - 2 SP - 437 EP - 454 PG - 18 SN - 0034-6535 DO - 10.1162/rest_a_01162 UR - https://m2.mtmt.hu/api/publication/34948567 ID - 34948567 LA - English DB - MTMT ER - TY - JOUR AU - Dewitte, Ruben AU - Merlevede, Bruno AU - Rayp, Glenn TI - Gains from trade. Demand, supply, and idiosyncratic shocks TS - Demand, supply, and idiosyncratic shocks JF - JOURNAL OF APPLIED ECONOMETRICS J2 - J APPL ECONOM VL - 39 PY - 2024 IS - 5 SP - 870 EP - 886 PG - 17 SN - 0883-7252 DO - 10.1002/jae.3051 UR - https://m2.mtmt.hu/api/publication/34948562 ID - 34948562 LA - English DB - MTMT ER - TY - JOUR AU - Dobbelaere, Sabien AU - Wiersma, Quint TI - The impact of trade liberalization on firms' product and labor market power JF - INDUSTRIAL AND CORPORATE CHANGE J2 - IND CORP CHANGE PY - 2024 PG - 24 SN - 0960-6491 DO - 10.1093/icc/dtae030 UR - https://m2.mtmt.hu/api/publication/35314638 ID - 35314638 LA - English DB - MTMT ER - TY - JOUR AU - Feng, Shuaizhang AU - Lu, Jingliang AU - Shen, Leilei TI - Hukou Matters: The heterogeneous local labor market effects of export expansions in China JF - JOURNAL OF COMPARATIVE ECONOMICS J2 - J COMP ECON VL - 52 PY - 2024 IS - 1 SP - 321 EP - 340 PG - 20 SN - 0147-5967 DO - 10.1016/j.jce.2023.11.005 UR - https://m2.mtmt.hu/api/publication/34948568 ID - 34948568 LA - English DB - MTMT ER - TY - JOUR AU - Fung, Loretta AU - Schmitt, Nicolas TI - On the Role of Import Intermediaries in Canada JF - CANADIAN PUBLIC POLICY-ANALYSE DE POLITIQUES J2 - CAN PUBLIC POL VL - 50 PY - 2024 IS - 1 SP - 87 EP - 107 PG - 21 SN - 0317-0861 DO - 10.3138/cpp.2022-079 UR - https://m2.mtmt.hu/api/publication/34616197 ID - 34616197 AB - Cet article etudie de maniere empirique le role des intermediaires dans le secteur de l'importation au Canada et examine la maniere dont les politiques publiques peuvent les affecter. Entre autres resultats notables de l'etude, il se degage que les intermediaires jouent un role tres different de celui des fabricants et des detaillants en ce qui concerne les produits differencies et complexes, mais que leur role est qualitativement le meme dans les pays de l'Accord de libre-echange nord-americain (ALeNA) et dans les pays hors ALeNA, et que la part des importations des intermediaires est toujours stimulee par une masse plus importante de petits fabricants et detaillants nationaux. Ces resultats laissent a penser que les grossistes importateurs jouent un role important dans l'economie canadienne, en particulier en ce qui concerne les fabricants nationaux, et que les decideurs politiques devraient etre attentifs a l'incidence des politiques sur ce secteur.This article empirically investigates the role of import intermediaries in Canada and discusses how public policies can affect them. Among the main results is that intermediaries are shown to play a very different role with respect to manufacturers and retailers regarding differentiated and complex products, but their role is qualitatively the same across North American Free Trade Agreement (NAFTA) and non-NAFTA countries, and the share of intermediaries' imports is always boosted by a greater mass of small domestic manufacturers and retailers. These results suggest that import wholesalers play an important role in the Canadian economy, especially with respect to domestic manufacturers, and that policy-makers should be mindful of policy impacts on this sector. LA - English DB - MTMT ER - TY - JOUR AU - Gao, Yunshu AU - Yin, Sisi AU - Ferrett, Ben AU - Gao, Bo TI - FDI deregulation and firm innovation: Evidence from firm patents JF - CHINA ECONOMIC REVIEW J2 - CHINA ECON REV VL - 83 PY - 2024 PG - 23 SN - 1043-951X DO - 10.1016/j.chieco.2023.102060 UR - https://m2.mtmt.hu/api/publication/34616201 ID - 34616201 AB - This paper studies whether inward FDI deregulation promotes innovation by firms in the host country. A theoretical framework, in which the entry of additional foreign firms is associated with both spillover and competition effects, is built to guide the empirical evaluation. Exploiting data on Chinese firm-level patents in a difference-in-differences setting, this paper finds a positive and significant impact of FDI deregulation on firm innovation. Moreover, we find that FDI deregulation had a heterogeneous effect on firms: the impact was prominent on firms with high productivity while being insignificant on firms with low productivity. LA - English DB - MTMT ER - TY - JOUR AU - Gimenez-Perales, Victor TI - The dynamics of importer-exporter connections JF - EUROPEAN ECONOMIC REVIEW J2 - EUR ECON REV VL - 161 PY - 2024 PG - 18 SN - 0014-2921 DO - 10.1016/j.euroecorev.2023.104638 UR - https://m2.mtmt.hu/api/publication/34616206 ID - 34616206 AB - This paper studies the dynamics of importer-exporter connections when importers source inputs from multiple exporters. I first develop a trade model in which heterogeneous importers invest in expanding the set of potential exporters they know and from which they can source. The model delivers three novel predictions. The lower the degree of substitutability among final goods and the higher the degree of substitutability among inputs of an importer: (i) the lower the growth rate in importer's connections, (ii) the more likely are connections to be discontinued, and (iii) the lower the trade value growth per surviving connection. I then provide evidence in favor of these predictions by using customs transaction data from Colombia. Finally, I show that the mechanism unveiled in this paper matters for the heterogeneity of the trade adjustment to macroeconomic shocks across sectors. LA - English DB - MTMT ER - TY - JOUR AU - Grossman, Gene M. AU - Helpman, Elhanan AU - Redding, Stephen J. TI - When Tariffs Disrupt Global Supply Chains JF - AMERICAN ECONOMIC REVIEW J2 - AM ECON REV VL - 114 PY - 2024 IS - 4 SP - 988 EP - 1029 PG - 42 SN - 0002-8282 DO - 10.1257/aer.20211519 UR - https://m2.mtmt.hu/api/publication/34779144 ID - 34779144 AB - We study unanticipated tariffs in a setting with firm-to-firm supply relationships. Firms conduct costly searches and negotiate with potential suppliers that pass a reservation level of match productivity. Global supply chains form in anticipation of free trade. Then, the home government surprises with an input tariff. This can lead to renegotiation with initial suppliers or search for replacements. Calibrating the model’s parameters to match initial import shares and the estimated responses to the US tariffs imposed on China, we find an overall welfare loss of 0.12 percent of GDP, with substantial contributions from changes in input sourcing and search costs. (JEL D72, F13, F14, L14, O19, P33) LA - English DB - MTMT ER - TY - JOUR AU - Han, Chao AU - Li, Chongyu AU - Pei, Jiansuo AU - Wang, Chunhua TI - Environmental regulation and intermediate imports: Firm-product-level evidence JF - JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT J2 - J ENVIRON ECON MANAG VL - 127 PY - 2024 PG - 20 SN - 0095-0696 DO - 10.1016/j.jeem.2024.103043 UR - https://m2.mtmt.hu/api/publication/35314633 ID - 35314633 LA - English DB - MTMT ER - TY - JOUR AU - Handley, Kyle AU - Limbo, Nuno AU - Ludema, Rodney D. AU - Yu, Zhi TI - Firm input choice under trade policy uncertainty JF - JOURNAL OF INTERNATIONAL ECONOMICS J2 - J INT ECON VL - 150 PY - 2024 PG - 36 SN - 0022-1996 DO - 10.1016/j.jinteco.2024.103909 UR - https://m2.mtmt.hu/api/publication/34948558 ID - 34948558 LA - English DB - MTMT ER - TY - JOUR AU - Head, Keith AU - Mayer, Thierry AU - Melitz, Marc TI - The Laffer curve for rules of origin JF - JOURNAL OF INTERNATIONAL ECONOMICS J2 - J INT ECON VL - 150 PY - 2024 PG - 26 SN - 0022-1996 DO - 10.1016/j.jinteco.2024.103911 UR - https://m2.mtmt.hu/api/publication/34948566 ID - 34948566 LA - English DB - MTMT ER - TY - JOUR AU - Hoekman, Bernard AU - Sanfilippo, Marco AU - Santi, Filippo AU - Ticku, Rohit TI - Trade, productivity, and services input intensity JF - REVIEW OF WORLD ECONOMICS J2 - REV WORLD ECON PY - 2024 PG - 29 SN - 1610-2878 DO - 10.1007/s10290-024-00548-2 UR - https://m2.mtmt.hu/api/publication/35314639 ID - 35314639 LA - English DB - MTMT ER - TY - JOUR AU - Hu, Han AU - Yang, Shihui AU - Zeng, Lin AU - Zhang, Xuesi TI - US-China trade conflicts and R&D investment: evidence from the BIS entity lists JF - HUMANITIES & SOCIAL SCIENCES COMMUNICATIONS J2 - HUM SOC SCI COMMUN VL - 11 PY - 2024 IS - 1 PG - 15 SN - 2662-9992 DO - 10.1057/s41599-024-03369-8 UR - https://m2.mtmt.hu/api/publication/35314648 ID - 35314648 LA - English DB - MTMT ER - TY - JOUR AU - Irwin, Douglas A. TI - Does Trade Reform Promote Economic Growth? A Review of Recent Evidence JF - WORLD BANK RESEARCH OBSERVER J2 - WORLD BANK RES OBSER PY - 2024 PG - 38 SN - 0257-3032 DO - 10.1093/wbro/lkae003 UR - https://m2.mtmt.hu/api/publication/34948565 ID - 34948565 LA - English DB - MTMT ER - TY - JOUR AU - Jangam, Bhushan Praveen AU - Rath, Badri Narayan AU - Ridhwan, Masagus M TI - Does Global Value Chain Integration Enhance Export Competitiveness? Evidence from Indonesia’s Industry-Level Analysis JF - EMERGING MARKETS FINANCE AND TRADE J2 - EMERG MARK FINANC TR VL - 60 PY - 2024 IS - 7 SP - 1578 EP - 1598 PG - 21 SN - 1540-496X DO - 10.1080/1540496X.2023.2284304 UR - https://m2.mtmt.hu/api/publication/34435040 ID - 34435040 LA - English DB - MTMT ER - TY - JOUR AU - Jongwanich, Juthathip TI - Free trade agreements (FTAs) and export structures: evidence from Thailand JF - JOURNAL OF THE ASIA PACIFIC ECONOMY J2 - J ASIA PAC ECON PY - 2024 PG - 39 SN - 1354-7860 DO - 10.1080/13547860.2023.2300584 UR - https://m2.mtmt.hu/api/publication/34616199 ID - 34616199 AB - This study aims to investigate the role of (in-effect) FTAs in influencing export structures, defined as intensive margin, extensive margin (products and markets) and sophistication at product level using Thailand's FTA-partner countries as a case study during 2006-2020. The results show that FTAs tended to generate favorable impacts in enhancing export structures in Thailand, except the extensive margin in terms of new products. The preferential treatments noticeably expanded (existing) export products of Thailand into the FTA-partner countries (the extensive margin in terms of markets) and helped maintain traditional products exporting into these countries. Impacts of FTAs in improving the intensive and extensive margins were pronounced in Middle-income partners and in manufacturing products. ASEAN and China were export destinations where FTAs driven the intensive and extensive margins (markets) played a noticeable role. Importance of AFTA and ASEAN-China FTA was also observed when export sophistication is concerned. Imports through FTAs only helped enhance export sophistication. LA - English DB - MTMT ER - TY - JOUR AU - Khanna, Rupika AU - Sharma, Chandan TI - Imported inputs and productivity: Unraveling the dynamics in India's manufacturing sector JF - MANAGERIAL AND DECISION ECONOMICS: THE INTERNATIONAL JOURNAL OF RESEARCH AND PROGRESS IN MANAGEMENT ECONOMICS J2 - MANAGE DECI ECON PY - 2024 PG - 16 SN - 0143-6570 DO - 10.1002/mde.4382 UR - https://m2.mtmt.hu/api/publication/35314631 ID - 35314631 LA - English DB - MTMT ER - TY - JOUR AU - Khan, Shafaat Yar AU - Khederlarian, Armen TI - INVENTORIES, INPUT COSTS, AND PRODUCTIVITY GAINS FROM TRADE LIBERALIZATIONS JF - INTERNATIONAL ECONOMIC REVIEW J2 - INT ECON REV PY - 2024 PG - 25 SN - 0020-6598 DO - 10.1111/iere.12731 UR - https://m2.mtmt.hu/api/publication/35314080 ID - 35314080 LA - English DB - MTMT ER - TY - JOUR AU - Kitenge, Erick AU - Lahiri, Sajal TI - Imported Inputs and Export Performance: A Gravity Analysis JF - FOREIGN TRADE REVIEW J2 - FOREIGN TRADE REVIEW PY - 2024 PG - 21 SN - 0015-7325 DO - 10.1177/00157325241255743 UR - https://m2.mtmt.hu/api/publication/35314635 ID - 35314635 LA - English DB - MTMT ER - TY - JOUR AU - Klugl, Franziska AU - Nordas, Hildegunn Kyvik TI - Double whammy? Trade and automation in engineering services JF - REVIEW OF INTERNATIONAL ECONOMICS J2 - REV INT ECON VL - 32 PY - 2024 IS - 4 SP - 1493 EP - 1520 PG - 28 SN - 0965-7576 DO - 10.1111/roie.12743 UR - https://m2.mtmt.hu/api/publication/34948570 ID - 34948570 LA - English DB - MTMT ER - TY - JOUR AU - Koedijk, Kees G. AU - Lin, Xinrui AU - Qi, Tong AU - Qiang, Wenhui TI - EU-China Comprehensive Agreement on Investment: The impact of firm supply chains on firm value JF - ECONOMIC AND POLITICAL STUDIES-EPS J2 - ECON POLIT STUD-EPS PY - 2024 PG - 20 SN - 2095-4816 DO - 10.1080/20954816.2024.2389660 UR - https://m2.mtmt.hu/api/publication/35314632 ID - 35314632 LA - English DB - MTMT ER - TY - JOUR AU - Liu, Ting AU - Huang, Ye TI - The influence of subnational corruption on the conversion of foreign proprietorship. Stumbling block or lubricant? Evidence from Sino-foreign joint ventures TS - Stumbling block or lubricant? Evidence from Sino-foreign joint ventures JF - ASIA PACIFIC JOURNAL OF MANAGEMENT J2 - ASIA PAC J MANAG VL - 41 PY - 2024 SP - 135 EP - 170 PG - 36 SN - 0217-4561 DO - 10.1007/s10490-022-09841-w UR - https://m2.mtmt.hu/api/publication/33248731 ID - 33248731 AB - Existing research shows that subnational corruption can be used to expound the ownership choices of foreign firms entering a new foreign market. Yet, most studies either overlook the evolution of foreign firms' ownership structure after entering the host market, or mainly focus on the national level. This study investigates how subnational corruption affects the conversion of Sino-foreign joint ventures (JVs) into wholly foreign-owned enterprises (WFOEs) in China. In a sample of Sino-foreign JVs operating in China between 1998 and 2007, we find that the relationship between subnational corruption and the conversion of foreign proprietorship of Sino-foreign JVs is U-shaped. Furthermore, the U-shaped relationship between subnational corruption and the conversion of foreign proprietorship of JV is stronger when the JV is in a higher degree of marketization, while it is weaker when the local partner is a state-owned enterprise (SOE) rather than a privately owned enterprise (POE). Overall, our findings emphasize how subnational corruption shapes the dynamic ownership choices of foreign firms operating in the host market. LA - English DB - MTMT ER - TY - JOUR AU - Li, Yifan AU - Miao, Zhuang TI - The rise of superstar firms in the United States: The role of global sourcing JF - JOURNAL OF COMPARATIVE ECONOMICS J2 - J COMP ECON VL - 52 PY - 2024 IS - 1 SP - 113 EP - 144 PG - 32 SN - 0147-5967 DO - 10.1016/j.jce.2023.08.003 UR - https://m2.mtmt.hu/api/publication/34948569 ID - 34948569 LA - English DB - MTMT ER - TY - JOUR AU - Li, Zhiyuan AU - Xu, Mingyao TI - Global supply chain resilience: Facts, rationales and responses JF - ECONOMIC AND POLITICAL STUDIES-EPS J2 - ECON POLIT STUD-EPS VL - 12 PY - 2024 IS - 3 SP - 345 EP - 361 PG - 17 SN - 2095-4816 DO - 10.1080/20954816.2024.2369419 UR - https://m2.mtmt.hu/api/publication/35314644 ID - 35314644 LA - English DB - MTMT ER - TY - JOUR AU - Lu, Dan AU - Mariscal, Asier AU - Mejia, Luis -Fernando TI - How firms accumulate inputs: Evidence from import switching JF - JOURNAL OF INTERNATIONAL ECONOMICS J2 - J INT ECON VL - 148 PY - 2024 PG - 17 SN - 0022-1996 DO - 10.1016/j.jinteco.2023.103847 UR - https://m2.mtmt.hu/api/publication/34948573 ID - 34948573 LA - English DB - MTMT ER - TY - JOUR AU - Meleshchuk, Sergii AU - Timmer, Yannick TI - The price of capital goods, investment and labour: Micro-evidence from a trade liberalization JF - CANADIAN JOURNAL OF ECONOMICS / REVUE CANADIENNE D ECONOMIQUE J2 - CAN J ECON VL - 57 PY - 2024 IS - 3 SP - 799 EP - 835 PG - 37 SN - 0008-4085 DO - 10.1111/caje.12722 UR - https://m2.mtmt.hu/api/publication/35314637 ID - 35314637 LA - English DB - MTMT ER - TY - JOUR AU - Meng, Fei AU - Yang, Jun AU - Xu, Xiaohui AU - Li, Yuting TI - Does better regulatory institutions always enhance the productivity effects of services trade liberalization ? JF - HELIYON J2 - HELIYON VL - 10 PY - 2024 IS - 15 PG - 14 SN - 2405-8440 DO - 10.1016/j.heliyon.2024.e34879 UR - https://m2.mtmt.hu/api/publication/35314641 ID - 35314641 LA - English DB - MTMT ER - TY - JOUR AU - Mo, Jiawei AU - Zhang, Zhe TI - Neighboring capital imports and non-importer productivity: Evidence from geocoded manufacturing firms in China☆ ☆ JF - JOURNAL OF URBAN ECONOMICS J2 - J URBAN ECON VL - 143 PY - 2024 PG - 16 SN - 0094-1190 DO - 10.1016/j.jue.2024.103692 UR - https://m2.mtmt.hu/api/publication/35314634 ID - 35314634 LA - English DB - MTMT ER - TY - JOUR AU - Mulugeta, Eyayu Tesfaye AU - Soederbom, Mans TI - Imported inputs and firm productivity. does foreign ownership matter? TS - does foreign ownership matter? JF - INTERNATIONAL ECONOMICS AND ECONOMIC POLICY J2 - INT ECON ECON POL VL - 21 PY - 2024 SP - 685 EP - 704 PG - 20 SN - 1612-4804 DO - 10.1007/s10368-024-00618-8 UR - https://m2.mtmt.hu/api/publication/34948564 ID - 34948564 LA - English DB - MTMT ER - TY - JOUR AU - Owusu, Solomon TI - Global value chains and aggregate productivity growth in developing countries: the role of intra-sectoral allocation and structural change JF - REVIEW OF WORLD ECONOMICS J2 - REV WORLD ECON PY - 2024 PG - 31 SN - 1610-2878 DO - 10.1007/s10290-024-00550-8 UR - https://m2.mtmt.hu/api/publication/35314642 ID - 35314642 LA - English DB - MTMT ER - TY - JOUR AU - Paudel, Nawaraj S. AU - Lahiri, Sajal TI - The effects of state-level foreign manufacturing imports on domestic inter-state and intra-state sales in the U.S.A JF - ECONOMIC ANALYSIS AND POLICY J2 - ECON ANALYS POLICY VL - 81 PY - 2024 SP - 297 EP - 305 PG - 9 SN - 0313-5926 DO - 10.1016/j.eap.2023.11.037 UR - https://m2.mtmt.hu/api/publication/34616202 ID - 34616202 AB - United States is the largest importer of goods in the world. Imports of capital goods, industrial machinery, and automotive parts account around 90 percent of total imports. Imports of intermediate inputs are often the catalyst for increased domestic economic growth. Using the well-known structural gravity model and Commodity Flow Survey (CFS) data on domestic trade in the United States for the years 1993, 1997, 2002, 2007, 2012 and 2017, we analyze the impact of foreign imports of manufacturing goods by the states on their domestic sales: both intra-state and inter-state sales. We find fairly strong support for our hypothesis that foreign imports by a state promote both sales to itself and to other states; but the effect is stronger for inter-state sales than to intra-state sales. We carry out a series of robustness checks, and the qualitative results remain the same. The results of this paper has important policy implications and suggest that elimination of the transaction costs in international trade are likely to have positive effect on the U.S. economy. LA - English DB - MTMT ER - TY - JOUR AU - Pena, Jennifer AU - Prades, Elvira TI - International sourcing during COVID-19: How did Chilean firms fare? JF - Latin American Journal of Central Banking J2 - Latin American Journal of Central Banking VL - 5 PY - 2024 IS - 1 PG - 29 SN - 2666-1438 DO - 10.1016/j.latcb.2023.100117 UR - https://m2.mtmt.hu/api/publication/35314629 ID - 35314629 LA - English DB - MTMT ER - TY - JOUR AU - Schiersch, Alexander AU - Bertschek, Irene AU - Niebel, Thomas TI - To diversify or not? The link between global sourcing of ICT goods and firm performance JF - ECONOMICS OF INNOVATION AND NEW TECHNOLOGY J2 - ECON INNOVAT NEW TECH PY - 2024 PG - 23 SN - 1043-8599 DO - 10.1080/10438599.2024.2309675 UR - https://m2.mtmt.hu/api/publication/34616196 ID - 34616196 AB - We analyse variation in firm performance as a function of the international diversification of ICT imports by firms. Drawing on administrative data from 2010 and 2014 on nearly 4000 German manufacturing firms, we find that firms with ICT sourcing that is diversified across multiple countries perform better than similar, less-diversified firms. This finding holds true for two performance metrics (value added and gross operational surplus) as well as for two indicators of diversification. Our paper thus contributes to deliberations on Europe's digital sovereignty. LA - English DB - MTMT ER - TY - JOUR AU - Seker, Murat AU - Ulu, Mehmet Fatih AU - Rodriguez-Delgado, Jose Daniel TI - Imported intermediate goods and product innovation JF - JOURNAL OF INTERNATIONAL ECONOMICS J2 - J INT ECON VL - 150 PY - 2024 PG - 20 SN - 0022-1996 DO - 10.1016/j.jinteco.2024.103927 UR - https://m2.mtmt.hu/api/publication/34948560 ID - 34948560 LA - English DB - MTMT ER - TY - JOUR AU - Shang, Lijing AU - Aman, Saiful AU - Rahmat, Abdulkhabir TI - Upstream Dependence of China's High-End Manufacturing Sector on the International Market JF - THE CHINESE ECONOMY: TRANSLATION AND STUDIES J2 - CHIN ECON PY - 2024 PG - 20 SN - 1097-1475 DO - 10.1080/10971475.2024.2392457 UR - https://m2.mtmt.hu/api/publication/35314636 ID - 35314636 LA - English DB - MTMT ER - TY - JOUR AU - Shen, Zhiyang AU - Wang, Songkai AU - Liu, Su TI - Enhancing Enterprise Integration: Analyzing the Impacts of the Belt and Road Initiative on High-Quality Development in the People's Republic of China JF - ASIAN DEVELOPMENT REVIEW: STUDIES OF ASIAN AND PACIFIC ECONOMIC ISSUES J2 - ASIAN DEV REV STUD ASIAN PAC ECON ISSUES VL - 41 PY - 2024 IS - 01 PG - 30 SN - 0116-1105 DO - 10.1142/S0116110524500045 UR - https://m2.mtmt.hu/api/publication/34948561 ID - 34948561 LA - English DB - MTMT ER - TY - JOUR AU - Shi, Xiaojing AU - Zeng, Rui TI - Do supply chain shocks affect technological sophistication of exporting? Evidence from China's anti-dumping measures on intermediate products ☆ JF - ECONOMIC ANALYSIS AND POLICY J2 - ECON ANALYS POLICY VL - 83 PY - 2024 SP - 314 EP - 332 PG - 19 SN - 0313-5926 DO - 10.1016/j.eap.2024.06.015 UR - https://m2.mtmt.hu/api/publication/35314645 ID - 35314645 LA - English DB - MTMT ER - TY - JOUR AU - Szymczak, Sabina TI - The impact of global value chains on wages, employment, and productivity: a survey of theoretical approaches JF - JOURNAL FOR LABOUR MARKET RESEARCH J2 - J LABOUR MARKET RES VL - 58 PY - 2024 IS - 1 PG - 25 SN - 2510-5019 DO - 10.1186/s12651-024-00367-w UR - https://m2.mtmt.hu/api/publication/35314649 ID - 35314649 LA - English DB - MTMT ER - TY - JOUR AU - Verma, Priyam TI - Optimal Infrastructure after Trade Reform in India JF - JOURNAL OF DEVELOPMENT ECONOMICS J2 - J DEV ECON VL - 166 PY - 2024 PG - 18 SN - 0304-3878 DO - 10.1016/j.jdeveco.2023.103208 UR - https://m2.mtmt.hu/api/publication/34616205 ID - 34616205 AB - Lower tariffs typically raise productivity, production, and trade, increasing the benefits from building infrastructure. Infrastructure spending by governments should therefore increase after countries open up to trade. I test this hypothesis empirically using a trade reform in India and find that a 1 percentage point reduction in tariffs increased states' infrastructure spending by 0.5% between 1991 and 2001. To understand the mechanisms behind my empirical findings, I develop and calibrate a multi-region model of international trade, private capital accumulation, and infrastructure spending, in which each government chooses such spending to maximize their state's welfare. I find if governments choose infrastructure following the reform optimally, infrastructure would have increased by 60% on average. The actual increase, based on my empirical findings, was about 29%. Counterfactual exercises show that raising aggregate infrastructure towards its optimal following the trade reform will result in state GDP to increase by 7% points on average. LA - English DB - MTMT ER - TY - JOUR AU - Vijil, Mariana AU - Wagner, Laurent AU - Woldemichael, Martha Tesfaye TI - Import Uncertainty and Export Dynamics JF - WORLD BANK ECONOMIC REVIEW J2 - WORLD BANK ECON REV VL - 38 PY - 2024 IS - 1 SP - 24 EP - 50 PG - 27 SN - 0258-6770 DO - 10.1093/wber/lhad043 UR - https://m2.mtmt.hu/api/publication/34616203 ID - 34616203 AB - A supply chain is only as strong as its weakest link. Firms are constantly managing uncertainties, including unexpected delays in the provision of a critical input that can slow down or halt the production process, possibly making the manufacturer miss a delivery deadline. As most exporters are also importers of intermediate goods, supply chain unreliability related to import processing times at the border could impact downstream export dynamics. The role of unpredictability in border-clearance times for imports in manufacturing firms' entry, exit, and survival in export markets is investigated using the PPML estimator on a rich dataset built on firm-level information for 48 developing countries over 2006-2014. Uncertainty in the time to clear imported inputs impacts neither the entry nor the exit rate, but translates into lower survival rates for new exporters, reducing the number of firms that continue serving the foreign market beyond their first year of entry. This effect grows larger over time, owing to rising reputational costs to input-importing exporters and is mainly driven by South-North trade, possibly reflecting the time-sensitivity of buyers in developed countries. Results also reveal heterogeneous effects across export industries, and the mediating role of sunk costs of entry in foreign markets, which attenuate the negative effect of uncertainty on survival rates as firms delay exiting the export market. LA - English DB - MTMT ER - TY - JOUR AU - Wang, Xuefeng AU - Zhu, Ling AU - Liu, Haiyun TI - Effects of foreign direct investment in services on input imports of manufacturing firms. Evidence from China TS - Evidence from China JF - REVIEW OF INTERNATIONAL ECONOMICS J2 - REV INT ECON VL - 32 PY - 2024 IS - 3 SP - 1434 EP - 1461 PG - 28 SN - 0965-7576 DO - 10.1111/roie.12741 UR - https://m2.mtmt.hu/api/publication/34948572 ID - 34948572 LA - English DB - MTMT ER - TY - JOUR AU - Wu, Huaqing AU - Wang, Ling AU - Peng, Fei TI - Land price regulation and firms' global value chain position: Evidence from China JF - CHINA ECONOMIC REVIEW J2 - CHINA ECON REV VL - 85 PY - 2024 PG - 26 SN - 1043-951X DO - 10.1016/j.chieco.2024.102187 UR - https://m2.mtmt.hu/api/publication/35314650 ID - 35314650 LA - English DB - MTMT ER - TY - JOUR AU - Xu, Yaozhi AU - Fan, Jiakang AU - Hua, Ying TI - The Impact of Trade Credit on Global Value Chain Position: Evidence from Chinese Manufacturing Firms JF - EMERGING MARKETS FINANCE AND TRADE J2 - EMERG MARK FINANC TR PY - 2024 PG - 16 SN - 1540-496X DO - 10.1080/1540496X.2024.2401452 UR - https://m2.mtmt.hu/api/publication/35314627 ID - 35314627 LA - English DB - MTMT ER - TY - JOUR AU - Yuan, Liu AU - Chen, Shaoming AU - Wang, Yufang TI - Digital product import and domestic value-added ratio of export: Theory and demonstration JF - HELIYON J2 - HELIYON VL - 10 PY - 2024 IS - 9 PG - 13 SN - 2405-8440 DO - 10.1016/j.heliyon.2024.e30358 UR - https://m2.mtmt.hu/api/publication/34948553 ID - 34948553 LA - English DB - MTMT ER - TY - JOUR AU - Yue, Wen TI - Human capital and domestic value added in exports. evidence from China TS - evidence from China JF - APPLIED ECONOMICS J2 - APPL ECON VL - 56 PY - 2024 IS - 29 SP - 3533 EP - 3547 PG - 15 SN - 0003-6846 DO - 10.1080/00036846.2023.2206631 UR - https://m2.mtmt.hu/api/publication/33902910 ID - 33902910 AB - Based on the data of Chinese manufacturing firms from 2000 to 2006, this study takes the university enrolment expansion policy implemented by the Chinese government in 1999 as a quasi-natural experiment, and uses the difference-in-difference (DID) method to identify the effect of human capital expansion on the ratio of domestic value added in exports to gross exports (DVAR) of firms. Results show that human capital expansion significantly improves the firms' DVAR through the 'intermediate product substitution' channel (promoting firms to use more domestic intermediate inputs to replace imported intermediate inputs in production) and the 'markup' channel (promoting the increase of firms' markup). At the same time, significant heterogeneity exists in the effects of human capital expansion on the DVAR of different types of firms. These results provide new empirical evidence from the perspective of firm DVAR for further understanding of the microeconomic effects of human capital. LA - English DB - MTMT ER - TY - JOUR AU - Zhang, Chonghui AU - Yuan, Lingjing AU - Yu, Xiao AU - Chen, Xiaohua TI - The linkage misalignment of productive services and firms' domestic value-added ratio--Evidence from Chinese micro-firm data JF - TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE J2 - TECHNOL FORECAST SOC VL - 199 PY - 2024 PG - 14 SN - 0040-1625 DO - 10.1016/j.techfore.2023.123085 UR - https://m2.mtmt.hu/api/publication/34616198 ID - 34616198 AB - Promoting the deep integration of advanced manufacturing and modern service industries is essential for enhancing the competitiveness of manufacturing enterprises, cultivating a modern industrial system, and achieving high-quality, sustainable development; however, the low allocation efficiency of productive service resources has led to an extremely limited, long-term process in enhancing China's manufacturing industries' competitiveness. Based on scientific quantification of productive service linkage, this study uses micro level data from China to empirically test its impact and mechanism on the domestic value-added ratio of enterprises' exports. The results reveal a relatively high degree of mismatch of productive service input in China, which primarily reduces enterprises' domestic value-added ratio through import induced and markup reducing effects. The conclusions remain highly consistent across benchmark regression and further robustness tests, including instrumental variable estimation and a quasi-natural experiment. Further analysis reveals that enterprises in regions with a higher degree of marketization, firms facing tighter financing constraints, those with smaller gaps from the technology frontier, and enterprises in industries with comparative advantages are more easily influenced by productive services linkage misalignment. Finally, this study proposes targeted policy recommendations based on the research findings. LA - English DB - MTMT ER - TY - JOUR AU - Zhang, Lin AU - Kejzar, Katja Zajc AU - Shang, Yuhong AU - Liao, Jia TI - Sourcing Inputs from China for Central and Eastern European Countries' Exports JF - CHINA-AN INTERNATIONAL JOURNAL J2 - CHINA INT J VL - 22 PY - 2024 IS - 1 SP - 85 EP - 110 PG - 26 SN - 0219-7472 UR - https://m2.mtmt.hu/api/publication/34948571 ID - 34948571 LA - English DB - MTMT ER - TY - JOUR AU - Zhuo, Qianru AU - Qin, Libin AU - Liu, Wei AU - Liu, Ying AU - You, Jiaxing TI - Supply chain risks and geographical supplier distribution strategy JF - ACCOUNTING AND FINANCE J2 - ACCOUNT FINANC PY - 2024 PG - 41 SN - 0810-5391 DO - 10.1111/acfi.13285 UR - https://m2.mtmt.hu/api/publication/35314646 ID - 35314646 LA - English DB - MTMT ER - TY - JOUR AU - Agostino, Mariarosaria AU - Giunta, Anna AU - Ruberto, Sabrina AU - Scalera, Domenico TI - Global value chains and energy-related sustainable practices. Evidence from Enterprise Survey data JF - ENERGY ECONOMICS J2 - ENERG ECON VL - 127 PY - 2023 PG - 13 SN - 0140-9883 DO - 10.1016/j.eneco.2023.107068 UR - https://m2.mtmt.hu/api/publication/34616209 ID - 34616209 AB - Participation in global value chains (GVCs) can affect the deployment of clean energy technologies and influence firm-level energy management. However, the sign of this influence is debated, especially for less developed economies, since GVCs can favor the absorption of more advanced technologies and the adoption of greener energy practices, but on the other hand they can help export polluting productions from countries with strict environmental regulations to weakly regulated developing countries. Drawing on Enterprise Surveys conducted in 2018-2020 on a large cross-section of firms operating in different industries and countries, and applying regression analyses and propensity score matching, this is the first firm-level study aiming to shed light on the relationship between firm participation in GVCs and the adoption of energy-related sustainable practices. In addition, the analysis allows for a heterogeneous impact of GVCs, conditional on firms' characteristics and external conditions, such as institutional quality. Overall, we find that participation in GVCs is positively associated with firm propensity to adopt green energy practices. For smaller and younger firms, operating in poorer institutional contexts, and/or less endowed in terms of human capital or financial resources, being engaged in GVCs has milder effects on the adoption of greener practices. By contrast, manufacturing companies located in high-income countries are those showing the strongest impact of GVCs on energy management. LA - English DB - MTMT ER - TY - JOUR AU - Alessandria, George AU - Johnson, Robert C. AU - Yi, Kei-Mu TI - Perspectives on trade and structural transformation JF - OXFORD DEVELOPMENT STUDIES J2 - OXFORD DEV STUD VL - 51 PY - 2023 IS - 4 SP - 455 EP - 475 PG - 21 SN - 1360-0818 DO - 10.1080/13600818.2023.2279665 UR - https://m2.mtmt.hu/api/publication/34616208 ID - 34616208 AB - This paper surveys macroeconomic and microeconomic perspectives on the role of international trade in structural transformation. We start by describing canonical frameworks that have been used to quantify how trade influences sectoral shares of employment and value added. We then pivot to survey micro-empirical evidence on the impact of changes in trade on the allocation of labor across sectors and productivity at the firm level. In this, we put special emphasis on the role of participation in global value chains and inward foreign direct investment in mediating these effects. Next, we evaluate evidence on the barriers to trade faced by low-income countries, with special attention to recent work that measures these costs taking firm dynamics into account. We conclude by discussing how these micro-perspectives can be integrated into macro models to advance our understanding of structural change. LA - English DB - MTMT ER - TY - JOUR AU - Alfaro, Laura AU - Cunat, Alejandro AU - Fadinger, Harald AU - Liu, Yanping TI - The Real Exchange Rate, Innovation, and Productivity JF - JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION J2 - J EUR ECON ASSOC VL - 21 PY - 2023 IS - 2 SP - 637 EP - 689 PG - 53 SN - 1542-4766 DO - 10.1093/jeea/jvac058 UR - https://m2.mtmt.hu/api/publication/33902919 ID - 33902919 AB - We build a dynamic heterogeneous-firm model in which real depreciations raise export demand and the cost of importing intermediates, and also affect borrowing constraints and the profitability of engaging in research and development (R&D). A number of stylized facts on manufacturing firms for a large set of countries discipline our estimation: Firms in emerging East Asia are very export oriented and rely little on imported intermediates, whereas the opposite holds for Latin America and Eastern Europe; firms from industrialized countries export as much as they import. Exporters experience an increase in cash flow, R&D, and productivity growth in response to real exchange rate (RER) depreciations; importers experience the opposite outcomes. In counterfactual simulations of temporary RER movements, the effects on innovation and productivity growth are heterogeneous across regions, sizeable and persistent. In emerging Asia, real depreciations are associated with higher probabilities to engage in R&D, faster growth of average firm-level productivity and cash flow, and higher export entry rates; we find negative average effects on these outcomes for firms in other emerging economies, and no significant average effects for firms in industrialized economies. LA - English DB - MTMT ER - TY - JOUR AU - Altun, Abdullah AU - Avsar, Ilker Ibrahim AU - Turan, Taner AU - Yanikkaya, Halit TI - Does global value chain participation boost high technology exports? JF - JOURNAL OF INTERNATIONAL DEVELOPMENT J2 - J INT DEV VL - 35 PY - 2023 IS - 5 SP - 820 EP - 837 PG - 18 SN - 0954-1748 DO - 10.1002/jid.3708 UR - https://m2.mtmt.hu/api/publication/33248716 ID - 33248716 AB - This study examines the role of global value chain (GVC) participation in high technology exports using data over 120 countries during the 1995-2019 period. Our results suggest that GVC participation matters for high-tech exports. While GVC participation with higher income countries is significantly associated with high-tech exports, GVC participation with lower income countries has no effect. However, regardless of the origin countries, high-tech GVC participation raises high-tech exports. Moreover, GVC participation has a positive impact on high-tech exports to lower income countries. Finally, we present evidence that the determinants of high-tech exports vary by the income level of destination countries. LA - English DB - MTMT ER - TY - JOUR AU - Altun, Abdullah AU - Turan, Taner AU - Yanikkaya, Halit TI - Do Turkish firms benefit from GVC participation? JF - INTERNATIONAL JOURNAL OF EMERGING MARKETS J2 - INT J EMERG MARKET PY - 2023 PG - 25 SN - 1746-8809 DO - 10.1108/IJOEM-02-2022-0334 UR - https://m2.mtmt.hu/api/publication/33902908 ID - 33902908 AB - PurposeThe study evaluates the effects of GVC participation on firm productivity and profitability. Hence this study aims to find evidence whether there is a clear difference between the productivity and profitability effects of simple and complex backward and forward participations for Turkish firms.Design/methodology/approachThe authors employ a firm level data from the Turkiye's both first and second top 500 industrial enterprises from 1993 to 2019. In addition, the authors calculate country-sector level both backward and forward GVC participation indices with their simple and complex sub-indices for each year from 1990 to 2015 from the Full Eora data of the Eora Global Supply Chain Database. The authors estimate the model with OLS and fixed effects. To understand the role of the 2008 global crisis, the authors also undertake estimations for the pre-crisis and post-crisis. The authors also divide the data by R&D intensity of sectors.FindingsWhile backward GVC participation lowers both labor productivity and profitability growth, forward GVC participation promotes both. Moreover, simple and complex backward participation have similarly negative effects on productivity and profitability growth, simple and complex forward participation have the completely opposite effects though. The authors then provide substantial evidence for the differing effects of participation on productivity and profitability growth between pre-crisis and post-crisis periods. Interestingly, backward participation has a negative impact for both hi-tech and low-tech firms while forward participation boosts the productivity growth only for low-tech firms, probably due to the relatively more upstream position of low-tech firms.Originality/valueTo the best of the knowledge, no previous study has yet examined the profitability effects of GVC for firms. Second, in addition to overall backward and forward GVC participation rates, the authors also calculate and utilize simple and complex GVC measures in the estimations. Third, to reveal whether the global financial crisis leads to a shift in the productivity and profitability effects of GVCs, the authors separately run the regressions for the pre- and post-crisis periods. Fourth, the authors then investigate the argument that hi-tech sectors/firms could benefit more from joining GVCs compared to firms in low-tech technology sectors. LA - English DB - MTMT ER - TY - JOUR AU - Ara, Tomohiro TI - Two-sided heterogeneity. New implications for input trade TS - New implications for input trade JF - REVIEW OF INTERNATIONAL ECONOMICS J2 - REV INT ECON VL - 31 PY - 2023 IS - 3 SP - 1032 EP - 1067 PG - 36 SN - 0965-7576 DO - 10.1111/roie.12652 UR - https://m2.mtmt.hu/api/publication/33902923 ID - 33902923 AB - This article develops a heterogeneous firm model to analyze selection effects at different production stages on trade-induced intra-industry resource reallocations. Using a two-country symmetric setting in which both inputs and final goods are costly to trade subject to selection, we show that the trade elasticity of intermediate goods is endogenously greater than that of final goods due to an extra adjustment in the extensive margin. We also show that the welfare gains from input trade liberalization are greater than those from output trade liberalization if and only if the domestic input share is smaller than the domestic output share. LA - English DB - MTMT ER - TY - JOUR AU - Braeuer, Richard AU - Mertens, Matthias AU - Slavtchev, Viktor TI - Import competition and firm productivity. Evidence from German manufacturing TS - Evidence from German manufacturing JF - WORLD ECONOMY J2 - WORLD ECON VL - 46 PY - 2023 IS - 8 SP - 2285 EP - 2305 PG - 21 SN - 0378-5920 DO - 10.1111/twec.13409 UR - https://m2.mtmt.hu/api/publication/33902906 ID - 33902906 AB - We study how different types of import competition affect firm productivity using firm-product data from German manufacturing (2000-2014). Competition from high-income countries causes affected domestic firms to increase their productivity and lower their prices. Oppositely, import competition from low-wage countries does not lead to firm productivity gains. Instead, domestic firms' sales and input usage decline. Our findings confirm the intuition of ladder models that the effect of competition depends on the "closeness" of competitors. They are in line with widespread X-inefficiencies throughout the economy, which firms reduce in response to competition from high-income countries. LA - English DB - MTMT ER - TY - JOUR AU - Cai, Meng AU - Li, Dan AU - Jin, Jiaming AU - Cui, Luoyuan TI - The carbon footprint of global trade: Assessing the impact of trade liberalization on the carbon emissions of Chinese listed companies JF - NATURAL RESOURCES FORUM J2 - NAT RESOUR FORUM PY - 2023 PG - 21 SN - 0165-0203 DO - 10.1111/1477-8947.12371 UR - https://m2.mtmt.hu/api/publication/34616204 ID - 34616204 AB - There is growing concern about the relationship between carbon emissions and trade liberalization. Have carbon emissions been affected by trade liberalization? To what extent has it been affected? To answer this question, we creatively constructed a dataset of Chinese listed companies and its re-appraisal, using the difference-in-difference method to investigate the impact of trade liberalization on carbon emissions at the micro level. Our results show that WTO accession leads to lower carbon emission intensity for Chinese exporters engaged in general trade compared to those engaged in processing trade, which are not directly affected by China's WTO accession. In other words, trade liberalization is beneficial for the reduction of carbon emissions and sustainable development. We also test the robustness of our results. In addition, we decompose the question of how trade liberalization affects companies' carbon emissions into research and development mechanism and productivity mechanism for analysis. Our study refines the model of carbon emission and trade issues by incorporating company import indicators and carbon emission indicators into the company production model. It also has important policy implications. Green trade and reduce carbon emissions should be advocated when developing the economy through trade liberalization. LA - English DB - MTMT ER - TY - JOUR AU - Cai, Meng AU - Cui, Riming AU - Li, Dan TI - The role of imports in reducing emissions: evidence from Chinese listed companies JF - ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY J2 - ENVIRON DEV SUSTAIN PY - 2023 PG - 24 SN - 1387-585X DO - 10.1007/s10668-023-03901 UR - https://m2.mtmt.hu/api/publication/34293417 ID - 34293417 AB - Does international trade affect the environment while promoting economic growth? This question has received increasing attention in recent years. Previous research on the trade-environment relationship has mostly focused on the macro- and export levels. In this paper, we develop a theoretical model from a micro-perspective, creatively constructed a dataset of Chinese listed companies, and use the propensity score matching (PSM) method to conduct empirical tests to investigate the impact of companies' import behavior on environmental performance at the micro-level. Our study shows that companies that import intermediate goods are more environmentally friendly and validates the robustness of this result. Furthermore, we discuss the potential mechanisms that affect pollution emissions. This paper also has important policy implications that policymakers should consider reducing import tariffs on intermediate goods, thereby reducing import costs for enterprises and promoting green trade. Business owners should develop rational production strategies, strengthen technological innovation, establish social responsibility, and improve the environmental performance of their companies. LA - English DB - MTMT ER - TY - JOUR AU - Camino-Mogro, Segundo AU - Carrillo-Maldonado, Paul TI - Do imports of intermediate inputs generate higher productivity? Evidence from Ecuadorian manufacturing firms JF - WORLD ECONOMY J2 - WORLD ECON VL - 46 PY - 2023 IS - 5 SP - 1471 EP - 1521 PG - 51 SN - 0378-5920 DO - 10.1111/twec.13343 UR - https://m2.mtmt.hu/api/publication/33248718 ID - 33248718 AB - This paper examines the causal effect of importing on firm productivity. We use an augmented Cobb-Douglas production function in which the static and dynamic effects of importing and exporting are estimated for formal manufacturing firms in Ecuador. We use a rich administrative data set that covers the period 2007-2018 and estimate total factor productivity (TFP) at the firm level. Our results show that both static and dynamic effects are important sources of gains from importing. We find that static and dynamic gains in productivity from importing intermediates are higher in more innovative industries than in less innovative industries, which implies an industrial heterogeneity effect. We also find that the elasticity of substitution between imported and domestic intermediates in all the industries are substitute inputs. Finally, we provide robust evidence in favour of self-selection on the entry and exit side sides of the market. Our estimation results provide support to the learning-by-importing hypothesis. LA - English DB - MTMT ER - TY - JOUR AU - Cheong, Inkyo AU - Lim, Byeongho AU - Ryu, Yeri TI - Containing China versus Choking the Asian Economy JF - JOURNAL OF KOREA TRADE J2 - J KOREA TRADE VL - 27 PY - 2023 IS - 5 PG - 206 SN - 1229-828X DO - 10.35611/jkt.2023.27.5.137 UR - https://m2.mtmt.hu/api/publication/34616200 ID - 34616200 AB - Purpose - Although many existing studies on the US-China hegemonic conflict and decoupling have been published, most of them are qualitative and use descriptive analysis methods. Papers that quantitatively analyzed decoupling mainly estimate the effect of a tariff increase. However, this paper quantitatively analyzed the ripple effect by focusing on decoupling technology spillover between the United States and China. And, for the first time, it was suggested that the blocking of technology spillover could give a fatal blow to the East Asian economy as well as China. Design/methodology - The United States is pursuing decoupling with China, primarily in goods trade and blocking technology transfer. This paper sets up various scenarios and uses three computational general equilibrium (CGE) models to analyze the overall ripple effects of decoupling. A paper using the three CGE models for decoupling ripple effect analysis has not yet been published. Findings - Decoupling will hit the economies of regions with close economic ties to China more than others. According to simulation results of this study, the Chinese economy may suffer severe damage that is difficult to recover from, and the economies of Asian countries are predicted to deteriorate to the point of being choked. Originality/value - Existing papers that assessed the effect of decoupling mostly focus on estimating the effect itself through tariff hikes. This paper is meaningful in that it comprehensively analyzed decoupling by adding the effect of technology spillover blockade. In addition, another meaning can be found in that it quantified for the first time that it will deal a huge blow to the extent of choking the East Asian as well as China. LA - English DB - MTMT ER - TY - JOUR AU - Copestake, Alexander AU - Zhang, Wenzhang TI - Inputs, networks and quality-upgrading: Evidence from China in India JF - CHINA ECONOMIC REVIEW J2 - CHINA ECON REV VL - 77 PY - 2023 PG - 37 SN - 1043-951X DO - 10.1016/j.chieco.2022.101891 UR - https://m2.mtmt.hu/api/publication/33902920 ID - 33902920 AB - This paper exploits China's accession to the WTO to investigate the impact of a supply shock on quality across the Indian production network. After controlling for increased import competition, including in downstream and third-country markets, and for new export opportunities, we find that a fall in input tariffs raises revenue, quality and prices, whilst lowering quality-adjusted prices and the probability of product exit - consistent with a simple model of multi-product manufacturers gaining access to higher-quality components. Upgrading persists for at least ten years; at the peak in 2010, products with a 10% higher pre-accession input tariff, and hence a larger post-accession fall in tariffs, have 5.3% higher quality. This in turn raises quality further down the supply chain, with input-output linkages amplifying the one-step effect by up to 75%. These results highlight a potential beneficial impact of the "China shock" in developing countries, namely supply-driven quality upgrading. LA - English DB - MTMT ER - TY - JOUR AU - Dayan, Mumin AU - Leung, Frank Yat Cheong AU - Ozer, Muammer TI - Role of imported raw materials in the performance of inward foreign direct investments in Ethiopia JF - INTERNATIONAL JOURNAL OF EMERGING MARKETS J2 - INT J EMERG MARKET VL - 18 PY - 2023 IS - 12 SP - 5630 EP - 5654 PG - 25 SN - 1746-8809 DO - 10.1108/IJOEM-09-2020-1097 UR - https://m2.mtmt.hu/api/publication/33248756 ID - 33248756 AB - Purpose Drawing on the resource dependence theory (RDT), this paper investigates ownership composition, export intensity, and industry class as moderating factors to investigate the role of imported raw materials in performance of inward foreign direct investment (IFDI) in Ethiopia. Design/methodology/approach The hypotheses were tested using secondary data obtained from the 2016 Central Statistical Agency (CSA) on Large- and Medium-Scale Manufacturing and Electricity Industries Survey. The data included basic quantitative information on the country's manufacturing industry. The data items for the 2016 manufacturing and electricity industries surveyed are the numbers of proprietors or establishments involved in various sectors. The report did not record small firms that employed fewer than 10 people and did not use power-driven machinery. Two-Stage least squares (2SLS) regression analysis was performed to test the proposed hypotheses. Findings The results of this study indicate that three moderators (ownership composition, export intensity, and industry classification) interact with the hypothetical relationships between imported raw materials and performance. These findings enrich the knowledge of IFDI firms' operations in Ethiopia and in other least-developed countries (LDCs). The findings could provide information for IFDI firms that are looking to invest in LDCs. Research limitations/implications Like all social science research, this study has some limitations. First, the research was conducted with the data found in the Report on Large- and Medium-Scale Manufacturing and Electricity Industries Survey In 2016. This was the first year of the second five-year Growth and Transformation Plan (GTP II), a national development plan for the 2016-2020 period. Continual research on IFDI in Ethiopia in the following years will be needed to get a full picture of the effects of the determinants on IFDIs. Practical implications To IFDI investors, the result of this thesis demonstrates several alternatives to overcoming hurdles in manufacturing operation. The results find that J.V. firms make better use of imported raw materials than W.O. subsidiaries in order to achieve better performance. Concerning the choice between focusing on export or domestic markets, the study suggests that domestic market-oriented companies require less imported raw materials to achieve better performance. Concerning the comparative advantage on different industries, this study found the performance of firms in Industry 12 depended on imported raw materials. These findings highlight the challenges and opportunities for potential foreign investors. Ownership composition, market factors, and industry factors should be well considered in making investment decisions. Originality/value This is one of few studies on IFDI in Ethiopia, the most populous LDC. Ownership composition, export intensity, and industry class are used as moderating variables to investigate the difference between imported raw materials and the level of expatriate deployment to IFDI performance. For IFDI investors, the results of this study demonstrate several alternatives to overcoming hurdles in manufacturing operation. LA - English DB - MTMT ER - TY - JOUR AU - Del Prete, Davide AU - Di Maio, Michele AU - Rahman, Aminur TI - Firms amid conflict: Performance, production inputs, and market competition✩ JF - JOURNAL OF DEVELOPMENT ECONOMICS J2 - J DEV ECON VL - 164 PY - 2023 PG - 14 SN - 0304-3878 DO - 10.1016/j.jdeveco.2023.103143 UR - https://m2.mtmt.hu/api/publication/34293420 ID - 34293420 AB - We study the effect of conflict on firms' economic performance and the underlying mechanisms. We develop a simple theoretical framework in which conflict reduces a firm's output, induces input substitution, and increases firms' exit. In our empirical analysis, we combine an original dataset of Libyan firms and geolocalized data on conflict events during the Second Libyan Civil War to show that, in line with the predictions of the model, conflict reduces a firm's revenues and increases exit, relatively more for firms intensive in foreign inputs. We also document that, conditional on survival, the negative effect of conflict on revenues is nonlinear, with its marginal effect decreasing as conflict intensity increases. Two mechanisms drive this result: the heterogeneous conflict-induced reduction in the availability of production inputs and the weaker market competition due to the conflict-induced decrease in the number of a firm's competitors. LA - English DB - MTMT ER - TY - JOUR AU - Felbermayr, Gabriel AU - Mahlkow, Hendrik AU - Sandkamp, Alexander TI - Cutting through the value chain: the long-run effects of decoupling the East from the West JF - EMPIRICA J2 - EMPIRICA VL - 50 PY - 2023 IS - 1 SP - 75 EP - 108 PG - 34 SN - 0340-8744 DO - 10.1007/s10663-022-09561-w UR - https://m2.mtmt.hu/api/publication/33689155 ID - 33689155 AB - With ever-increasing political tensions between China and Russia on one side and the EU and the US on the other, it only seems a matter of time until protectionist policies cause a decoupling of global value chains. This paper uses a computable general equilibrium trade model calibrated with the latest version of the GTAP database to simulate the effect of such a decoupling–implemented by doubling non-tariff barriers–between the two blocks on trade and welfare. Imposing import barriers almost completely eliminates bilateral imports. In addition, changes in price levels lead to higher imports and lower exports of the imposing country group from and to the rest of the world. The targeted country group increases exports to the rest of the world and reduces imports. Welfare falls in all countries involved, suggesting that governments should strive to cooperate rather than turn away from each other. By imposing a trade war on Russia, the political West could inflict severe damage on the Russian economy because of the latter’s smaller relative economic size. LA - English DB - MTMT ER - TY - JOUR AU - Fernandes, Ana M. AU - Forero, Alejandro AU - Maemir, Hibret AU - Mattoo, Aaditya TI - Are trade preferences a Panacea? The export impact of the African growth and Opportunity Act q JF - WORLD DEVELOPMENT: THE MULTI-DISCIPLINARY INTERNATIONAL JOURNAL DEVOTED TO THE STUDY AND PROMOTION OF WORLD DEVELOPMENT J2 - WORLD DEV VL - 162 PY - 2023 PG - 20 SN - 0305-750X DO - 10.1016/j.worlddev.2022.106114 UR - https://m2.mtmt.hu/api/publication/33902922 ID - 33902922 AB - Does "infant industry" preferential access durably boost exports? Using country-product-year data for 1992-2017 and triple-differences regressions, we show that the African Growth and Opportunity Act (AGOA) enhanced apparel exports of African countries on average. But the impact leveled off after the Multi-Fiber Arrangement unleashed competition from Asian countries. Furthermore, the positive average impact masks regional heterogeneity: East Africa's late-bloomers offset Southern Africa's boom-bust pattern. Overall, we find little evidence that preferences durably boosted exports. (c) 2022 The World Bank. Published by Elsevier Ltd. LA - English DB - MTMT ER - TY - JOUR AU - Gebreamilack, Zenebech Admasu AU - Feng, Yin TI - Input Quality Upgrading from Tariff Reduction and Firm Productivity. Evidence from Ethiopian Manufacturing TS - Evidence from Ethiopian Manufacturing JF - Studies in Microeconomics J2 - Studies in Microeconomics VL - 11 PY - 2023 IS - 1 SP - 76 EP - 100 PG - 25 SN - 2321-0222 DO - 10.1177/23210222211024381 UR - https://m2.mtmt.hu/api/publication/32796435 ID - 32796435 LA - English DB - MTMT ER - TY - JOUR AU - Gilles, Enrique AU - Deaza, Javier AU - Vivas, Alejandro TI - The role of imported intermediates in productivity change JF - ECONOMIC SYSTEMS RESEARCH J2 - ECON SYST RES VL - 35 PY - 2023 IS - 2 SP - 211 EP - 227 PG - 17 SN - 0953-5314 DO - 10.1080/09535314.2022.2062301 UR - https://m2.mtmt.hu/api/publication/33248754 ID - 33248754 AB - We address the role of imported intermediates in productivity by applying a methodology that proposes an equivalence between input-output analysis and data envelopment analysis, and decomposes sectoral productivity gains into two factors: efficiency change and technical change. We illustrate this by using data for Spain in the 2008-2015 period with three levels of labor skills, capital, and twenty-eight industries, and compare the results of two different settings: one including only domestic intermediates and the other incorporating total (i.e. both domestic and imported) inputs. We find differential results regarding productivity, efficiency, and technical changes that are attributable to imported intermediates. We also find that the main drivers of productivity change are high-skilled labor and the manufacturing sector. Our results suggest the importance of both trade and educational policies that respectively foster international economic complementarities and promote higher qualification of labor. LA - English DB - MTMT ER - TY - JOUR AU - Gnangnon, Sena Kimm TI - Trade costs and tax transition reform in developing countries JF - Economics of Transition and Institutional Change J2 - Econ Transit VL - 31 PY - 2023 IS - 4 SP - 941 EP - 977 PG - 37 SN - 2577-6975 DO - 10.1111/ecot.12359 UR - https://m2.mtmt.hu/api/publication/33902917 ID - 33902917 AB - Developing countries are striving to reform their tax revenue structure to reduce its dependence on international trade tax revenue. The present study has investigated the effect of trade costs on this type of tax revenue structure reform (also referred in the present analysis to as 'Tax transition Reform'-TTR) through the trade openness channel in developing countries. The analysis has used a set of 124 countries over the period from 1996 to 2019 and several econometric estimators. It shows that higher overall trade costs (notably non-tariff costs) undermine the TTR process, notably in countries that enjoy high degrees of openness to international trade. In other words, countries that wish to pursue their TTR process, while concurrently further opening up their economies to international trade, have to reduce their trade costs. LA - English DB - MTMT ER - TY - JOUR AU - Gomleksiz, Mustafa TI - International Knowledge Spillovers and Economic Growth: New Evidence from High-Tech Imports and R&D Cooperation* JF - ISTANBUL IKTISAT DERGISI-ISTANBUL JOURNAL OF ECONOMICS VL - 73 PY - 2023 IS - 1 SP - 281 EP - 306 PG - 26 SN - 2602-4152 DO - 10.26650/ISTJECON2022-1195566 UR - https://m2.mtmt.hu/api/publication/34293423 ID - 34293423 AB - The diffusion of knowledge is an essential triggering factor in the phase of economic growth through externalities mostly based on R & D and innovations embodied in technological products or services. As a form of transmission, knowledge spillovers arising from an external source can emerge through various channels. This study investigates the effect of knowledge spillovers via high-tech imports and international R & D cooperation on long-run economic growth, in a panel of selected emerging and developing economies for the 1995-2019 period. Based on the results of second-generation econometric methods that take into account cross-section dependence and parameter heterogeneity, it is concluded that knowledge spillovers via high-tech imports are a prominent determinant of economic growth. The results also confirm the growth-enhancing effect of domestic knowledge stock as a measure of knowledge absorption capacity. However, it is deduced that knowledge spillovers via R & D cooperation have a weak and somewhat insignificant positive impact on economic growth, when ignoring the complementary relationship between incoming knowledge and the absorptive capacity of countries. Accordingly, the results indicate the essential role of increasing absorptive capacity in gains from R & D spillovers. Lastly, human capital seems to be decisive in the growth process. LA - English DB - MTMT ER - TY - JOUR AU - Gouel, Christophe AU - Jean, Sebastien TI - Love of variety and gains from trade JF - EUROPEAN ECONOMIC REVIEW J2 - EUR ECON REV VL - 158 PY - 2023 PG - 18 SN - 0014-2921 DO - 10.1016/j.euroecorev.2023.104558 UR - https://m2.mtmt.hu/api/publication/34293418 ID - 34293418 AB - We show analytically and quantitatively how gains from trade depend on love of variety, defined as the extent to which an additional product variety generates benefits in either final or intermediate consumption. To do this, we use a multi-country, multi-sector heterogeneous-firm gravity trade model where love of variety is parameterized separately from product substitutability using a generalized CES demand function. Counterfactual simulations based on a calibrated version of this model show that the gains from trade commonly vary by a proportion of one to three depending on the value of the love-of-variety elasticity. Trade war simulations also point to the strong sensitivity of the assessed impacts. We conclude that love of variety may be an important determinant of the gains from trade, an aspect that has so far been overlooked for the sake of convenience in the modeling framework and due to lack of empirical estimates. LA - English DB - MTMT ER - TY - JOUR AU - He, Yaxing AU - Shen, Yanan AU - Xie, Chi TI - Internal adjustment and digital transformation of intermediate inputs: Economic performance and environmental effects JF - JOURNAL OF CLEANER PRODUCTION J2 - J CLEAN PROD VL - 419 PY - 2023 PG - 14 SN - 0959-6526 DO - 10.1016/j.jclepro.2023.138155 UR - https://m2.mtmt.hu/api/publication/34245529 ID - 34245529 AB - 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. LA - English DB - MTMT ER - TY - JOUR AU - Hoarau, Jean-Francois AU - Lucic, Nicolas TI - Testing for the Imports-Led Growth and the Growth-Led Imports Hypotheses in Panels for the Small Island World JF - REVUE D ECONOMIE POLITIQUE J2 - REV ECON POLIT VL - 133 PY - 2023 IS - 4 SP - 569 EP - 600 PG - 32 SN - 0373-2630 DO - 10.3917/redp.334.0569 UR - https://m2.mtmt.hu/api/publication/34293411 ID - 34293411 AB - This article aims at analysing the empirical relationship between real merchandise imports per capita and real GDP per capita for a set of 17 affiliated and 35 sovereign small islands over the period 1970-2019. Noting the lack of long time series for GDP per capita contrary to imports per capita, the goal is to check whether real imports per capita could be considered as a good predictor for standards of living for the small islands world in accordance with the theoretical claims. To this regard, we test for the imports-led growth and the growth-led imports hypotheses by running in a panel data framework both the Toda-Yamamoto Granger causality test based on VAR modelling, and the Pooled Mean Group estimator based on ARDL modelling. Finally, bidirectional causality holds in the short and the long-run for the group of sovereign small islands, giving strong support to the two hypotheses. However, even if in the short-run bidirectional causality seems to exist, only the growth-led imports hypothesis is validated in the long-run for the affiliated small islands. Anyway, our results state that a high level of imports per capita could be considered as a good predictor for a high level of standards of living for small islands. LA - English DB - MTMT ER - TY - JOUR AU - Itakura, Ken AU - Lee, Hiro TI - Should the United States rejoin the Trans-Pacific trade deal? JF - INTERNATIONAL ECONOMICS AND ECONOMIC POLICY J2 - INT ECON ECON POL VL - 20 PY - 2023 SP - 235 EP - 255 PG - 21 SN - 1612-4804 DO - 10.1007/s10368-023-00559-8 UR - https://m2.mtmt.hu/api/publication/33902914 ID - 33902914 AB - Before the Trans-Pacific Partnership (TPP) was scheduled to enter into force, the United States withdrew from the trade accord. Eleven other TPP signatories decided to revive the agreement, which led to the implementation of the Comprehensive and Progressive Agreement for TPP (CPTPP). The objectives of this paper are threefold: (i) estimating economic welfare effects under alternative scenarios of the TPP/CPTPP, (ii) evaluating the extent of losses to the US from its withdrawal from TPP and expected gains from rejoining the Trans-Pacific trade accord, and (iii) examining whether the US economy would have to undergo extensive sectoral adjustments from its participation. To examine these issues, we employ a dynamic computable general equilibrium (CGE) model that incorporates agent-specific import preferences. The results suggest that the US loses an opportunity to gain approximately $100 billion per year in its long-run economic welfare by withdrawing from the TPP. However, it could recover most of its projected welfare gains by reengaging with the CPTPP. Since sectoral output adjustments in the US are relatively small, its adjustment costs from participation in the CPTPP would be limited. LA - English DB - MTMT ER - TY - JOUR AU - Ito, Keiko AU - Ikeuchi, Kenta AU - Criscuolo, Chiara AU - Timmis, Jonathan AU - Bergeaud, Antonin TI - Global value chains and domestic innovation JF - RESEARCH POLICY J2 - RES POLICY VL - 52 PY - 2023 IS - 3 PG - 22 SN - 0048-7333 DO - 10.1016/j.respol.2022.104699 UR - https://m2.mtmt.hu/api/publication/33902915 ID - 33902915 AB - This paper explores how changes in both position and participation in Global Value Chain (GVC) networks affect firm innovation. The analysis combines matched patent-firm data for Japan with measures of GVC network centrality and GVC participation using the OECD Inter-Country Input-Output (ICIO) Tables over the period from 1995 to 2011. We find that Japan's position in GVCs has shifted from being at the core of Asian value chains towards the periphery relative to other countries in the network, i.e., becoming less "central". We use China's accession to the World Trade Organization as an instrumental variable for changes in Japanese centrality. Our analysis shows that increases in Japanese sectors' forward centrality - i.e. as a key supplier -tend to be positively associated with increasing firms' patent applications in these sectors and that firms in key hubs within GVCs, specifically as key suppliers, appear to benefit from knowledge spillovers from downstream markets. LA - English DB - MTMT ER - TY - JOUR AU - Kang, Youngho AU - Whang, Unjung TI - Exporting and sourcing strategies JF - REVIEW OF INTERNATIONAL ECONOMICS J2 - REV INT ECON VL - 31 PY - 2023 IS - 4 SP - 1414 EP - 1441 PG - 28 SN - 0965-7576 DO - 10.1111/roie.12671 UR - https://m2.mtmt.hu/api/publication/33902912 ID - 33902912 AB - This study uses firm-level panel data for South Korea for the period 2006-2015, to investigate changes in firms' sourcing behaviors after these firms start exporting. The data studied includes detailed information on firms' export status, whether their purchases of intermediate inputs were domestic or from foreign markets, and whether the supplier firms were affiliated or non-affiliated. To estimate the effects of exporting on firms' sourcing strategies, we employ a difference-in-differences estimator with propensity score matching. The main finding is that participation in export markets leads to the increased use of intermediate inputs purchased from foreign suppliers; it also increases these firms' sourcing from affiliated parties relative to sourcing from non-affiliated suppliers. These changes in firms' sourcing compositions after their entry into export markets are mainly driven by purchasing rather than subcontracting. These findings point out that firms that newly participate in exporting tend to improve their product competitiveness by increasing the proportion of their intermediate inputs from foreign affiliates. It is also possible that these firms expanded their foreign networks after they begin export activities, and this plays a role in how and where they source their intermediate inputs. LA - English DB - MTMT ER - TY - JOUR AU - Kiss, Károly Miklós AU - Lőrincz, László AU - Csáfordi, Zsolt AU - Lengyel, Balázs TI - Related adjustment of firm production after demand shocks JF - PLOS ONE J2 - PLOS ONE VL - 18 PY - 2023 IS - 1 PG - 24 SN - 1932-6203 DO - 10.1371/journal.pone.0280461 UR - https://m2.mtmt.hu/api/publication/33577307 ID - 33577307 AB - Multiproduct firms often diversify into technologically related activities to exploit efficiencies of joint production; however, unrelated products in the company’s portfolio provide access to distinct markets and can help to avoid industry-specific shocks. Yet, the underlying mechanisms of related and unrelated diversification are still poorly understood. Here we investigate diversification decisions of firms in periods when corporations’ markets are hit by a demand shocks. In these times, cost efficiency considerations might drive firms to reduce costs by narrowing product portfolios and focusing on combinations of technologically related products, in which economies of scope and mutual capabilities can be exploited. To test this hypothesis, we consider two measures of demand shocks, decreasing sales volumes on the product market and increasing import competition; and analyze their association with changes of product portfolios of Hungarian firms in the 2003-2012 period. We find that production has become more coherent in terms of technological relatedness after firms were exposed to demand shocks. Evidence suggests related adjustment of firm production after demand shocks such that products unrelated to firms’ core product are dropped from the portfolio but related products are added. LA - English DB - MTMT ER - TY - JOUR AU - Kugler, Agnes AU - Reinstaller, Andreas AU - Friesenbichler, Klaus S. TI - Can value chain integration explain the diverging economic performance within the EU? JF - ECONOMIA E POLITICA INDUSTRIALE /JOURNAL OF INDUSTRIAL AND BUSINESS ECONOMICS J2 - ECON POL IND VL - 50 PY - 2023 IS - 1 SP - 25 EP - 47 PG - 23 SN - 0391-2078 DO - 10.1007/s40812-022-00236-y UR - https://m2.mtmt.hu/api/publication/33902926 ID - 33902926 AB - This paper studies the interplay of integration into EU value chains and industrial development measured by labour productivity. We focus on the mediating role of domestic institutions compared to technological determinants for the distribution of the economic value generated along the European and global value chains. Our integration indicator measures value chain trade within the Single Market relative to global value chain networks. Using a simultaneous equation model, we find an overall positive effect of integration on labour productivity, which is driven by upstream integration. While the effect of productivity on integration is positive, it decreases with increasing productivity levels. Highly productive industries rather seek global value chain trade than regional integration. Better domestic institutions facilitate EU integration, although they favour industries with less complex product portfolios and lower levels of knowledge cumulativeness. This creates politically unwanted specialisation effects leading to an unequal distribution of the economic value generated. LA - English DB - MTMT ER - TY - JOUR AU - Laajaj, Rachid AU - Eslava, Marcela AU - Kinda, Tidiane TI - The costs of bureaucracy and corruption at customs: Evidence from the computerization of imports in Colombia JF - JOURNAL OF PUBLIC ECONOMICS J2 - J PUBLIC ECON VL - 225 PY - 2023 PG - 14 SN - 0047-2727 DO - 10.1016/j.jpubeco.2023.104969 UR - https://m2.mtmt.hu/api/publication/34293414 ID - 34293414 AB - We assess the effects of the computerization of import transactions in Colombia on import volume, port efficiency and the performance of manufacturing firms. Staggered implementation allows us to identify the causal effects of the reform. We find that computerization triggered a significant increase in reported imports in reformed ports compared to nonreformed ones, along with a sizeable increase in tax collection. Our results indicate that a combination of factors underpin the increase in declared imports: an actual increase in firms' imports, a reduction in import underreporting and a redirection of imports from nonreformed to reformed ports that reveals importers' preference for the latter. Other signs of reduced corruption include increased predictability of clearance times and a reduction in the number of customs-related corruption cases prosecuted by the authorities. Importantly, increased imports lead to better firm performance: in municipalities associated with treated customs, sales of manufacturing firms increased by 5.2% for importers and shrunk by 3.9% for nonimporters. These effects increase over time and are concentrated in small- to medium-sized firms, which appear to have been the most affected by the nontariff barriers before computerization. LA - English DB - MTMT ER - TY - JOUR AU - Lafrogne-Joussier, Raphael AU - Martin, Julien AU - Mejean, Isabelle TI - Supply Shocks in Supply Chains. Evidence from the Early Lockdown in China TS - Evidence from the Early Lockdown in China JF - IMF ECONOMIC REVIEW J2 - IMF ECON REV VL - 71 PY - 2023 SP - 170 EP - 215 PG - 46 SN - 2041-4161 DO - 10.1057/s41308-022-00166-8 UR - https://m2.mtmt.hu/api/publication/33248748 ID - 33248748 AB - How do firms in global value chains react to input shortages? We examine micro-level adjustments to supply chain shocks, building on the Covid-19 pandemic as a case study. French firms sourcing inputs from China just before the early lockdown in the country experienced a relative drop in imports that increases from February to April 2020. This shock on input purchases transmits to the rest of the supply chain through exposed firm's domestic and export sales. Between February and June, firms exposed to the Chinese early lockdown experienced a 5.5% drop in domestic sales and a 5% drop in exports, in relative terms with respect to comparable non-exposed firms. The drop in foreign sales is entirely attributable to a lower volume of exports driven by a temporary withdrawal from occasional markets. We then dig into the heterogeneity of the transmission across treated firms. Whereas the ex-ante geographic diversification of inputs does not seem to mitigate the impact of the shock, firms with relatively high inventories have been able to absorb the supply shock better. LA - English DB - MTMT ER - TY - JOUR AU - Le, Quoc Thai AU - Tomasi, Chiara TI - Trade liberalization and firms' productivity in Vietnam. the role of local business environment TS - the role of local business environment JF - REGIONAL STUDIES J2 - REG STUD VL - 57 PY - 2023 IS - 9 SP - 1681 EP - 1713 PG - 33 SN - 0034-3404 DO - 10.1080/00343404.2022.2155297 UR - https://m2.mtmt.hu/api/publication/33902921 ID - 33902921 AB - This paper examines how frictions in the local business environment where firms operate alter the productivity gains from trade. Using Vietnamese firm-level data from 2006 to 2012, the analysis provides robust evidence of a positive effect of trade opening on firms' efficiency. However, distortions that operate through certain local market features in the form of unenforceable property rights, an ineffective land-titling system, bureaucratic hurdles and labour market frictions play a crucial role in the transmission of trade liberalization shocks. These findings have important policy implications because they suggest that complementary policies addressing local market constraints need to be implemented alongside trade reforms. LA - English DB - MTMT ER - TY - JOUR AU - Li, Can AU - He, Qi AU - Ji, Han AU - Yu, Shengguo AU - Wang, Jiao TI - Reexamining the Impact of Global Value Chain Participation on Regional Economic Growth: New Evidence Based on a Nonlinear Model and Spatial Spillover Effects with Panel Data from Chinese Cities JF - SUSTAINABILITY J2 - SUSTAINABILITY-BASEL VL - 15 PY - 2023 IS - 18 PG - 31 SN - 2071-1050 DO - 10.3390/su151813835 UR - https://m2.mtmt.hu/api/publication/34293416 ID - 34293416 AB - This study utilizes panel data drawn from 239 Chinese cities, and it employs fixed-effects models, mediation models, and spatial spillover models to reexamine the actual impact of the global value chain's (GVC) participation on regional economic growth. The findings reveal that this impact exhibits a U-shaped nonlinear pattern, with the turning point of GVC occurring at 0.45, which is higher than that of 222 cities. Most cities are on the left side of the U-shaped curve, which corresponds with the second stage of the "in-out-in-again" GVC participation pattern (i.e., the "out" stage). During this stage, a decline in foreign value-added ratio (FVAR), with regard to exports (accompanied by an increase in the domestic value-added ratio), promotes economic growth. Innovation capability acts as a mediator in the relationship between GVC participation and economic growth. Furthermore, GVC participation has significant spillover effects on neighboring cities, with siphon and spillover effects coexisting. Thus, China should focus on establishing domestic value chains and innovation systems, achieving relative independence from existing GVCs dominated by developed countries, enhancing indigenous innovation capabilities, and laying the foundation for the third stage (in-again) of reintegration into GVCs, at the high value-added end, to achieve a higher level of openness. This study explores the nonlinear impact of GVC participation on regional economic growth in China from both theoretical and empirical perspectives, focusing on the finest divisions that remain feasible-cities. This approach expands and supplements the relevant field of research in valuable ways, yielding more realistic research conclusions and policy recommendations. LA - English DB - MTMT ER - TY - JOUR AU - Li, Shuyun AU - Wei, Mingxue AU - Elahi, Ehsan AU - Khalid, Zainab AU - Chen, Shaozhi TI - The Sustainable Impact of Import on Chinese Residents' Happiness: Evidence from CGSS JF - SUSTAINABILITY J2 - SUSTAINABILITY-BASEL VL - 15 PY - 2023 IS - 8 PG - 18 SN - 2071-1050 DO - 10.3390/su15086566 UR - https://m2.mtmt.hu/api/publication/33902907 ID - 33902907 AB - In recent years, China's trade policy has been geared towards expanding imports and enhancing consumer welfare with a focus on sustainability. To investigate the sustainable impact of import trade on the well-being of residents, this study analyzed data from the China General Social Survey (CGSS) and import data from the General Administration of Customs of China spanning from 2003 to 2017. Using the Ordered Logit model, the study found that import trade can significantly improve residents' happiness in a sustainable manner. The impact of import trade on happiness varied among different education and income groups, with higher education and high-income groups showing the most significant effect. Furthermore, imports from G7 countries and sustainable consumer good imports were found to have the most significant positive impact on residents' happiness. The study suggests that import trade can promote sustainable development by upgrading product quality, increasing income, promoting employment, and improving health levels. These findings hold vital references and guiding significance for the formulation of sustainable trade policies and the realization of sustained high quality for the Chinese economy. LA - English DB - MTMT ER - TY - JOUR AU - Liu, Duan AU - Wang, Qiuhong AU - Wang, Aidi AU - Yao, Shujie TI - Export profitability and firm R&D: on China's export diversification under trade war JF - STRUCTURAL CHANGE AND ECONOMIC DYNAMICS J2 - STRUCT CHANGE ECON DYNAM VL - 67 PY - 2023 SP - 151 EP - 166 PG - 16 SN - 0954-349X DO - 10.1016/j.strueco.2023.07.012 UR - https://m2.mtmt.hu/api/publication/34293419 ID - 34293419 AB - China has become the world's largest export economy and the Sino-US trade war since 2017 has brought about serious implications for its foreign trade. To mitigate the effect of the trade war, China has tried to diversify exports from the US to other major trade partners. This paper aims to study the impact of the trade war on the export profitability of Chinese manufacturing firms and examine the role of firm R & D activities in their export diversification process. It is found that under the trade war, firm export profitability with intensive exports to the US declined, but the negative shock is less potent for firms with more R & D activities. In addition, the resilience of R & D-intensive firms stems from two distinctive abilities, i.e., the ability to attract new customers in different alternative markets and the ability to optimize the composition of market niches. LA - English DB - MTMT ER - TY - JOUR AU - LIU, S. U. AU - DAKOUO, C. Y. P. R. I. E. N. AU - WANG, R. O. N. G. B. O. AU - XIONG, H. A. N. Y. U. TI - IMPACT OF IMPORTED INTERMEDIATE GOODS ON ENERGY-ENVIRONMENTAL EFFICIENCY: FIRM-LEVEL EVIDENCE FROM CHINA JF - SINGAPORE ECONOMIC REVIEW J2 - SINGAP ECON REV PY - 2023 PG - 24 SN - 0217-5908 DO - 10.1142/S021759082347001X UR - https://m2.mtmt.hu/api/publication/33902905 ID - 33902905 AB - Improving energy-environmental efficiency (EEE) is an important way to achieve China's carbon peak, carbon-neutral goals and green transformational development. The scale of imports of intermediate goods has been increasing rapidly with the deepening of China's opening up to the outside world, which has played a positive role in promoting high-quality development. Considering that enterprises are the main players in transforming energy consumption patterns and high-quality development, we investigated the impact of imported intermediate goods on EEE from a microfield perspective. The empirical results showed that imported intermediate goods significantly contributed to EEE and that firms' innovation capacity and productivity are the corresponding influencing mechanisms. The effects of importing intermediate goods in foreign-invested enterprises, enterprises in the eastern and coastal regions and capital-intensive enterprises are more obvious in improving EEE. Further expansion of imports of intermediate goods, enhancement of enterprises' capacity for independent innovation, deepening structural reforms and accelerated development of the digital economy can help enhance the promotional effect of imports of intermediate goods on enterprises' EEE. LA - English DB - MTMT ER - TY - JOUR AU - Luqman, Muhammad AU - Murtaza, Ghulam TI - Imported inputs, firms' capabilities and productivity: evidence from emerging South Asian economies JF - INTERNATIONAL JOURNAL OF EMERGING MARKETS J2 - INT J EMERG MARKET PY - 2023 PG - 23 SN - 1746-8809 DO - 10.1108/IJOEM-05-2022-0745 UR - https://m2.mtmt.hu/api/publication/34293427 ID - 34293427 AB - PurposeThe main purpose of this study is to examine the impact of imported inputs on firms' productivity in selected South Asian economies, namely Pakistan, India and Bangladesh. Furthermore, this study explores the complementarity between firms' capabilities and imported inputs in an augmented productivity framework.Design/methodology/approachA dataset comprising 7117 manufacturing firms of selected South Asian economies was taken from the World Bank for 2013 and 2014. The empirical analysis was based on stochastic frontier models, the ordinary least square method and instrumental variable estimation techniques.FindingsThe empirical results show that imported inputs have positive and significant effects on the firms' productivity in the selected countries. Moreover, the study findings demonstrate that firms' capabilities play a complementary role in expanding the firms' production frontier.Practical implicationsThe study outcomes suggest that reducing tariffs on imported inputs will enhance the firms' productivity in the selected emerging economies. However, the study further finds that the potential gain of imported inputs is conditional on the firm's capabilities. It implies that firms operating in these countries can improve their performance by allocating more resources to capabilities, such as workers' training, management and internal R&D effort.Originality/valueThe existing literature on the subject is sceptical about the positive impact of imported inputs on firms' productivity in the case of developing countries. In this regard, the shortage of skilled labour and firms' capabilities are compelling rationales that need to be explored. Thus, the potential contribution of the study lies in explaining the moderating role of firm's capabilities operating in the selected emerging economies in the nexus of imported inputs and productivity. LA - English DB - MTMT ER - TY - JOUR AU - Maduko, Franklin TI - Does import competition drive productivity growth? Evidence from Hungary's pre-accession import tariffs JF - REVIEW OF WORLD ECONOMICS J2 - REV WORLD ECON VL - 159 PY - 2023 IS - 2 SP - 437 EP - 466 PG - 30 SN - 1610-2878 DO - 10.1007/s10290-022-00472-3 UR - https://m2.mtmt.hu/api/publication/32976733 ID - 32976733 AB - This paper studies the effect of increased competition from imports on the productivity of firms. It proposes an empirical model that estimates productivity from sales revenue. The model addresses concerns associated with unobserved prices and demand conditions in revenue productivity. Unlike De Loecker (Econometrica 79(5):1407-1451, 2011), the model builds on recent evidence on the effect of exporting on firm-level prices by distinguishing between the export and domestic demand markets and integrating both in the supply function of firms. It applies this framework to study the effect that tariffs reduction on EU imports had on the efficiency of manufacturing firms in Hungary during the period 1996-2003, and finds that a 10-percentage point reduction in import tariffs on similar products manufactured by a firm raises the firm's productivity by 1.40%. This is in contrast to 2.35% when revenue productivity is used. The proposed model provides a simple framework that improves productivity estimates from sales data. LA - English DB - MTMT ER -