Vox columns by Peter Schott (2007) and Fontagné et al. (2008) have argued that developed countries specialise in the production of high-end varieties – expensive varieties of a product which have specific attributes such as reputation, branding, or quality that make them appealing to consumers in spite of their higher price.
High-end variety exporters defying distance: Macro implications
Julien Martin, Florian Mayneris, 4 December 2013
Exports and property prices: Are they connected?
Balázs Égert, Rafał Kierzenkowski, 2 October 2013
A marked decline in France’s export-market shares
Export-market exit during the crisis: Evidence from the UK
Holger Görg, Marina-Eliza Spaliara, 13 September 2013
International trade declined dramatically during the Global Crisis (WTO 2012). Economists have offered various explanations for this (see Baldwin 2009):
When Harry meets Sally: The buyer margins of firms’ exports
Jerónimo Carballo, Gianmarco I.P. Ottaviano, Christian Volpe Martincus, 11 September 2013
Locating a buyer is one of the most important barriers for firms trying to penetrate new markets (e.g., Kneller and Pisu 2011). Investment in gathering these data may be socially suboptimal because information can spill over to other companies. Unsurprisingly, governments around the world implement programmes to help firms find buyers.
Preparing to export
Danielken Molina, Marc Muendler, 27 May 2013
Exporting is an essential feature of strategies for economic development for very good reasons. A large body of empirical evidence shows that exporters are larger, more productive, pay higher wages and hire more skilled workers (Bernard and Jensen 1995). But do firms move from local sales to export sales? What choices do firms make in preparation for exporting?
Why do large movements in exchange rates have small effects on international prices?
Mary Amiti, Oleg Itskhoki, Jozef Konings, 19 February 2013
Exchange rate moves have surprisingly small effects on prices. This apparent ‘disconnect’ is one of the central puzzles in international macroeconomics. It is also a continual headache for policymakers who rely on exchange rates to accommodate the adjustment of global (current account) imbalances.
The real exchange rate and export growth: Are services different?
Barry Eichengreen, Poonam Gupta, 18 January 2013
The role of exports in economic growth and, in turn, of the real exchange rate in export promotion features prominently in literature on development and globalisation (Rodrik 2009, Haddad and Pancaro 2010). Much of this literature dates, however, from an era when ‘exports’ meant ‘exports of merchandise‘.
Can Spain learn from its ‘export starters’?
Aoife Hanley, Joaquín Monreal-Pérez, 5 November 2012
Spain’s problems of high unemployment and soaring sovereign debt are well known. What is less publicised is Spain’s poor export performance. The numbers tell the story; only 6% of Spain’s manufacturing exports are high-tech, compared with 15% in Germany and 25% in France1.
How exports matter: No one-size-fits-all
David B Audretsch, Mark Sanders, Lu Zhang, 2 September 2012
“Accelerating Bangladesh's overall exports will require not only consolidating existing strengths in basic garments but also diversifying gradually into higher-value garments and other exports.” (Financial Express Bangladesh, 6 August, 2012).
Do ‘animal spirits’ matter to firms’ internationalisation?
Yasuyuki Todo, 7 June 2012
The internationalisation of firms’ production activities is having a massive impact on the global economy – everything from facilitating the rapid industrialisation and income growth in China and other emerging economies to the hollowing out of G7 manufacturing sectors. This growth and de-industrialisation is, in turn, blamed for booming commodity prices and rising wage inequality.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Adelman, 28 October 2013
Reichlin, Giugliano, 7 November 2013
Holmes, McGrattan, Prescott
Beck, De Haas, Ongena