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  1. Aggregate properties of open economy models with expanding varieties
    Autor*in: Bhattarai, Saroj; Kucheryavyy, Konstantin
    Erschienen: July 2022
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We present a unified dynamic framework to study the interconnections between international trade and business cycle models. We prove an aggregate equivalence between a competitive, representative firm model that has aggregate production externalities... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 63
    Fernleihe:
    keine Fernleihe

     

    We present a unified dynamic framework to study the interconnections between international trade and business cycle models. We prove an aggregate equivalence between a competitive, representative firm model that has aggregate production externalities and dynamic trade models that feature monopolistic competition, endogenous entry, and heterogeneous firms. The production externalities in the representative firm model have to be introduced in the intermediate and final good sectors so that the model is isomorphic to dynamic trade models that embody love-of-variety and selection effects. In a quantitative exercise with multiple shocks, we show that to improve the fit of the dynamic trade models with the data, the most important ingredient is negative capital externality in the intermediate good sector. We conclude that this presents a puzzle for the literature as standard dynamic trade models provide micro-foundations for positive capital externality.

     
    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/263800
    Schriftenreihe: CESifo working paper ; no. 9870 (2022)
    Schlagworte: international business cycle; dynamic trade models; heterogeneous firms; production externalities; monopolistic competition; export costs; entry costs
    Umfang: 1 Online-Ressource (circa 89 Seiten), Illustrationen
  2. Unemployment and labor productivity co-movement
    the role of firm exit
    Autor*in: Gabrovski, Miroslav; Silva, Mario
    Erschienen: January 2023
    Verlag:  University of Hawai'i at Mānoa, Department of Economics, Honolulu, HI

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 676
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper series / University of Hawai'i at Mānoa, Department of Economics ; no. 23, 01
    Schlagworte: job destruction; entry costs; unemployment; aggregate fluctuations
    Umfang: 1 Online-Ressource (circa 29 Seiten), Illustrationen