Explaining Russian Manufacturing Exports: Firm Characteristics and External Conditions

Explaining Russian Manufacturing Export: Firm Characteristics and External Conditions

This paper examines the exporting behaviour of Russian manufacturers by considering the interaction of firm characteristics and external conditions. An important distinction is made between general exporting activity and export to developed countries. Firm features and specific export experience are found to be important in determining the international orientation of manufacturers and the dest...

Macroeconomic Conditions , Firm Characteristics , and Credit Spreads ∗

We study a structural model that allows us to examine how credit spreads are affected by the interaction of macroeconomic conditions and firm characteristics. Unlike most other structural models, our model explicitly incorporates equilibrium macroeconomic dynamics and models a firm’s cash flow as primitive processes. Corporate securities are priced as contingent claims written on cash flows. De...

Gravity Model of Trade and Russian Exports

Exports versus FDI in German manufacturing: firm performance and participation in international markets

This paper tests some of the predictions of recent advances in trade theory that have focused on different trade patterns of firms within the same sector. Helpman, Melitz and Yeaple (2005) develop a model in which innate productivity differences between firms determine the degree of international engagement of firms: The least productive firms produce for the domestic market, better performers ...

US Firm Exports and Intellectual Property Rights

How do intellectual property rights (IPR) policies a¤ect international trade? In this paper we consider two of the central results from the model of Lin (2013) (i) that IPR reforms should expand the range of goods exported to a country through the extensive margin of trade and (ii) …rms with more newly developed products should be more sensitive to IPR policies than other innovative …rms. Build...