ORCID Profile
0000-0002-1132-1665
Current Organisation
University of Trento
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Publisher: Springer International Publishing
Date: 2022
Publisher: Springer Science and Business Media LLC
Date: 21-01-2021
Publisher: Elsevier BV
Date: 12-2022
Publisher: Elsevier BV
Date: 2021
Publisher: Informa UK Limited
Date: 12-08-2022
Publisher: Wiley
Date: 22-06-2021
DOI: 10.1111/JORS.12503
Publisher: Wiley
Date: 02-10-2020
DOI: 10.1111/ECPO.12147
Publisher: Springer Science and Business Media LLC
Date: 24-07-2018
Publisher: Emerald
Date: 30-10-2023
Publisher: Elsevier BV
Date: 12-2018
Publisher: Springer Science and Business Media LLC
Date: 23-12-2021
DOI: 10.1007/S10290-020-00399-7
Abstract: This paper focuses on an unexamined area of trade—the behaviour of heterogeneous intermediate suppliers facing final producers of different ability and pursuing different strategies. To inform our empirical analysis, we develop a theoretical model to analyse the choice of an intermediate supplier between selling to domestic producers, selling to multinational producers and/or exporting to foreign producers. The model’s predictions are: (i) sufficiently productive firms self-select into supplying to multinationals or exporting, while the most productive firms pursue both strategies, and (ii) the order of preferred strategies between supplying to multinationals and exporting depends on foreign direct investment inflows and export set-up costs. The paper uses firm-level data with rare information about multinational suppliers from 29 countries in Europe and Central Asia in 2002 and 2005 to test these theoretical predictions. The empirical analysis confirms both of our model’s predictions. Moreover, it suggests that multinational suppliers are more likely to have higher required levels of ex-ante labour productivity than exporters, implying that exporting is easier and a more popular choice for firms.
Publisher: Informa UK Limited
Date: 21-10-2014
Publisher: Elsevier BV
Date: 12-2021
Publisher: Springer Science and Business Media LLC
Date: 18-04-2022
Publisher: Springer Science and Business Media LLC
Date: 11-02-2012
Publisher: Wiley
Date: 11-2017
DOI: 10.1111/CAJE.12289
Abstract: In this paper we investigate how firms adjust markups across products in response to fluctuations in the real exchange rate. We estimate markups at the market–product–plant level using detailed panel production and cost data from Mexican manufacturing between 1994 and 2007. Exploiting variation in the real exchange rate in the aftermath of the peso crisis in December 1994, we provide robust empirical evidence that plants increase their markups and producer prices in response to a real depreciation and that this increase is greater for products with higher productivity. Thus, we provide direct evidence for the theoretical mechanism of variable markup response behind incomplete and heterogeneous exchange rate pass‐through on producer prices. Our empirical methodology allows us to decompose the producer price response to exchange rate shocks into a markup and a marginal cost component using our markup estimates. Using these estimates, we establish that marginal cost at the product–plant level increases more in response to real exchange rate depreciation if the plant has higher share of imported inputs.
Publisher: Walter de Gruyter GmbH
Date: 10-2021
Abstract: We study access to banking and how it is related to banks’ rate of return on investments and the distribution of income. We develop our empirical framework through a theoretical supply-side model of bank deposit services with a consumer population heterogeneous in income. We use this model to show how decreases in the interest rate margin and higher income disparities lead to an increase in the proportion of unbanked. Using localized US household data from 2009, 2011, 2013 and 2015 we find strong empirical evidence for the predictions of the model. We then structurally estimate our model to estimate the value of having a checking account relative to alternative financial services and to quantify the effects of actual changes in the interest rate margin and the distribution of income that occurred in the aftermath of the 2008 financial crisis.
Publisher: Wiley
Date: 14-02-2020
DOI: 10.1111/TWEC.12935
Publisher: Elsevier BV
Date: 10-2013
Location: United Kingdom of Great Britain and Northern Ireland
No related grants have been discovered for Mauro Caselli.