Publicaties
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The Impact of Superstar Firms on the Labor Share. Evidence from Belgium. KU Leuven
The Belgian labor share, measured as the part of GDP going to labor, is declining. This evolution fits into the global secular trend of decreasing labor shares. A novel strand in the literature focusses on its firm-level drivers. Recent research in the United States claims that superstar firms, defined as large firms with a dominant market share, are increasing their market share and link this to the fall of the labor share (Autor, Dorn, Katz, ...
Pecking Order and Core-Peripery in International Trade KU Leuven
This paper analyzes the impact of market size and trade costs on bilateral trade flows. A multi-country trade model with firm-level heterogeneity in productivities and countries’ market potential provides a simple micro foundation for the link between these variables. In the model, market size and trade costs jointly determine a country-specific pecking order of exporters serving their destination countries. In a counterfactual setting where ...
Dissecting the Trade Effects of Europe's Economic Integration Agreements KU Leuven
© 2017-Center for Economic Integration, Sejong Institution, Sejong University, All Rights Reserved. This paper systematically studies the trade effects of Economic Integration Agreements involving the European Union. We thoroughly disentangle the ex post effects of these agreements by analyzing various sources of heterogeneity and controlling for potential endogeneity and multilateral resistance. Our results confirm the general trade-enhancing ...
The Amiti–Weinstein estimator: an equivalence result KU Leuven
© 2016 Elsevier B.V. Amiti and Weinstein (2013) develop a new methodology to identify bank-supply shocks using matched bank–firm credit data. We show, using the Frisch–Waugh theorem, that their methodology is equivalent to a weighted least squares regression and suggest applicability in other research areas.
Distance and Border Effects in International Trade: A Comparison of Estimation Methods KU Leuven
© Author(s) 2016. This paper compares various estimation methods often used in the estimation of gravity models of international trade. The authors first discuss different structural and consistent estimation techniques, their underlying assumptions and their impact on estimated coefficients. They then estimate the gravity model for global bilateral trade flows using various empirical methodologies. They focus on a comparison of the distance and ...