How Importers Hedge Demand Uncertainty Through Dual Sourcing and Safety Inventory 29th January 2025 KCG Secretary KCG Journal Articles Publications Authors: Chris Muris, Horst Raff, Nicolas Schmitt and Frank Stähler (Canadian Journal of Economics, forthcoming) We develop a dynamic model of inventory and trade to study how an importer may hedge demand uncertainty when importing involves an order lead time. We show that when the import cost is low, the importer optimally holds safety inventory, i.e., inventory of imported goods in excess of expected sales to deal with demand surges[...]
Two-Part Tariffs, Inventory Stockpiling, and the Bullwhip Effect 29th January 2025 KCG Secretary KCG Journal Articles Publications Authors: Qu, Zhan and Horst Raff (European Journal of Operational Research, 2023, 308 (1): 201–214) We study how upstream producers can use two-part tariffs (2PTs) to dampen the bullwhip effect in storable-good supply chains subject to strategic inventory stockpiling by downstream buyers [...]
Digitalization Intensity and Extensive Margins of Exports in Manufacturing Firms from 27 EU Countries – Evidence from Kernel-Regularized Least Squares Regression 8th January 2025 KCG Secretary KCG Journal Articles Publications Authors: Joachim Wagner (Economic Analysis Letters, 2024, 4(1): 22–29) The use of digital technologies like artificial intelligence, robotics, or smart devices can be expected to go hand in hand with higher productivity and lower trade costs, and, therefore, to be positively related to export activities[...]
Chinese Agricultural Geographical Indications and Firms’ Export Quality 24th October 2024 KCG Secretary KCG Journal Articles Publications Authors: Haiou Mao and Holger Görg (Agricultural Economics, forthcoming) GI is a rising policy in developing countries, which has been relatively neglected in the existing literature. This paper studies Chinese agricultural Geographical Indications and its impact on firms’ exports. [...]
KCG Working Paper No. 35: Urbanized and Savvy – Which African Firms are Making the Most of Mobile Money? 19th September 2024 KCG Secretary KCG Working Papers Publications Publications Publications Authors: Charles Ackah, Aoife Hanley, Lars Hecker, and Michael Kodom Our analysis of over 500 Ghanaian firms sheds light, for the first time, on how certain firms managed to extract value from mobile money. Our regressions point to the usefulness of this form of cashless payments in stabilizing sales during the COVID pandemic[...]
Görg: Tariffs on electric vehicles from China will have significant negative impacts on the electrification transition of the European automotive industry 17th June 2024 KCG Secretary News Public Contributions Public Contributions Public Contributions In October 2023, the European Commission initiated an anti-subsidy investigation on imports of battery electric vehicles from China. On June 12, 2024 the Commission provisionally concludes the “electric vehicle value chains in China benefit from unfair subsidies”[...]
Cloud computing and extensive margins of exports: Evidence for manufacturing firms from 27 EU countries 8th May 2024 KCG Secretary KCG Journal Articles Publications Authors: Joachim Wagner (Journal of Information Economics 2024 2(1): 102–111) The use of cloud computing by firms can be expected to go hand in hand with higher productivity, more innovations, and lower costs, and, therefore, should be positively related to export activities. Empirical evidence on the link between cloud computing and exports, however, is missing[...]
Exports and Firm Survival in Times of COVID-19 – Evidence from Eight European Countries 8th May 2024 KCG Secretary KCG Journal Articles Publications Authors: Joachim Wagner (Review of Economics, 2024, 75(1): 63–70) This paper uses firm level data from the World Bank Enterprise surveys conducted in 2019 and from the COVID-19 follow-up surveys conducted in 2020 in eight European countries to investigate the link between exporting before the pandemic and firm survival until 2020[...]
KCG Working Paper No. 34: Cloud Computing and Extensive Margins of Exports – Evidence for Manufacturing Firms from 27 EU Countries 6th March 2024 KCG Secretary KCG Working Papers Publications Publications Publications Author: Joachim Wagner The use of cloud computing by firms can be expected to go hand in hand with higher productivity, more innovations, and lower costs, and, therefore, should be positively related to export activities[...]
KCG Working Paper No. 33: Robots and Extensive Margins of Exports – Evidence for Manufacturing Firms from 27 EU Countries 19th February 2024 KCG Secretary KCG Working Papers Publications Publications Publications Author: Joachim Wagner The use of robots by firms can be expected to go hand in hand with higher productivity, higher product quality and more product innovation, which should be positively related to export activities[...]