Cecilia Hornok, Ph.D.

Postdoc Researcher, Kiel Centre for Globalization
Postdoc Researcher of Research Area “The Global Division of Labour”, Kiel Institute for the World Economy
Email: cecilia.hornok@ifw-kiel.de
Tel.: +49(0)431-8814-468

Expertise:

  • International trade
  • Heterogeneous firms and globalisation
  • Applied panel data econometrics

 


Trade for Development? A New KCG Research Project Focusing on Ghana

9th November 2018
KCG Secretary
The Aid for Trade (AfT) Initiative of the World Trade Organisation aims at supporting developing countries to better deal with trade-related constraints and barriers so that they can be better integrated into the world economy through their engagement in international trade. A key principle behind the AfT Initiative is that free and fair trade can make significant contributions to the economic development and poverty reduction in the developing and emerging countries. Many industrialised countries have initiated new policy measures and/or adjusted the existing ones to support the implementation of the AfT Initiative. One example is Germany[…]

A New KCG Working Paper on Firm Markups and International Trade is Now Online

8th March 2018
KCG Secretary
Firms involved in international trade are larger, more productive and pay higher wages than non-trading firms, as ample evidence from the economics literature shows. The paper “Markups of Exporters and Importers: Evidence for Hungary” (forthcoming in The Scandinavian Journal of Economics) by Cecilia Hornok from the Kiel Centre for Globalization and Balázs Muraközy from the Hungarian Academy of Sciences investigates the less well-documented relationship between international trade and firms’ markup over marginal cost[…]

KCG Working Paper No. 9: Markups of Exporters and Importers: Evidence from Hungary

8th March 2018
KCG Secretary
Authors: Cecilia Hornok and Balázs Muraközy

This paper studies the relationship between firm-level markups and trade status using balance sheet information linked to detailed trade data from Hungary between 1995-2003. We find that importing is strongly positively correlated with markups both across and within firms. We argue that this correlation can reflect three channels: self-selection, higher physical productivity resulting from access to a larger variety of inputs and quality upgrading based on high-quality imported intermediate inputs[…]

Markups of Exporters and Importers: Evidence from Hungary

1st March 2018
KCG Secretary
Authors: Cecilia Hornok and Balázs Muraközy (Forthcoming, The Scandinavian Journal of Economics)

This paper studies the relationship between different proxies of firm-level markups and trade status using balance sheet information linked to detailed trade data from Hungary between 1995-2003. We find that importing is strongly positively correlated with markup measures both across and within firms. We argue that this correlation can reflect three channels: self-selection, higher physical productivity resulting from access to a larger variety of inputs, and quality upgrading based on high-quality imported intermediate inputs[…]