Automation and Sectoral Reallocation

Dennis Hutschereiter (Universitat Autònoma de Barcelona and Barcelona GSE), Tommaso Santini (Universitat Autònoma de Barcelona and Barcelona GSE) and Eugenia Vella (Athens University of Economics and Business, Greek and European Economy Observatory at ELIAMEP, and Fundació MOVE) Abstract: Empirical evidence in Dauth et al. (2021) suggests that industrial robot adoption in Germany has led to…

Does Immigration Grow the Pie? Asymmetric Evidence from Germany

Nicolo Maffei-Faccioli (UAB, BGSE and IGIER, Bocconi University) and Eugenia Vella (University of Sheffield and MOVE) Abstract: We provide empirical evidence suggesting that net migration shocks can have substantial demand effects, potentially acting like positive Keynesian supply shocks. Using monthly administrative data (2006-2019) for Germany in a structural VAR, we show that the shocks stimulate…

Export Prices and Markups with a Common Currency: Empirical Evidence from Greek Exporting Firms and Euro Adoption

Kyriakos Drivas (University of Pireaus), Sarantis Kalyvitis (AUEB), Margarita Katsimi (AUEB and CESIfo) Abstract: We estimate the effect of euro adoption on prices using data on Greek exporters spanning over the period 1999-2007. The overall impact of the euro on the prices of exports was negligible, but it masks significant heterogeneity across firms with different…

Innovation, Patents and Trade: A Firm-level Analysis E. Chalioti (Yale University), K. Drivas (AUEB), S. Kalyvitis (AUEB), M. Katsimi (AUEB and CESIfo)

INNOVATION, PATENTS AND TRADE: A FIRM-LEVEL ANALYSIS (Download Appendix) E. Chalioti (Yale University), K. Drivas (AUEB), S. Kalyvitis (AUEB), M. Katsimi (AUEB and CESIfo) Abstract: Using micro data of firm exports and international patent activity, we find that Greek innovative exporters, identified by their patent filing activity, have substantially higher export revenues by selling higher…

Export Performance during Financial Crises: Evidence from a Greek Firms Level Survey-data

Vangelis Pastelakos (AUEB), Yannis Bilias (AUEB) and Panos Hatzipanayotou (AUEB) Abstract: A growing literature on competitiveness and international trade has highlighted the importance of firm-level factors for exporting. We overcome the data unavailability by collecting data on Greek firms’ international operations via a survey. Our findings indicate that export changes are mostly related to foreign demand…

Variable Export Price Elasticities and Credit Constraints: Theory and Evidence from Greek Firms E. Dinopoulos (University of Florida), Sarantis Kalyvitis (AUEB), Margarita Katsimi (AUEB and CESIfo)

VARIABLE EXPORT PRICE ELASTICITIES AND CREDIT CONSTRAINTS: THEORY AND EVIDENCE FROM GREEK FIRMS (download Appendix) E. Dinopoulos (University of Florida), S. Kalyvitis (AUEB), M. Katsimi (AUEB and CESIfo) Abstract: We propose a simple model of trade with endogenous quality, non-homothetic preferences and credit constraints. A unique data set of Greek manufacturing firms with firm-level exports,…