'The Phenomenal Cat': Firms Clawing the Goods of Others

Nino, Virginia Di

doi:10.2139/ssrn.2728227

Cited by 6 publications

(5 citation statements)

References 14 publications

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“…4 See Bernard et al (2011), Mayer et al (2014), andArkolakis et al (2015). 5 Our findings from the Belgian data have been recently replicated for firms in Italy [Di Nino (2015)], Sweden [Arnarson (2016)], and Denmark [Abreha et al (2013)], all of which exhibit the same patterns of CAT activity in either domestic or export markets. In the French manufacturing sector in 2005, 49 percent of firms report sales of goods they do not produce, accounting for 39 percent of their total revenue.…”

Section: Introductionmentioning

confidence: 62%

Carry-Along Trade

Bernard

Blanchard

Beveren

et al. 2018

The Review of Economic Studies

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Large multi-product firms dominate international trade flows. Using novel linked production and export data at the firm-product level, we find that the overwhelming majority of manufacturing firms export products that they do not produce. Three quarters of the exported products and thirty percent of export value from Belgian manufacturers are in goods that are not produced by the firm, so-called Carry-Along Trade (CAT). The number of CAT products is strongly increasing in firm productivity while the number of produced products that are exported is weakly increasing in firm productivity. We propose a general model of production and sourcing at multi-product firms and explore new demand-and supply-side modeling features capable of generating predictions consistent with the empirical findings. Looking at export price data and anecdotal evidence, we find particular support for the presence of demand-scope complementarities.

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Section: Introductionmentioning

confidence: 62%

Carry-Along Trade

Bernard

Blanchard

Beveren

et al. 2018

The Review of Economic Studies

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“…Below we describe the equilibrium with multiple CAT products. 12 Our ranking of …rms according to their z i allows us to solve for the critical …rm that is just indi¤erent between CAT and DOG. Denote this …rm by z so that ; z; zi ; n d ; n c = 0, then this z is…”

Section: Ifmentioning

confidence: 99%

CATs and DOGs

Eckel

Riezman

2020

Journal of International Economics

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“…We kept note of these firms in the estimations conducted in Section 4. A more detailed analysis of sales of third-party products as described in the Invind survey can be found in Di Nino (2015). The second component needed to estimate potential output is a measure of CU.…”

Section: Data Definitions and Statistical Treatmentsmentioning

confidence: 99%

Heterogeneous Fall in Productive Capacity in Italian Industry During the 2008-13 Double-Dip Recession

2016

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Between 2008 and 2013 productive capacity was considerably downsized in the Italian manufacturing sector. This paper analyses the micro-data collected for the Bank of Italy surveys to identify the main drivers of the reduction in the whole 2008-13 period and in four sub-periods (pre-crisis 2001-07, first phase of the crisis 2008-09, recovery 2010-11, and second crisis 2012-13). Our main findings are that i) losses of productive capacity varied widely across manufacturing sub-sectors with differences in pre-crisis trends tending to persist in a few sub-sectors during the double-dip recession; ii) large firms were more successful in avoiding major capacity losses, especially in the first phase of the crisis; iii) the share of sales on foreign markets was negatively correlated with performance in 2008-09, but the correlation turned positive in 2012-13; iv) among the Italian macro-regions, the Centre weathered the long recession better; v) subsidiaries underperformed firms not belonging to any group; and vi) the negative effects on productive capacity of credit constraints, which discouraged investments, were felt by Italian firms particularly in 2012-13.

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'The Phenomenal Cat': Firms Clawing the Goods of Others

Cited by 6 publications

References 14 publications

Carry-Along Trade

Carry-Along Trade

CATs and DOGs

Heterogeneous Fall in Productive Capacity in Italian Industry During the 2008-13 Double-Dip Recession

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