Firms Responses To Relative Price Changes In Cote Divoire
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Author | : |
Publisher | : World Bank Publications |
Total Pages | : 42 |
Release | : 1990 |
Genre | : Côte d'Ivoire |
ISBN | : |
Firms' in Cote d'Ivoire would sell more to the foreign market when it is more profitable to do so. Exports would respond positively to increases in export prices and negatively to increases in import prices.
Author | : Mr. Kangni R Kpodar |
Publisher | : International Monetary Fund |
Total Pages | : 34 |
Release | : 2021-11-12 |
Genre | : Business & Economics |
ISBN | : 1616356154 |
This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Author | : |
Publisher | : |
Total Pages | : 632 |
Release | : 1995 |
Genre | : Africa |
ISBN | : |
Author | : Anwar Shah |
Publisher | : World Bank Publications |
Total Pages | : 121 |
Release | : 1991 |
Genre | : Fiscal policy |
ISBN | : |
This paper provides an overview of the existing state of fiscal federalism in Brazil and suggests directions for change.
Author | : |
Publisher | : |
Total Pages | : 50 |
Release | : 1990 |
Genre | : Agricultural prices |
ISBN | : |
The welfare gains from reducing risk through agricultural price stabilization are unlikely to be large relative to the welfare gains from price reform that reduces market distortions for the six agricultural commodities considered in this study.
Author | : |
Publisher | : |
Total Pages | : 212 |
Release | : 1992 |
Genre | : Africa, Sub-Saharan |
ISBN | : |
Author | : World Bank |
Publisher | : |
Total Pages | : 340 |
Release | : 1990 |
Genre | : Economic assistance |
ISBN | : |
Author | : Milan Vodopivec |
Publisher | : World Bank Publications |
Total Pages | : 30 |
Release | : 1990 |
Genre | : |
ISBN | : |
Author | : Antulio N. Bomfim |
Publisher | : |
Total Pages | : 54 |
Release | : 1991 |
Genre | : Economic stabilization |
ISBN | : |
Brazil's new federalism has limited, but not imperiled, the scope of fiscal policy as a stabilization tool. But the federal control over monetary policy has improved.
Author | : Sónia Félix |
Publisher | : International Monetary Fund |
Total Pages | : 57 |
Release | : 2019-12-13 |
Genre | : Business & Economics |
ISBN | : 1513521519 |
This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.