1,721,181 research outputs found
Exchange rate volatility, prices and trade flows
No full textGiovannetti Giorgia. Exchange rate volatility, prices and trade flows. In: Revue d'économie industrielle, vol. 55, 1er trimestre 1991. L'économie industrielle internationale : une discipline en construction, sous la direction de Jacques Mistral. pp. 25-38
China’s competition and the export price strategies of developed countries
Full text linkThis paper analyzes the impact of Chinese competition on developed countries’ export prices. The empirical application is on Italy, one of the main European manufacturing exporters with exports at high risk of competition from China. Our results show that, following China’s entry into the WTO, the price strategies of Italian firms has been affected. While in general the increasing Chinese export competition resulted in an upgrading of products exported, the impact has been different according to the sector and technological level. The incentives to upgrade have been stronger for low technology sectors, where competition is tougher and varieties of products sold lower. To highlight quality differentials, and isolate the effects on the different segments of the distribution of Italy’s export prices, we run quantile regressions. We find that are mainly those products sold at low prices to face a strong pressure to upgrade
Food exporters in global value chains: Evidence from Italy
No full textThis paper offers a firm level perspective of global value chain participation in the food industry. We single out some stylized facts on food global value chains and the Italian food industry. Exploiting a very rich and original dataset, based on a 2011 survey of 25,090 Italian firms operating in manufacturing and related services, we characterize the food industry, describing its main strengths and weaknesses, and analyze the links between the probability to export and the value chain participation. Our results show that participating in a value chain significantly increases the probability to export. This is particularly true for small firms in the industrial food value chain and for firms positioned downstream. Participating in distribution chains, for instance being able to sell products through large supermarkets, also significantly contributes to internationalization. These results can have important implications in terms of trade policy: tariffs and other protection measures are cumulative when intermediate inputs are traded across borders multiple times. Hence, protection can end up in a significantly higher cost of finished goods. When discussing trade policy therefore, it is crucial to "think value chain"
Foreign direct investment in Sub-Saharan Africa : drivers and the challenge of the land-energy nexus
No full textHis paper explores recent patterns of foreign direct investments (FDI) in land in Sub-Saharan Africa (SSA), with the focus on investment in biofuel crops. It describes the drivers and features of this type of investment compared to general FDI trends in developing countries and SSA. The continent is one of the areas most targeted by international land acquisitions, especially for biofuel projects, but Africa’s increasing attractiveness in this sector is not without risks. Our Zero Inflated Poisson estimates for the number of large-scale international land deals in biofuels in Sub-Saharan countries identify land availability and abundance of water resources combined with weak land governance as significant drivers. These findings indirectly suggest that biofuel-oriented FDI in land on the sub-continent are driven by resource-seeking decision
Biofuel Development and Large-Scale Land Deals in Sub-Saharan Africa
No full textAfrica's biofuel potential over the last ten years has increasingly attracted foreign investors’ attention.
We estimate the determinants of foreign investors land demand for biofuel production in SSA, using
Poisson specifications of the gravity model. Our estimates suggest that land availability, abundance of
water resources and weak land governance are significant determinants of large-scale land acquisitions
for biofuel production. This in turn suggests that this type of investment is mainly resource-seeking
and investors might see land governance weaknesses as a way to access land and water resources at
very favorable conditions. Results are robust to different specifications
L’Italia nelle Catene Globali del Valore. Il Made in Italy “nascosto” e i legami produttivi internazionali
No full text
Determinants of biofuel-oriented land acquisitions in Sub-Saharan Africa
No full textThe recent surge of investors' interest for African land has triggered the debate about the drivers and
effects of the so-called land grabbing. After a review of the relationship between investment in land and
biofuel development in Sub Saharan Africa, we contribute to the existing literature in four dimensions.
We use the updated version of Land Matrix whose potentialities are currently underexploited; we
concentrate on land deals for cultivating biofuel crops which are emblematic of the food-land-energy
nexus; we focus on FDI to the African continent, the most targeted region for land grabbing. Finally, we
delve deeper into the influence of institutional quality by testing the role of different institutional
dimensions. We find that abundance of water resources and general business conditions, security and
regulatory quality facilitate the investment in land for biofuels. As for land governance, what matters is
the strength and security of land tenure rights rather than the type of tenure system.
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