Reto Föllmi
Title
Prof. Dr.
Last Name
Föllmi
First name
Reto
Email
reto.foellmi@unisg.ch
ORCID
Phone
+41 71 224 2269
139 results
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Item type:Publication, Triangle inequalities in international trade: The neglected dimension ✩Estimating trade costs is key to understanding the welfare effects of trade liberalizations. Cost minimization implies that the triangle inequality (TI) of international trade costs must hold for any three countries to avoid cross-border arbitrage. We show that rerouting opportunities might arise when trade costs change because a shipment through an intermediary becomes cheaper. The TI captures such rerouting opportunities. However, standard approaches to calculating the gains from trade liberalizations ignore this no-arbitrage condition. We outline an estimation routine that is model-consistent and respects the TI. Counterfactual exercises suggest that the welfare gains from rerouting after trade liberalizations can be substantial.Type:journal articleJournal:Journal of International EconomicsVolume:152Scopus© Citations 1 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Gravity with History: On Incumbency Effects in International Trade(Oxford University Press (OUP), 2024-11-18); Scopus© Citations 4 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Inequality and Growth(2023); Type:journal articleJournal:Handbook of Labor, Human Resources and Population Economics - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Triangle Inequalities in International Trade:
The Neglected Dimension(2022); - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Innovation and trade in the presence of credit constraints(2021-10-14); ; Tiemann, AlexaThis paper examines how trade liberalization affects investment in R&D at the firm level. We provide a model with entrepreneurs that differ in their wealth endowments, causing them to rely on external funds to different extents. In the presence of capital market imperfections, this implies heterogeneous access to external financing such that poor entrepreneurs run smaller firms, are less likely to invest in R&D and are more likely to exit the market. Decreasing trade costs resulting from tariff reductions exacerbate these characteristics. Using firm-level panel data on seven Latin American countries for 2006 and 2010, we find support for our theoretical predictions. While prior research emphasizes a positive impact of trade liberalization on firms’ productivity-enhancing activities, we provide novel evidence showing that financial constraints can impair the effect on R&D efforts. These results suggest that imperfect capital markets can prevent welfare gains from trade liberalization to materialize.Type:journal articleJournal:Canadian Journal of EconomicsVolume:54Issue:3 - Some of the metrics are blocked by yourconsent settings
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Item type:Publication, Harmful Pro-Competitive Effects of Trade in Presence of
Credit Market FrictionsWe explore the consequences of international trade in an economy that encompasses technology choice and an endogenous distribution of mark-ups due to credit market frictions. We show that in such an environment a gradual opening of trade may -- but not necessarily must -- have a negative impact on productivity and overall output. The reason is that the pro-competitive effects of trade reduce mark-ups and hence make access to credit more difficult for smaller firms. As a result, smaller firms -- while not driven out of the market -- may be forced to switch to less productive technologies.Type:journal articleJournal:Journal of Money, Credit and BankingIssue:52 - Some of the metrics are blocked by yourconsent settings
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Item type:Publication, Handelsgewinner dank Importen - Ein Plädoyer für Freihandel(2019)Type:journal articleJournal:Züricher Handelskammer, Jahresbericht