Annual Conference

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Accounting

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May 2024

Mobile Internet and Analyst Forecast Performance

Bingxu FANG, Sterling HUANG, Sugata ROYCHOWDHURY, Ewa SLETTEN
We study the impact of mobile internet technology on analyst forecast performance. Mobile internet facilitates uninterrupted access to various types of information and provides productivity tools for professionals. As such, it can help financial analysts gain immediate access to information and inte...
Keywords: mobile internet, Financial analysts, forecast accuracy, forecast timelines
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Annual Conference

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Accounting

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May 2024

Breaking the Language Barriers Machine Translation Technology and Analysts’ Forecasts for Multinational Firms

Bingxu FANG, Pengkai LIN
We study the impact of machine translation technology on analysts’ forecasts for multinational firms. Exploiting the staggered rollout of Google Translate’s support to translate foreign languages into English, we find that U.S. analysts improve their forecast accuracy for firms with substantial ...
Keywords: Technology, Sell-Side Analysts, Machine Translation, Labor and Finance, Complementarity
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Annual Conference

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Trade, Growth and Development

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May 2024

The Long and Short-Run Spatial Impacts of Trade

Lin MA, Yunlong SONG, Yang TANG
We study the long and short-run spatial impacts of trade liberalization in a model with internal migration, skill formation, and capital accumulation. We show that the spatial impacts of trade on migration flows and skill composition depend critically on the time horizon. The time-varying impacts co...
Keywords: International trade, skill premium, economic geography, capital accumulation
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Annual Conference

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Trade, Growth and Development

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May 2024

The Economic Dynamics of City Structure: Evidence from Hiroshima's Recovery

Kohei TAKEDA, Atsushi Yamagishi
We provide new theory and evidence on the resilience of internal city structure after a large shock. We analyze the atomic bombing of Hiroshima, which destroyed the city center but not its outskirts. Exploiting newly digitized data on block-level population and employment, we document that the city ...
Keywords: agglomeration, history, expectations, atomic bombing, spatial dynamics
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Annual Conference

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Trade, Growth and Development

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May 2024

The US-China Trade War and the Relocation of Global Value Chains to Mexico

Hale UTAR, Alfonso Cebreros ZURITA, Luis Bernardo Torres RUIZ
Did the 2018/19 US-China trade war trigger adjustment of Global Value Chains (GVCs) and nearshoring to Mexico? We address this question with confidential longitudinal firm-level trade data from Mexico that covers the universe of international trade transactions over 2015-2021. By merging the firm-le...
Keywords: Trade War, GVCs, Nearshoring, Mexico, US, China
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