%0 Report
        %A Dale-Olsen, Harald
        %T The Impact of New Free Trade Agreements on Incumbent Firms and Workers
        %D 2023
        %8 2023 Dec
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 16649
        %U https://www.iza.org/publications/dp16649
        %X Trade policies might affect firms' market power and their ability to reap product-market mark-ups. Thus, potentially they influence not only firms' economic performance, but also worker pay. Utilising panel-data on Norwegian Manufacturing exporters from 2005-18 and multi-product production function-estimation techniques and recent development within the literature on dynamic treatment effects in event studies with heterogeneous treatment effects, we show that free-trade agreements increase exports and return-on-assets for Norwegian incumbent exporters, but their mark-ups decline. On average, workers in these established firms benefit from free-trade agreements, but this depends on occupations, union strength and labour market tightness.
        %K free-trade agreements
%K price-cost markups
%K profits
%K wages
%K multiproduct-function-estimation
%K dynamic treatment effects