TY  - RPRT
        AU  - Dale-Olsen, Harald
        TI  - The Impact of New Free Trade Agreements on Incumbent Firms and Workers
        PY  - 2023/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 16649
        UR  - https://www.iza.org/publications/dp16649
        AB  - 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.
        KW  - free-trade agreements
KW  - price-cost markups
KW  - profits
KW  - wages
KW  - multiproduct-function-estimation
KW  - dynamic treatment effects
        ER  -