Showing 1 - 8 of 8
Market Structure and Foreign Trade presents a coherent theory of trade in the presence of market structures other than perfect competition. The theory it develops explains trade patterns, especially of industrial countries, and provides an integration between trade and the role of multinational...
Persistent link: https://www.econbiz.de/10004973027
including empirical studies of the welfare effects of quality - upgrading voluntary export restrictions and import quotas …
Persistent link: https://www.econbiz.de/10004973154
We review the literature on the links between technology and international trade. The older literature assumed exogenous technologies and focused on their effects on the structure of foreign trade and on welfare. Recently much of the effort has been on explaining technological change. As a...
Persistent link: https://www.econbiz.de/10005067514
Investment in research and development (R&D) affects a country's total factor productivity. Recently new theories of economic growth have emphasized this link and have also identified a number of channels through which a country's R&D affects total factor productivity of its trade partners....
Persistent link: https://www.econbiz.de/10005498140
New developments in the world economy have triggered research designed to better understand the changes in trade and investment patterns, and the reorganization of production across national borders. Although traditional trade theory has much to offer in explaining parts of this puzzle, other...
Persistent link: https://www.econbiz.de/10005791842
We present a North-South model of international trade in which differentiated products are developed in the North. Sectors are populated by final-good producers who differ in productivity levels. Based on productivity and sectoral characteristics, firms decide whether to integrate into the...
Persistent link: https://www.econbiz.de/10005788904
aggregate export and FDI sales relative to the domestic and foreign market sizes. In particular, it is shown that firm level … heterogeneity is an important determinant of relative export and FDI flows. We use the model to derive testable empirical … predictions on the relative aggregate export and FDI sales in a given country for a given sector based both on relative costs and …
Persistent link: https://www.econbiz.de/10005791827
During the last two decades new research has greatly advanced our understanding of the structure of world trade. This article reviews the empirical literature that grew out of this effort. I emphasize the interplay between theory and empirical research that was an important driving force behind...
Persistent link: https://www.econbiz.de/10005661848