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type of firms, trade volumes and prices, and productivity effects. The normative effects of liberalisation are also studied …
Persistent link: https://www.econbiz.de/10012467209
Three sources of gains from trade under monopolistic competition are: (i) new import varieties available to consumers; (ii) enhanced efficiency as more productive firms begin exporting and less productive firms exit; (iii) reduced markups charged by firms due to import competition. The first...
Persistent link: https://www.econbiz.de/10012463056
likely to adopt technologies and increase productivity …
Persistent link: https://www.econbiz.de/10012464783
allocation. We also show that an export subsidy generates an increase in productivity, but given the negative joint effect on the …In this paper we explore the effect of trade policy on productivity and welfare in the now standard model of firm … establish that welfare can be decomposed into four terms: productivity, terms of trade, variety and curvature, where the latter …
Persistent link: https://www.econbiz.de/10012464958
We develop a monopolistically competitive model of trade with firm heterogeneity - in terms of productivity differences … productivity of competing firms. We analyze how these features vary across markets of different size that are not perfectly … in that market. Aggregate productivity and average markups thus respond to both the size of a market and the extent of …
Persistent link: https://www.econbiz.de/10012467289
This paper analyzes the welfare implications of international spillovers related to productivity gains, changes in …-equilibrium model with monopolistic competition, drawing a distinction between productivity gains that enhance manufacturing efficiency …
Persistent link: https://www.econbiz.de/10012467520
and productivity. A model with monopolistic competition, a continuum-of-goods, and endogenous tradability allows for … theory and history to be consistent for a wide range of underlying productivity shocks …
Persistent link: https://www.econbiz.de/10012468124
countries matters for productivity, because a country that imports primarily from technological leaders receives more technology … trade patterns in determining technology flows that affect productivity by using industry level data for machinery goods … imports and productivity in eight OECD countries between 1970-91. First evidence that these countries benefit more from …
Persistent link: https://www.econbiz.de/10012471810
In this paper, we review the literature on declining business dynamism and its implications in the United States and propose a unifying theory to analyze the symptoms and the potential causes of this decline. We first highlight 10 pronounced stylized facts related to declining business dynamism...
Persistent link: https://www.econbiz.de/10012479706
productivity is endogenously enhanced? To address these questions, we focus on the dynamic effect of trade, in particular, how …
Persistent link: https://www.econbiz.de/10012480413