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competition. Industries with more firm heterogeneity have greater potential for cooperation, provided that the lower productivity …
Persistent link: https://www.econbiz.de/10011284901
This paper develops a method to measure difficulties in market access over a large set of countries (both developing and developed) and industries, during the period 1980-2006. We use a micro-founded heterogeneous-consumers model to estimate the impact of national borders on global and regional...
Persistent link: https://www.econbiz.de/10013112665
Much potential for trade liberalization exists in industries and markets with trade barriers that are prohibitive for all or many firms. In standard political economic theories of trade policy, observed prohibitive barriers must be globally optimal according to both individual and joint...
Persistent link: https://www.econbiz.de/10012943480
Globalization disrupted the seemingly solid construction emerged in the aftermath of WW II, called the international trade system. For over fifty years, the system grew constantly thanks to the increasing number of countries that joint it as well as to its ubiquitously-accepted rules. For better...
Persistent link: https://www.econbiz.de/10012157236
Neither of the major negotiations underway in the Asia-Pacific region, the Regional Comprehensive Economic Partnership and the Trans-Pacific Partnership, includes both China and the United States. By failing to connect these economies, these agreements would leave much of the economic and...
Persistent link: https://www.econbiz.de/10014141306
Firms play a critical role in the global economy. In this paper, we survey the behavior of firms in the international economy, both in theory and in the data. We first summarize the key empirical facts that motivate the study of firms in trade. Then, we detail recent theoretical developments on...
Persistent link: https://www.econbiz.de/10011610238
Persistent link: https://www.econbiz.de/10009793108
We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity …
Persistent link: https://www.econbiz.de/10011447515
autarky to free trade promotes innovation and productivity growth in those sectors which are initially less competitive … productivity divergence: firms that are located in industries with greater exposure to foreign trade, invest a greater amount in R …&D contributing to industry productivity growth. Finally the paper outlines the importance of reallocation effects within industry and …
Persistent link: https://www.econbiz.de/10011374296
differences in countries' factor endowments and total factor productivity (the Solow residual). While the former can be relatively … interpretation for differences in total factor productivity across countries and quantitatively explore the role of trade barriers in …
Persistent link: https://www.econbiz.de/10009781364