Comparative Advantage And Heterogenous Firms

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Comparative Advantage And Heterogenous Firms

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Author : Andrew B. Bernard
language : en
Publisher:
Release Date : 2004

Comparative Advantage And Heterogenous Firms written by Andrew B. Bernard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Comparative advantage (International trade) categories.

This paper presents a model of international trade that features heterogeneous firms, relative endowment differences across countries, and consumer taste for variety. The paper demonstrates that firm reactions to trade liberalization generate endogenous Ricardian productivity responses at the industry level that magnify countries' comparative advantage. Focusing on the wide range of firm-level reactions to falling trade costs, the model also shows that, as trade costs fall, firms in comparative advantage industries are more likely to export, that relative firm size and the relative number of firms increases more in comparative advantage industries and that job turnover is higher in comparative advantage industries than in comparative disadvantage industries.

Comparative Advantage And Heterogeneous Firms

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Author : Andrew B. Bernard
language : en
Publisher:
Release Date : 2004

Comparative Advantage And Heterogeneous Firms written by Andrew B. Bernard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Diversification in industry categories.

This paper presents a model of international trade that features heterogeneous firms, relative endowment differences across countries, and consumer taste for variety. The paper demonstrates that firm reactions to trade liberalization generate endogenous Ricardian productivity responses at the industry level that magnify countries' comparative advantage. Focusing on the wide range of firm-level reactions to falling trade costs, the model also shows that, as trade costs fall, firms in comparative advantage industries are more likely to export, that relative firm size and the relative number of firms increases more in comparative advantage industries and that job turnover is higher in comparative advantage industries than in comparative disadvantage industries.

Comparative Advantage And Quality With Heterogeneous Firms

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Author : Dongzhe Zhang
language : en
Publisher:
Release Date : 2022

Comparative Advantage And Quality With Heterogeneous Firms written by Dongzhe Zhang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.

Evidence On Productivity Comparative Advantage And Networks In The Export Performance Of Firms

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Author : Mr.Luca Antonio Ricci
language : en
Publisher: International Monetary Fund
Release Date : 2011-04-01

Evidence On Productivity Comparative Advantage And Networks In The Export Performance Of Firms written by Mr.Luca Antonio Ricci and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-01 with Business & Economics categories.

This paper tests the effect of comparative advantage, size, and networking on the firm probability of exporting. The closest theoretical framework is the one of Bernard, Redding, and Schott (2007), with firm heterogeneity across countries and industries. We use a recently assembled multi-country multi-industry firm level dataset, and construct original measures of comparative advantage. The results show that firms are more likely to export if they belong to the comparative advantage industry, if they enjoy a higher productivity, or if they benefit from foreign, domestic, or communication networks.

Theories Of Heterogeneous Firms And Trade

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Author : Stephen Redding
language : en
Publisher:
Release Date : 2010

Theories Of Heterogeneous Firms And Trade written by Stephen Redding and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Economics categories.

This paper reviews the recent theoretical literature on heterogeneous firms and trade, which emphasizes firm selection into international markets and reallocations of resources across firms. We discuss the empirical challenges that motivated this research and its relationship to traditional trade theories. We examine the implications of firm heterogeneity for comparative advantage, market size, aggregate trade, the welfare gains from trade, and the relationship between trade and income distribution. While a number of studies examine the endogenous response of firm productivity to trade liberalization, modeling internal firm organization and the origins of firm heterogeneity remain interesting areas of ongoing research.

Multi Product Firms And Trade Liberalization

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Author : Andrew B. Bernard
language : en
Publisher:
Release Date : 2006

Multi Product Firms And Trade Liberalization written by Andrew B. Bernard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Free trade categories.

This paper develops a general equilibrium model of multi-product firms and analyzes their behavior during trade liberalization. Firm productivity in a given product is modeled as a combination of firm-level "ability" and firm-product-level "expertise", both of which are stochastic and unknown prior to the firm's payment of a sunk cost of entry. Higher firm-level ability raises a firm's productivity across all products, which induces a positive correlation between a firm's intensive (output per product) and extensive (number of products) margins. Trade liberalization fosters productivity growth within and across firms and in aggregate by inducing firms to shed marginally productive products and forcing the lowest-productivity firms to exit. Though exporters produce a smaller range of products after liberalization, they increase the share of products sold abroad as well as exports per product. All of these adjustments are shown to be relatively more pronounced in countries' comparative advantage industries.

Theoretical And Empirical Analysis Of International Trade With Heterogeneous Firms

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Author : Na Yang
language : en
Publisher:
Release Date : 2008

Theoretical And Empirical Analysis Of International Trade With Heterogeneous Firms written by Na Yang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with International trade categories.

Essays On Firm Heterogeneity And Quality In International Trade

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Author : Eddy Bekkers
language : en
Publisher: Rozenberg Publishers
Release Date : 2008

Essays On Firm Heterogeneity And Quality In International Trade written by Eddy Bekkers and has been published by Rozenberg Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.

The thesis is organized as follows. Chapter 2 contains a survey of the three most in‡fluential models on fi…rm heterogeneity and of the most important empirical work on firrm heterogeneity. The chapter starts with a brief review of the homogeneous productivity imperfect competition literature. Chapter 2 …finishes with a comparison of the three most in‡fluential models of fi…rm heterogeneity and the oligopoly model put forward in the thesis. Chapter 3 addresses exporting uncertainty under heterogeneous popularity. Chapter 4 contains the chapter on …firm heterogeneity under oligopoly. Chapter 5 constitutes the models on …firm heterogeneity and endogenous quality. Chapter 6 points out the within-sector specialization model. Chapter 7 addresses the effect of importer characteristics on unit values and the role of markups and quality to explain this effect. Chapter 8 concludes.

Trade And Selection With Heterogeneous Firms And Perfect Competition

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Author : Xue Bai
language : en
Publisher:
Release Date : 2022

Trade And Selection With Heterogeneous Firms And Perfect Competition written by Xue Bai and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.

This paper develops a new model with heterogeneous firms under perfect competition in a Heckscher-Ohlin-Samuelson setting. We show that trade need not make selection in the comparative advantage sector stricter as suggested by earlier work. Selection is driven by the capital intensity in entry costs relative to production costs. If trade raises (reduces) the wage rental ratio, and entry costs are more labor intensive than production costs in a sector, then the ratio of entry cost to production costs will rise (fall) and selection will become weaker (stricter) in this sector. Moreover, we show that the central theorems of the HOS model (as well as the standard generalizations using duality) carry over in our setting.

Firms In International Trade

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Author : Andrew B. Bernard
language : en
Publisher:
Release Date : 2007

Firms In International Trade written by Andrew B. Bernard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business enterprises categories.

Despite the fact that importing and exporting are extremely rare firm activities, economists generally devote little attention to the role of firms when discussing international trade. This paper summarizes key differences between trading and non-trading firms, demonstrates how these differences present a challenge to standard trade models and shows how recent "heterogeneous-firm" models of international trade address these challenges. We then make use of transaction-level U.S. trade data to introduce a number of new stylized facts about firms and trade. These facts reveal that the extensive margins of trade -- that is, the number of products firms trade as well as the number of countries with which they trade -- are central to understanding the well-known role of distance in dampening aggregate trade flows.