Theoretical And Empirical Analysis Of International Trade With Heterogeneous Firms
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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.
International Trade With Heterogeneous Firms
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Author : Alessandra Bonfiglioli
language : en
Publisher:
Release Date : 2021
International Trade With Heterogeneous Firms written by Alessandra Bonfiglioli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Business enterprises categories.
International trade is dominated by a small number of very large firms. Models of trade with heterogeneous firms have been developed to study the causes and consequences of this observation. The canonical model of trade with heterogeneous firms shows that trade leads to between-firm reallocations and selection: it shifts employment towards firms with the best attributes and forces marginal firms to exit. The model also illustrates the role of heterogeneity, and its various sources, in explaining the volume of trade and the firm-level margins of adjustment. Consistent with the model, earlier empirical studies have documented that exporting is a rare activity, that exporting firms are larger and more productive than other firms, and that trade liberalization reallocates market shares towards the best-performing firms in various countries. More recent studies using transaction-level data have unveiled additional salient features of trade flows. First, sales by foreign firms are very heterogeneous and highly concentrated. Second, both the extensive margin (number of exporting firms) and the intensive margin (average export per firm) are important in explaining the level of exports and its changes over time. More heterogeneity in sales across firms is associated with a higher volume of trade along both margins. Third, increased foreign competition reallocates market shares towards top firms and hence can increase concentration from any country of origin. Numerous extensions of the benchmark model have been proposed to study other important aspects, such as the relevance of multi-product and multinational firms and the extent to which heterogeneity is endogenous to firms' choices, but some open challenges still remain.
Structural Estimation And Solution Of International Trade Models With Heterogeneous Firms
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Author : Edward J. Balistreri
language : en
Publisher:
Release Date : 2008
Structural Estimation And Solution Of International Trade Models With Heterogeneous Firms written by Edward J. Balistreri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
International Trade
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Author : Richard Pomfret
language : en
Publisher: World Scientific Publishing Company
Release Date : 2016-02-04
International Trade written by Richard Pomfret and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-04 with Political Science categories.
International Trade: Theory, Evidence and Policy provides an integrated non-mathematical account of trade theory and policy that can be read straight through. The footnotes provide caveats, extensions and entry points, or further reading. This book is divided into three parts. The first part focuses on the core theoretical analysis of international trade that has evolved over a quarter-millennium. The second part reviews recent empirical research in global value chains, trade costs, and heterogeneous firms, particularly from analysing large datasets of individual firms' characteristics and of trade flows disaggregated to very finely detailed levels. The third section of the book analyzes trade policies and discusses current policy debates. This edition is based on Pomfret's Lecture Notes on International Trade Theory and Policy, first published in 2008. The content has been extensively updated and revised to stand as a new volume.
The Empirics Of Firm Heterogeneity And International Trade
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Author : Andrew B. Bernard
language : en
Publisher:
Release Date : 2011
The Empirics Of Firm Heterogeneity And 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 2011 with Business enterprises categories.
This paper reviews the empirical evidence on firm heterogeneity in international trade. A first wave of empirical findings from micro data on plants and firms proposed challenges for existing models of international trade and inspired the development of new theories emphasizing firm heterogeneity. Subsequent empirical research has examined additional predictions of these theories and explored other dimensions of the data not originally captured by them. These other dimensions include multi-product firms, offshoring, intra-firm trade and firm export market dynamics.
International Trade
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Author : Richard Pomfret
language : en
Publisher: World Scientific Publishing Company
Release Date : 2016
International Trade written by Richard Pomfret and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Commercial policy categories.
International Trade: Theory, Evidence and Policy provides an integrated non-mathematical account of trade theory and policy that can be read straight through. The footnotes provide caveats, extensions and entry points, or further reading. This book is divided into three parts. The first part focuses on the core theoretical analysis of international trade that has evolved over a quarter-millennium. The second part reviews recent empirical research in global value chains, trade costs, and heterogeneous firms, particularly from analysing large datasets of individual firms' characteristics and of trade flows disaggregated to very finely detailed levels. The third section of the book analyzes trade policies and discusses current policy debates. This edition is based on Pomfret's Lecture Notes on International Trade Theory and Policy, first published in 2008. The content has been extensively updated and revised to stand as a new volume.
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.
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.
Power Laws In Firm Size And Openness To Trade
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Author : Mr.Andrei A. Levchenko
language : en
Publisher: International Monetary Fund
Release Date : 2010-04-01
Power Laws In Firm Size And Openness To Trade written by Mr.Andrei A. Levchenko 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 2010-04-01 with Business & Economics categories.
Existing estimates of power laws in firm size typically ignore the impact of international trade. Using a simple theoretical framework, we show that international trade systematically affects the distribution of firm size: the power law exponent among exporting firms should be strictly lower in absolute value than the power law exponent among non-exporting rms. We use a dataset of French firms to demonstrate that this prediction is strongly supported by the data. While estimates of power law exponents have been used to pin down parameters in theoretical and quantitative models, our analysis implies that the existing estimates are systematically lower than the true values. We propose two simple ways of estimating power law parameters that take explicit account of exporting behavior.
Multinational Firms And The Theory Of International Trade
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Author : James R. Markusen
language : en
Publisher: MIT Press
Release Date : 2002
Multinational Firms And The Theory Of International Trade written by James R. Markusen and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
A comprehensive microeconomic, general equilibrium theory and empirical analysis of multinational firms.