| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Productivity and Firm Selection: Quantifying the “New” Gains from Trade |
| Gregory Corcos; Massimo Del Gatto; Giordano Mion; Gianmarco I.P. Ottaviano
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| 发表日期 | 2009
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| 出处 | Economy and Society
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| 出版年 | 2009
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| 语种 | 英语
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| 摘要 | We discuss how standard computable equilibrium models of trade policy can be enriched with selection effects without missing other important channels of adjustment. This is achieved by estimating and simulating a partial equilibrium model that accounts for a number of real world effects of trade liberalisation: richer availability of product varieties; tougher competition and weaker market power of firms; better exploitation of economies of scale; and, of course, efficiency gains via the selection of the most efficient firms. The model is estimated on E.U. data and simulated in counterfactual scenarios that capture several dimensions of European integration. Simulations suggest that the gains from trade are much larger in the presence of selection effects. Even in a relatively integrated economy as the E.U., dismantling residual trade barriers would deliver relevant welfare gains stemming from lower production costs, smaller markups, lower prices, larger firm scale and richer product variety. We believe our analysis provides enough ground to support the inclusion of firm heterogeneity and selection effects in the standard toolkit of trade policy evaluation.
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Suggested citation: Gregory Corcos, Massimo Del Gatto, Giordano Mion, Gianmarco I.P. Ottaviano, Productivity and Firm Selection: Quantifying the ‘New’ Gains from Trade, The Economic Journal, Volume 122, Issue 561, pages 754–798, June 2012, DOI: 10.1111/j.1468-0297.2011.02487.x |
| 特色分类 | F12;R13
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| 关键词 | European Integration
Firm-level Data
Firm Selection
Gains from Trade
Total Factor Productivity
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/productivity-and-firm-selection-quantifying-the-new-gains-from-trade/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117678
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推荐引用方式
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Gregory Corcos,Massimo Del Gatto,Giordano Mion,等. Productivity and Firm Selection: Quantifying the “New” Gains from Trade. 2009.
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