| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1349 |
| DP1349 Currency Crashes in Emerging Markets: Empirical Indicators | |
| Jeffrey Frankel; Andrew Rose | |
| 发表日期 | 1996-02-29 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | We analyse the effects of trade liberalization on firms' decisions and profits, and on consumers' welfare, in a product differentiation model with countries of different size. Firms decide product specifications at the beginning of the game, in which autarky is followed by trade liberalization (whose date is anticipated). Despite the heterogeneity, the highest level of welfare is attained for both countries when trade opens immediately. The impact on firms' profits can differ, however. Small country's firms benefit from larger market size but are disadvantaged when the scale of the home market affects the product choice decision. The opposite is true for the firm located in the large country. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Country size International trade Product differentiation Trade liberalization |
| URL | https://cepr.org/publications/dp1349 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530489 |
| 推荐引用方式 GB/T 7714 | Jeffrey Frankel,Andrew Rose. DP1349 Currency Crashes in Emerging Markets: Empirical Indicators. 1996. |
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