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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP3747 |
DP3747 An Information-Based Trade-off Between Foreign Direct Investment and Foreign Portfolio Investment: Volatility, Transparency and Welfare | |
Assaf Razin; Itay Goldstein | |
发表日期 | 2003-02-23 |
出版年 | 2003 |
语种 | 英语 |
摘要 | In this study we derive a structural econometric model of learning by doing with multiproduct competition from a dynamic oligopoly game. We show the importance to account for multiproduction effects through product differentiation when measuring learning by doing. Using quarterly firm-level data for the dynamic random access memory semiconductor industry, we provide evidence that accounting for multiproduction results in lower learning effects and firms behaving more competitive in the product market. We can confirm that firms follow intertemporal production plans for investing in future cost reductions. We also find that learning effects are higher at the beginning of the life cycle. |
主题 | Industrial Organization |
关键词 | Dynamic random access memory Dynamics Economies of scale Learning by doing Multiproduct firms Product life cycle Product market competition Semiconductors Spillovers |
URL | https://cepr.org/publications/dp3747 |
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/532753 |
推荐引用方式 GB/T 7714 | Assaf Razin,Itay Goldstein. DP3747 An Information-Based Trade-off Between Foreign Direct Investment and Foreign Portfolio Investment: Volatility, Transparency and Welfare. 2003. |
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