G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4952
DP4952 Belief in a Just World and Redistributive Politics
Jean Tirole; Roland Benabou
发表日期2005-03-23
出版年2005
语种英语
摘要This paper analyses the welfare implications of international spillovers related to productivity gains, changes in market size, or government spending. We introduce trade costs and endogenous varieties in a two-country general-equilibrium model with monopolistic competition, drawing a distinction between productivity gains that enhance manufacturing efficiency, and gains that lower the cost of firms? entry and product differentiation. Our model suggests that countries with lower manufacturing costs have higher GDP but supply a smaller number of goods at a lower international price. Countries with lower entry and differentiation costs also have higher GDP, but supply a larger array of goods at improved terms of trade. The sign of the international welfare spillovers depends on terms of trade, but also on consumers? taste for variety. Higher domestic demand has macroeconomic implications that are similar to those of a reduction in firms? entry costs.
主题International Macroeconomics ; International Trade and Regional Economics
关键词Trade Productivity Terms of trade Taste for variety
URLhttps://cepr.org/publications/dp4952
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/533851
推荐引用方式
GB/T 7714
Jean Tirole,Roland Benabou. DP4952 Belief in a Just World and Redistributive Politics. 2005.
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