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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP4952 |
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 |
URL | https://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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