| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5152 |
| DP5152 Coordination in Markets with Consumption Externalities: The Role of Advertising and Product Quality | |
| Tuvana Pastine; Ivan Pastine | |
| 发表日期 | 2005-07-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | We develop a criterion to distinguish two dominant paradigms of international trade theory: constant-returns perfectly competitive models, and increasing-returns monopolistically competitive models. Our analysis makes use of the pervasive presence of home-biased expenditure. It predicts that countries? relative output and their relative home biases are positively correlated in increasing-returns sectors (the ?home-bias effect?), while no such relationship exists in constant-returns sectors. This discriminating criterion turns out to be robust to a number of generalizations of the baseline model. Our empirical results suggest that the increasing-returns model fits particularly well for the mechanical and electrical engineering industries, which account for close to half of manufacturing output. |
| 主题 | International Trade and Regional Economics |
| 关键词 | International specialization New trade theory Home-market effects Border effects |
| URL | https://cepr.org/publications/dp5152 |
| 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/534037 |
| 推荐引用方式 GB/T 7714 | Tuvana Pastine,Ivan Pastine. DP5152 Coordination in Markets with Consumption Externalities: The Role of Advertising and Product Quality. 2005. |
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