| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6855 |
| DP6855 Network Structure and Strategic Investments: An Experimental Analysis | |
| Stephanie Rosenkranz; Utz Weitzel | |
| 发表日期 | 2008-06-20 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Recent theoretical work predicts that an important margin of adjustment to deregulation or trade reforms is the reallocation of output within firms through changes in their product mix. Empirical work has accordingly shifted its focus towards multi-product firms and their product mix decisions. Existing studies have however focused exclusively on the U.S. Using detailed firm-level data from India, we provide the first evidence on the patterns of multi-product firm production in a large developing country during a period (1989-2003) that spans large-scale trade and other market reforms. We find that in the cross-section, multi-product firms in India look remarkably similar to their U.S. counterparts, confirming the predictions of recent theoretical models. The time-series patterns however exhibit important differences. In contrast to evidence from the U.S., product churning - particularly product rationalization - is far less common in India. We thus find little evidence of "creative destruction". We also find no link between declines in tariffs on final goods induced by Indian's 1991 trade reform and product dropping. The lack of product dropping is consistent with the role of industrial regulation in India, which, like in many other developing countries, may prevent an efficient allocation of resources. |
| 主题 | International Trade and Regional Economics |
| 关键词 | India Multiproduct firms Trade liberalization Product churning Developing countries Creative destruction |
| URL | https://cepr.org/publications/dp6855 |
| 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/535696 |
| 推荐引用方式 GB/T 7714 | Stephanie Rosenkranz,Utz Weitzel. DP6855 Network Structure and Strategic Investments: An Experimental Analysis. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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