| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7479 |
| DP7479 Spatial Development | |
| Klaus Desmet; Esteban Rossi-Hansberg | |
| 发表日期 | 2009-09-27 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We analyze the impact of globalization on individual gains from trade in a general equilibrium model of monopolistic competition featuring product diversity, pro-competitive effects and income heterogeneity between and within countries. We show that, although trade reduces markups in both countries, its impact on variety depends on their relative position in the world income distribution: product diversity in the lower income country always expands, while that in the higher income country may shrink. When the latter occurs, the richer consumers in the higher income country may lose from trade because the relative importance of variety versus quantity increases with income. We illustrate this effect using data on GDP per capita and population for 186 countries, as well as parameter estimates for domestic income distributions. Our results suggest that U.S. trade with countries of similar GDP per capita makes all agents in both countries better off, whereas trade with countries having lower GDP per capita may adversely affect up to 11% of the U.S. population. |
| 主题 | International Trade and Regional Economics |
| 关键词 | General equilibrium Income heterogeneity Monopolistic competition Pro-competitive effects Product diversity |
| URL | https://cepr.org/publications/dp7479 |
| 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/536316 |
| 推荐引用方式 GB/T 7714 | Klaus Desmet,Esteban Rossi-Hansberg. DP7479 Spatial Development. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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