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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP8095 |
DP8095 Import Competition and Exit in Business Services Sectors | |
Farid Toubal; Pamela Bombarda; Fergal McCann | |
发表日期 | 2010-11-08 |
出版年 | 2010 |
语种 | 英语 |
摘要 | Business services firms are increasingly under pressure from foreign competition. We develop an oligopolistic competition model that studies the effect of trade liberalization on exit and sectoral restructuring in the business services sector. We assume that firms are heterogeneous in their marginal costs, allowing the model to predict domestic M&A and exit by closedown, as well as foreign M&A. The model is brought to detailed French firm-level data on exit and M&A in the business services sector. The empirical analysis confirms that due to greater import penetration, French service firms exit by closedown and by M&A. Contrary to previous findings for manufacturing, we show that imports from high-income countries cause the majority of this exit, helping to inform the ongoing debate regarding the dangers of services trade liberalization. |
主题 | International Trade and Regional Economics |
关键词 | Services trade Exit Import competition Oligopoly Firm-level data |
URL | https://cepr.org/publications/dp8095 |
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/536955 |
推荐引用方式 GB/T 7714 | Farid Toubal,Pamela Bombarda,Fergal McCann. DP8095 Import Competition and Exit in Business Services Sectors. 2010. |
条目包含的文件 | 条目无相关文件。 |
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