G2TT
来源类型Discussion paper
规范类型论文
来源IDDP8095
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
URLhttps://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.
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