| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10187 |
| DP10187 Assessing Market Failures in Export Pioneering Activities: A Structural Estimation Approach | |
| Shang-Jin Wei | |
| 发表日期 | 2014-10-05 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | The paper provides a first structural-estimation-based assessment of an influential hypothesis that export pioneers are too few relative to social optimum due to knowledge spillover in new market explorations. Such market failure requires two inequalities to hold simultaneously: the discovery cost is greater than any individual firm'?s expected profit but smaller than the sum of all potential exporters' expected profits. Neither has to hold in the data. We estimate the structural parameters based on the customs data of Chinese electronics exports. While we find positive discovery cost and spillovers, "missing pioneers" are nonetheless a low probability event. |
| 主题 | Development Economics ; International Trade and Regional Economics |
| 关键词 | Discovery cost Industrial policy Knowledge spillover |
| URL | https://cepr.org/publications/dp10187 |
| 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/539019 |
| 推荐引用方式 GB/T 7714 | Shang-Jin Wei. DP10187 Assessing Market Failures in Export Pioneering Activities: A Structural Estimation Approach. 2014. |
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