| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10938 |
| DP10938 Betting on Exports: Trade and Endogenous Heterogeneity | |
| Alessandra Bonfiglioli; Gino Gancia; Rosario Crinò | |
| 发表日期 | 2015-11-15 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We study the equilibrium determinants of firm-level heterogeneity in a model in which firms can affect the variance of their productivity draws at the entry stage and explore the implications in closed and open economy. By allowing firms to choose the size of their investment in innovation projects of unknown quality, the model yields a Pareto distribution for productivity with a shape parameter that depends on industry-level characteristics. A novel result is that export opportunities, by increasing the payoffs in the tail, induce firms to invest in bigger projects with more spread-out outcomes. Moreover, when more productive firms also pay higher wages, trade amplifies wage dispersion by making all firms more unequal. These results are consistent with new evidence on how firm-level heterogeneity and wage dispersion vary in a panel of U.S. industries. Finally, we use patent data across U.S. states and over time to provide evidence in support of a specific mechanism of the model, namely, that export opportunities increase firm heterogeneity by fostering innovation. |
| 主题 | International Macroeconomics and Finance ; International Trade and Regional Economics ; Macroeconomics and Growth |
| 关键词 | Firm heterogeneity International trade Productivity dispersion Wage inequality |
| URL | https://cepr.org/publications/dp10938 |
| 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/539768 |
| 推荐引用方式 GB/T 7714 | Alessandra Bonfiglioli,Gino Gancia,Rosario Crinò. DP10938 Betting on Exports: Trade and Endogenous Heterogeneity. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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