| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13219 |
| DP13219 Trade and Domestic Policies under Monopolistic Competition | |
| Alessia Campolmi; Harald Fadinger; Chiara Forlati | |
| 发表日期 | 2018-10-05 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Should trade agreements also constrain domestic policies? We analyze this question from the perspective of models with monopolistic competition, potentially heterogeneous firms, and multiple sectors. We propose a welfare decomposition based on principles from welfare economics to show that, in a broad class of models, welfare changes induced by trade and domestic policies can be exactly decomposed into consumption-efficiency, production-efficiency and terms-of-trade effects. Using this decomposition, we compare trade agreements with different degrees of integration and show how their performance is affected by the interaction between firm heterogeneity and the relative importance of production efficiency versus terms-of-trade effects. We consider several forms of shallow trade agreements, modeled according to GATT-WTO rules, and show that they are not sufficient to achieve the full benefits of globalization that can be obtained with a deep trade agreement coordinating both trade and domestic policies. Moreover, the distortions arising from uncoordinated domestic policies under shallow free trade agreements increase when physical trade costs fall, thus raising the benefits of deep trade integration. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Heterogeneous firms Trade policy Domestic policy Trade agreements Terms of trade Efficiency Tariffs and subsidies |
| URL | https://cepr.org/publications/dp13219-2 |
| 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/542026 |
| 推荐引用方式 GB/T 7714 | Alessia Campolmi,Harald Fadinger,Chiara Forlati. DP13219 Trade and Domestic Policies under Monopolistic Competition. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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