| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13538 |
| DP13538 Harmful Pro-Competitive Effects of Trade in Presence of Credit Market Frictions | |
| Reto Foellmi; Manuel Oechslin | |
| 发表日期 | 2019-02-16 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We explore the consequences of international trade in an economy that encompasses technology choice and an endogenous distribution of mark-ups due to credit market frictions. We show that in such an environment a gradual opening of trade may -- but not necessarily must -- have a negative impact on productivity and overall output. The reason is that the pro-competitive effects of trade reduce mark-ups and hence make access to credit more difficult for smaller firms. As a result, smaller firms -- while not driven out of the market -- may be forced to switch to less productive technologies. |
| 主题 | Industrial Organization ; International Trade and Regional Economics ; Labour Economics |
| 关键词 | International trade Credit market frictions Productivity Polarization |
| URL | https://cepr.org/publications/dp13538 |
| 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/542354 |
| 推荐引用方式 GB/T 7714 | Reto Foellmi,Manuel Oechslin. DP13538 Harmful Pro-Competitive Effects of Trade in Presence of Credit Market Frictions. 2019. |
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