G2TT
来源类型Discussion paper
规范类型论文
来源IDDP13538
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
URLhttps://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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