| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13584 |
| DP13584 Geography, Competition, and Optimal Multilateral Trade Policy | |
| Gianmarco Ottaviano; Antonella Nocco; Matteo Salto | |
| 发表日期 | 2019-03-14 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | How should multilateral trade policy be designed in a world in which countries differ in terms of market access and technology, and firms with market power differ in terms of productivity? We answer this question in a model of monopolistic competition in which variable markups increasing in firm size are a key source of misallocation across firms and countries. We use `disadvantaged' to refer to countries with smaller market size, worse state of technology (in terms of higher innovation and production costs), and worse geography (in terms of more remoteness from other countries). We show that, in a global welfare perspective, optimal multilateral trade policy should: promote the sales of low cost firms to all countries, but especially to disadvantaged ones; trim the sales of high cost firms to all countries, but especially to disadvantaged ones; reduce firm entry in all countries, but especially in disadvantaged ones. This would not only restore efficiency but also reduce welfare inequality between advantaged and disadvantaged countries if their differences in market size, state of technology and geography are large enough. |
| 主题 | International Trade and Regional Economics |
| 关键词 | International trade policy Monopolistic competition Firm heterogeneity Pricing to market Multilateralism |
| URL | https://cepr.org/publications/dp13584 |
| 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/542442 |
| 推荐引用方式 GB/T 7714 | Gianmarco Ottaviano,Antonella Nocco,Matteo Salto. DP13584 Geography, Competition, and Optimal Multilateral Trade Policy. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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