| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13946 |
| DP13946 Intersectoral linkages: Good shocks, bad outcomes? | |
| Kristian Behrens; Sergey Kichko; Philip Ushchev | |
| 发表日期 | 2019-08-21 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We analyze multisector models with endogenous product variety and derive general results on the magnitude of welfare changes due to sector-specific price shocks. Intersectoral linkages magnify or dampen these shocks, depending on complementarity or substitutability in consumers’ preferences. Under the widely used combination of Cobb-Douglas-CES utilities and monopolistic competition, intersectoral linkages disappear. This does not hold with more general preferences or market structures, where sector-specific price shocks that are a priori welfare improving can turn out to be welfare worsening economy-wide. We illustrate this result with several examples, in particular where one sector is ‘granular’ and the other is monopolistically competitive. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Intersectoral linkages Sectoral shocks Welfare changes Complementarity Substitutability |
| URL | https://cepr.org/publications/dp13946 |
| 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/542827 |
| 推荐引用方式 GB/T 7714 | Kristian Behrens,Sergey Kichko,Philip Ushchev. DP13946 Intersectoral linkages: Good shocks, bad outcomes?. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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