全球智库信息集成服务系统(G2TT): DP14203 Trade, Productivity and (Mis)allocation

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP14203
	DP14203 Trade, Productivity and (Mis)allocation
	Kalina Manova; Antoine Berthou; Charlotte Sandoz; John Jong-Hyun Chung
发表日期	2019-12-13
出版年	2019
语种	英语
摘要	We examine the gains from globalization in the presence of firm heterogeneity and potential resource misallocation. We show theoretically that without distortions, bilateral and export liberalizations increase aggregate welfare and productivity, while import liberalization has ambiguous effects. Resource misallocation can either amplify, dampen or reverse the gains from trade. Using model-consistent measures and unique new data on 14 European countries and 20 industries in 1998-2011, we empirically establish that exogenous shocks to export demand and import competition both generate large aggregate productivity gains. Guided by theory, we provide evidence consistent with these effects operating through reallocations across firms in the presence of distortions: (i) Both export and import expansion increase average firm productivity, but the former also shifts activity towards more productive firms, while the latter acts in reverse. (ii) Both export and import exposure raise the productivity threshold for survival, but this cut-off is not a sufficient statistic for aggregate productivity. (iii) Efficient institutions, factor and product markets amplify the gains from import competition but dampen those from export access.
主题	Development Economics ; International Trade and Regional Economics ; Macroeconomics and Growth
关键词	International trade Export demand Import competition Productivity Allocative efficiency Misallocation
URL	https://cepr.org/publications/dp14203
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/543089
推荐引用方式 GB/T 7714	Kalina Manova,Antoine Berthou,Charlotte Sandoz,et al. DP14203 Trade, Productivity and (Mis)allocation. 2019.