| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15896 |
| DP15896 Government Policies in a Granular Global Economy | |
| Cecile Gaubert; Oleg Itskhoki; Maximilian Vogler | |
| 发表日期 | 2021-03-07 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | We use the granular model of international trade developed in Gaubert and Itskhoki (2021) to study the rationale and implications of three types of government interventions typically targeted at large individual firms - antitrust, trade and industrial policies. We find that in antitrust regulation, governments face an incentive to be overly lenient in accepting mergers of large domestic firms, which acts akin to beggar-thy-neighbor trade policy in sectors with strong comparative advantage. In trade policy, targeting large individual foreign exporters rather than entire sectors is desirable from the point of view of a national government. Doing so minimizes the pass-through of import tariffs into domestic consumer prices, placing a greater portion of the burden on foreign producers. Finally, we show that subsidizing `national champions' is generally suboptimal in closed economies as it leads to an excessive build-up of market power, but it may become unilaterally welfare improving in open economies. We contrast unilaterally optimal policies with the coordinated global optimal policy and emphasize the need for international policy cooperation in these domains. |
| 主题 | Industrial Organization ; International Trade and Regional Economics ; Macroeconomics and Growth |
| 关键词 | Granular comparative advantage Antitrust Import tariff Industrial policy |
| URL | https://cepr.org/publications/dp15896 |
| 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/544887 |
| 推荐引用方式 GB/T 7714 | Cecile Gaubert,Oleg Itskhoki,Maximilian Vogler. DP15896 Government Policies in a Granular Global Economy. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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