| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11165 |
| 来源ID | Working Paper 11165 |
| Productivity Spillovers, Terms of Trade and the \"Home Market Effect\" | |
| Giancarlo Corsetti; Philippe Martin; Paolo A. Pesenti | |
| 发表日期 | 2005-03-07 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper analyzes the welfare implications of international spillovers related to productivity gains, changes in market size, or government spending. We introduce trade costs and endogenous varieties in a two-country general-equilibrium model with monopolistic competition, drawing a distinction between productivity gains that enhance manufacturing efficiency, and gains that lower the cost of firms' entry and product differentiation. Our model suggests that countries with lower manufacturing costs have higher GDP but supply a smaller number of goods at a lower international price. Countries with lower entry and differentiation costs also have higher GDP, but supply a larger array of goods at improved terms of trade. The sign of the international welfare spillovers depends on terms of trade, but also on consumers' taste for variety. Higher domestic demand has macroeconomic implications that are similar to those of a reduction in firms' entry costs. |
| 主题 | International Economics ; International Macroeconomics ; International Finance |
| URL | https://www.nber.org/papers/w11165 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568802 |
| 推荐引用方式 GB/T 7714 | Giancarlo Corsetti,Philippe Martin,Paolo A. Pesenti. Productivity Spillovers, Terms of Trade and the \"Home Market Effect\". 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11165.pdf（290KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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