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来源类型Working Paper
规范类型报告
DOI10.3386/w18041
来源IDWorking Paper 18041
Competition, Markups, and the Gains from International Trade
Chris Edmond; Virgiliu Midrigan; Daniel Yi Xu
发表日期2012-05-03
出版年2012
语种英语
摘要We study the gains from trade in a model with endogenously variable markups. We show that the pro-competitive gains from trade are large if the economy is characterized by (i) extensive misallocation, i.e., large inefficiencies associated with markups, and (ii) a weak pattern of cross-country comparative advantage in individual sectors. We find strong evidence for both of these ingredients using producer-level data for Taiwanese manufacturing establishments. Parameterizations of the model consistent with this data thus predict large pro-competitive gains from trade, much larger than those in standard Ricardian models. In stark contrast to standard Ricardian models, data on changes in trade volume are not sufficient for determining the gains from trade.
主题Macroeconomics ; Consumption and Investment ; International Economics ; Trade ; Development and Growth ; Growth and Productivity
URLhttps://www.nber.org/papers/w18041
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/575717
推荐引用方式
GB/T 7714
Chris Edmond,Virgiliu Midrigan,Daniel Yi Xu. Competition, Markups, and the Gains from International Trade. 2012.
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