全球智库信息集成服务系统(G2TT): Misallocation Under Trade Liberalization

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w26188
来源ID	Working Paper 26188
	Misallocation Under Trade Liberalization
	Yan Bai; Keyu Jin; Dan Lu
发表日期	2019-09-02
出版年	2019
语种	英语
摘要	This paper formalizes a classic idea that in second-best environments trade can induce welfare losses. In a framework that incorporates distortion wedges into a Melitz model, we analyze a channel in which trade can reduce allocative efficiency arising from the reallocation of resources. A key aggregate statistics that captures this negative selection is the gap between input and output shares. We derive sufficient conditions for reallocation loss due to trade under important distributions. Using Chinese manufacturing data, we show that this reallocation term is significantly negative, largely offsetting conventional gains to trade.
主题	Macroeconomics ; Consumption and Investment ; International Economics ; Trade ; Globalization and International Relations ; Industrial Organization ; Firm Behavior ; Development and Growth ; Growth and Productivity
URL	https://www.nber.org/papers/w26188
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/583860
推荐引用方式 GB/T 7714	Yan Bai,Keyu Jin,Dan Lu. Misallocation Under Trade Liberalization. 2019.