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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w26468 |
来源ID | Working Paper 26468 |
Trade Wars, Technology and Productivity | |
Ching-mu Chen; Wan-Jung Cheng; Shin-Kun Peng; Raymond Riezman; Ping Wang | |
发表日期 | 2019-11-18 |
出版年 | 2019 |
语种 | 英语 |
摘要 | If international trade is strictly trade in intermediate goods, would the common presumption, that small, less developed economies (the South) lose from trade wars still be true? We address this question by constructing a dynamic general equilibrium model in which the North and the South trade technology-embodied intermediate goods. We show that the detrimental effects of the trade war are mitigated by the fact that producers in the South can adjust their choice of imported intermediate goods and their investment in domestic technologies. We establish sufficient conditions under which the steady-state trade equilibrium length of the production line and the range of domestic production in the South both expand in response to a tariff war. It thereby creates a novel channel of scale-scope trade-off: The South counters the losses from trade protection in the volume and value of trade (scale) with an upward movement along the value chain (scope). As a result, average productivity in the South and aggregate technology used by the South both turn out to be higher. |
主题 | Microeconomics ; Behavioral Economics ; International Economics ; Trade ; Development and Growth ; Innovation and R& ; D |
URL | https://www.nber.org/papers/w26468 |
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/584139 |
推荐引用方式 GB/T 7714 | Ching-mu Chen,Wan-Jung Cheng,Shin-Kun Peng,et al. Trade Wars, Technology and Productivity. 2019. |
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 | ||
w26468.pdf(587KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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