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来源类型Working Paper
规范类型报告
DOI10.3386/w26468
来源IDWorking 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
URLhttps://www.nber.org/papers/w26468
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/584139
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GB/T 7714
Ching-mu Chen,Wan-Jung Cheng,Shin-Kun Peng,et al. Trade Wars, Technology and Productivity. 2019.
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