Check nearby libraries
Buy this book
This paper develops a general equilibrium model of multi-product firms and analyzes their behavior during trade liberalization. Firm productivity in a given product is modeled as a combination of firm-level "ability" and firmproduct-level "expertise", both of which are stochastic and unknown prior to the firm's payment of a sunk cost of entry. Higher firm-level ability raises a firm's productivity across all products, which induces a positive correlation between a firm's intensive (output per product) and extensive (number of products) margins. Trade liberalization fosters productivity growth within and across firms and in aggregate by inducing firms to shed marginally productive products and forcing the lowest-productivity firms to exit. Though exporters produce a smaller range of products after liberalization, they increase the share of products sold abroad as well as exports per product. All of these adjustments are shown to be relatively more pronounced in countries' comparative advantage industries.
Check nearby libraries
Buy this book
Subjects
Free trade, Industrial productivityShowing 2 featured editions. View all 2 editions?
Edition | Availability |
---|---|
1
Multi-Product Firms and Trade Liberalization
2006, Centre for Economic Performance, London School of Economics and Political Science
Electronic resource
in English
|
zzzz
|
2 |
aaaa
Libraries near you:
WorldCat
|
Book Details
Edition Notes
"December 2006"
Includes bibliographical references.
The Physical Object
ID Numbers
Community Reviews (0)
Feedback?History
- Created September 29, 2008
- 3 revisions
Wikipedia citation
×CloseCopy and paste this code into your Wikipedia page. Need help?
December 15, 2009 | Edited by WorkBot | link works |
April 25, 2009 | Edited by ImportBot | add OCLC number |
September 29, 2008 | Created by ImportBot | Imported from Oregon Libraries MARC record. |