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`1992': Trade and Welfare; A General Equilibrium Model

Gasiorek, Michael; Smith, Alasdair; Venables, Anthony J - C.E.P.R. Discussion Papers - 1992

equilibrium model of trade under imperfect competition. The focus of the paper is the welfare consequences of reducing trade … barriers and the changes in production and trade flows with the rest of the world. Welfare changes by country are reported and … welfare effects arising from imperfect competition. Intra-EC trade liberalization has pro-competitive effects which make a …

Persistent link: https://www.econbiz.de/10005504484

Welfare and Trade Without Pareto

Head, Keith; Mayer, Thierry; Thoenig, Mathias - C.E.P.R. Discussion Papers - 2014

Quantifications of gains from trade in heterogeneous firm models assume that productivity is Pareto distributed. Replacing this assumption with log-normal heterogeneity retains some useful Pareto features, while providing a substantially better fit to sales distributions—especially in the left...

Persistent link: https://www.econbiz.de/10011083251

Monopolistic Competition and Optimum Product Selection: Why and how heterogeneity matters

Nocco, Antonella; Ottaviano, Gianmarco; Salto, Matteo - C.E.P.R. Discussion Papers - 2013

After some decades of relative oblivion, the interest in the optimality properties of monopolistic competition has recently re-emerged due to the availability of an appropriate and parsimonious framework to deal with firm heterogeneity. Within this framework we show that non-separable utility,...

Persistent link: https://www.econbiz.de/10011083607

Policy Uncertainty, Trade and Welfare: Theory and Evidence for China and the U.S.

Handley, Kyle; Limão, Nuno - C.E.P.R. Discussion Papers - 2013

accession. We also estimate a welfare gain of removing this TPU for U.S. consumers and find it is of similar magnitude to the U …

Persistent link: https://www.econbiz.de/10011083973

Innovation vs imitation and the evolution of productivity distributions

König, Michael; Lorenz, Jan; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2012

We develop a tractable dynamic model of productivity growth and technology spillovers that is consistent with the emergence of real world empirical productivity distributions. Firms can improve productivity by engaging in in-house R&D, or alternatively, by trying to imitate other firms’...

Persistent link: https://www.econbiz.de/10011083921

Multinationals, Endogenous Growth and Technological Spillovers: Theory and Evidence

Baldwin, Richard; Braconier, Henrik; Forslid, Rikard - C.E.P.R. Discussion Papers - 1999

FDI has received surprisingly little attention in theoretical and empirical work on openness and growth. This paper presents a theoretical growth model where MNCs directly affect the endogenous growth rate via technological spillovers. This is novel since other endogenous growth models with...

Persistent link: https://www.econbiz.de/10005504277

Industrial Location and Public Infrastructure

Martin, Philippe; Rogers, Carol Ann - C.E.P.R. Discussion Papers - 1994

This paper examines the impact of public infrastructure on industrial location when increasing returns are present. Poor infrastructure implies costs of Samuelson's `iceberg' form and alter trade both within and between countries. Trade integration implies that firms tend to locate in countries...

Persistent link: https://www.econbiz.de/10005504301

Small Fish - Big Issues The Effect of Trade Policy on the Global Shrimp Market

Debaere, Peter - C.E.P.R. Discussion Papers - 2005

other countries' welfare by affecting international goods prices. However, there exist very few empirical studies that …

Persistent link: https://www.econbiz.de/10005504674

Trade and Convergence Among Countries

Ben-David, Dan - C.E.P.R. Discussion Papers - 1995

This paper examines the relationship between trade and income convergence by focusing on groups of countries comprising major trade partners. The majority of these groups exhibited significant convergence. Furthermore, a comparison of the trade-based groups with different, randomly selected,...

Persistent link: https://www.econbiz.de/10005497780

Were Trade and Factor Mobility Substitutes in History?

Collins, William J; O'Rourke, Kevin Hjortshøj; … - C.E.P.R. Discussion Papers - 1997

Trade theorists have come to understand that their theory is ambiguous on the question: are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...

Persistent link: https://www.econbiz.de/10005497822