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A model of heterogeneous firms with multiple products and two production factors (labor and capital) is used to study how trade liberalization affects firms’choices through both product and factor markets. Trade liberalization is shown to always redistribute capital toward more efficient firms...
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A model of heterogeneous firms with multiple products and two production factors (labor and capital) is used to study how trade liberalization affects firms' choices through both product and factor markets. Trade liberalization is shown to always redistribute capital toward more efficient firms...
Persistent link: https://www.econbiz.de/10008697568
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"Innovation and international trade are two important drivers of economic growth. These two activities perform differently under different types of market competition. This book - a collection of several important research publications by Larry D Qiu - discusses innovation and international...
Persistent link: https://www.econbiz.de/10012183402