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The impact of trade on intraindustry reallocation and aggregate industry productivity a comment
| Content Provider | Library of Congress - Books/Printed Material |
|---|---|
| Author | Baldwin, Richard E. Robert-Nicoud, Frédéric |
| Temporal Coverage | 2004 |
| Copyright Year | 2004 |
| Abstract | "Melitz (2003) demonstrates that greater trade openness raises industry productivity via a selection effect and via a production re-allocation effect. Our comment points out that the set-up assumed in the Melitz model displays a trade off between static and dynamic efficiency gains. That is, although freer trade improves industry productivity in a level sense, it harms it in a growth sense. To make this point as simply as possible, we introduce a slight modification to the model that endogenises the growth rate of industry productivity and we show that liberalisation slows growth"--National Bureau of Economic Research web site. |
| Language | English |
| Publisher | National Bureau of Economic Research |
| Publisher Place | Cambridge, MA |
| Part of Series | Catalog |
| Requires | HTML5 supported browser |
| Access Restriction | Open |
| Subject Keyword | Industrial Productivity Intra-industry Trade |
| Subject Domain (in LCSH) | Intra-industry trade |
| Subject Domain (in LCSH) | Industrial productivity |
| Subject Domain (in LCC) | HB1 |
| Content Type | Text |
| Resource Type | Book |
