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Multi-Product Firms and Trade Liberalization
| Content Provider | Semantic Scholar |
|---|---|
| Author | Andrew Bernard Stephen Redding Peter Schott, Peter K. |
| Copyright Year | 2006 |
| Abstract | 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 firmlevel “managerial ability” and firm-product-level “product expertise”, both of which are stochastic and unknown prior to the firm’s payment of a sunk cost of entry. Firm productivity is positively correlated across products, which in equilibrium induces a positive correlation between a firm’s intensive (output per product) and extensive (number of products) margins. Trade liberalization fosters productivity growth both within-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. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.bancaditalia.it/pubblicazioni/altri-atti-seminari/2009/bernard_redding_schott.pdf?language_id=1 |
| Alternate Webpage(s) | http://www.aeaweb.org/annual_mtg_papers/2009/retrieve.php?pdfid=224 |
| Alternate Webpage(s) | http://www.econ.kuleuven.be/ces/seminars/LICOS-CES-VIVES%20Seminar%20-%20A%20Bernard%2028-01-10.pdf |
| Alternate Webpage(s) | http://www.princeton.edu/~reddings/papers/mpt_077.pdf |
| Alternate Webpage(s) | http://www.ecore.be/Papers/1263380427.pdf |
| Alternate Webpage(s) | http://mba.tuck.dartmouth.edu/pages/faculty/andrew.bernard/mptrade.pdf |
| Alternate Webpage(s) | http://www.aeaweb.org/assa/2009/retrieve.php?pdfid=224 |
| Alternate Webpage(s) | http://faculty.tuck.dartmouth.edu/images/uploads/faculty/andrew-bernard/mpt.pdf |
| Alternate Webpage(s) | http://cep.lse.ac.uk/seminarpapers/11-10-06-RED.pdf |
| Alternate Webpage(s) | http://faculty.som.yale.edu/peterschott/files/research/papers/mpt_187.pdf |
| Alternate Webpage(s) | http://www.econ.kuleuven.ac.be/eng/ew/seminars/LICOS-CES-VIVES%20Seminar%20-%20A%20Bernard%2028-01-10.pdf |
| Alternate Webpage(s) | http://faculty.som.yale.edu/peterschott/files/research/papers/mpt_201.pdf |
| Alternate Webpage(s) | http://faculty.som.yale.edu/peterschott/files/research/papers/mpt_079.pdf |
| Alternate Webpage(s) | https://www.aeaweb.org/conference/2009/retrieve.php?pdfid=224 |
| Alternate Webpage(s) | https://www.imtlucca.it/news-events/files/paper/006708_000318_.pdf |
| Alternate Webpage(s) | http://faculty.tuck.dartmouth.edu/images/uploads/faculty/andrew-bernard/qje-mptrade.pdf |
| Language | English |
| Access Restriction | Open |
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| Content Type | Text |
| Resource Type | Article |
