Trade Liberalization and Heterogeneous Technology Investments

Autor:	Maria Bas, Ivan Ledezma
Rok vydání:	2015
Předmět:	Economic integration business.industry Geography Planning and Development Distribution (economics) ComputingMilieux_LEGALASPECTSOFCOMPUTING International economics International trade Development Investment (macroeconomics) Trade cost Incentive Economics business Trade barrier Productivity Free trade
Zdroj:	Review of International Economics. 23:738-781
ISSN:	0965-7576
DOI:	10.1111/roie.12189
Popis:	We propose a trade model where heterogeneous firms decide on a productivity-enhancing technology investment. The model analyzes the impact of multilateral trade liberalization on firm- and industry-level productivity. Freer trade increases the incentives to invest in technology by raising export profits. It also dampens these incentives, however, as profits stemming from domestic sales are reduced. Only exporters benefit from the former positive effect. The shape of the distribution of efficiency draws, the level of trade costs and the technology intensity of the industry are key elements removing the ambiguities regarding the net impact of trade liberalization.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::d1dbe55831b43666e7218881cb0c08f7 https://doi.org/10.1111/roie.12189 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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