International trade and retail market performance and structure:Theory and empirical evidence
| Autor: | Horst Raff, Philipp Meinen |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
Retail market Distribution (economics) Monetary economics International trade IMPORTS 0502 economics and business Economics CHAINS 050207 economics Empirical evidence health care economics and organizations 050205 econometrics Consumer goods EXPORTS PRODUCTIVITY business.industry 05 social sciences technology industry and agriculture food and beverages Market concentration PROPENSITY SCORE Gains from trade Microdata (HTML) Propensity score matching Retail chains business Finance Retailing |
| Zdroj: | Meinen, P & Raff, H 2018, ' International trade and retail market performance and structure : Theory and empirical evidence ', Journal of International Economics, vol. 115, pp. 99-114 . https://doi.org/10.1016/j.jinteco.2018.08.010 |
| Popis: | We use Danish microdata for the period 1999 to 2008 to examine how greater consumer goods imports affect retail market performance and structure. Based on a propensity score matching approach, we estimate that retailers that start to import have 8% greater sales, 6% greater profits, and 2% greater markups in the year of import initiation compared to non-importing retailers. These differences are quite persistent. For instance, we estimate that cumulative sales of import starters are up to 30% higher on average after three years than for comparable non-importers. We also find that imports are associated with a higher exit probability of small retailers and greater local retail market concentration. We argue that the observed adjustments may imply additional gains from trade absent from models lacking a distribution sector. |
| Databáze: | OpenAIRE |
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