Symmetric and Asymmetric Trade with Heterogeneous Firms (CEIBS Working Paper, No. 010/2020/ECO)

Jiahua Che, Wen Zhou

科研成果: 工作论文

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摘要

We show that, independent of entry/exit a la Hopenhayn and market size expansion, trade with firm heterogeneity always crowds out less productive firms when countries are symmetric. When countries are asymmetric, however, trade can crowd in less productive firms and less productive firms almost always specialize in trade. We analyze how a country’s standing in the world determines whether and how these phenomena will arise. Our paper helps reconcile empirical findings that are contradictory to the existing theoretical literature, and highlights the importance of country heterogeneity in understanding trade with firm heterogeneity.
源语言英语
已出版 - 1 1月 2020

Source

China Europe International Business School (CEIBS)

关键词

  • Asymmetric Trade
  • Country Standing
  • Crowd-In
  • Firm heterogeneity
  • Reverse-Selection

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