Tradability, productivity, and understanding international economic integration:
"This paper develops a two-country macro model with endogenous tradability to study features of international economic integration. Recent episodes of integration in Europe and North America suggest some surprising observations: while quantities of trade have increased significantly, especially...
Gespeichert in:
Hauptverfasser: | , |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2005
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Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11637 |
Schlagworte: | |
Online-Zugang: | kostenfrei |
Zusammenfassung: | "This paper develops a two-country macro model with endogenous tradability to study features of international economic integration. Recent episodes of integration in Europe and North America suggest some surprising observations: while quantities of trade have increased significantly, especially along the extensive margin, price dispersion has not decreased and may even have increased. We propose a way of reconciling these price and quantity observations in a macroeconomic model where the decision of heterogeneous firms to trade internationally is endogenous. Trade is shaped both by the nature of heterogeneity--trade costs versus productivity--and by the nature of trade policies--cuts in fixed costs versus cuts in per unit costs like tariffs. For example, in contrast to tariff cuts, trade policies that work mainly by lowering various fixed costs of trade may have large effects on entry decisions at the extensive margin without having direct effects on price-setting decisions. Whether this entry raises or lowers overall price dispersion depends on the type of heterogeneity that distinguishes the new entrants from incumbent traders"--National Bureau of Economic Research web site. |
Beschreibung: | 36 S. graph. Darst. |
Internformat
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Datensatz im Suchindex
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author | Bergin, Paul R. Glick, Reuven 1951- |
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geographic | Europa Nordamerika Europe Commercial policy North America Commercial policy |
geographic_facet | Europa Nordamerika Europe Commercial policy North America Commercial policy |
id | DE-604.BV021273176 |
illustrated | Illustrated |
index_date | 2024-07-02T13:45:07Z |
indexdate | 2024-07-09T20:34:24Z |
institution | BVB |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-014594265 |
oclc_num | 62146071 |
open_access_boolean | 1 |
owner | DE-703 DE-521 DE-19 DE-BY-UBM |
owner_facet | DE-703 DE-521 DE-19 DE-BY-UBM |
physical | 36 S. graph. Darst. |
publishDate | 2005 |
publishDateSearch | 2005 |
publishDateSort | 2005 |
publisher | National Bureau of Economic Research |
record_format | marc |
series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
spelling | Bergin, Paul R. Verfasser (DE-588)128617411 aut Tradability, productivity, and understanding international economic integration Paul R. Bergin ; Reuven Glick Cambridge, Mass. National Bureau of Economic Research 2005 36 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11637 "This paper develops a two-country macro model with endogenous tradability to study features of international economic integration. Recent episodes of integration in Europe and North America suggest some surprising observations: while quantities of trade have increased significantly, especially along the extensive margin, price dispersion has not decreased and may even have increased. We propose a way of reconciling these price and quantity observations in a macroeconomic model where the decision of heterogeneous firms to trade internationally is endogenous. Trade is shaped both by the nature of heterogeneity--trade costs versus productivity--and by the nature of trade policies--cuts in fixed costs versus cuts in per unit costs like tariffs. For example, in contrast to tariff cuts, trade policies that work mainly by lowering various fixed costs of trade may have large effects on entry decisions at the extensive margin without having direct effects on price-setting decisions. Whether this entry raises or lowers overall price dispersion depends on the type of heterogeneity that distinguishes the new entrants from incumbent traders"--National Bureau of Economic Research web site. Ökonometrisches Modell International trade Econometric models Europa Nordamerika Europe Commercial policy North America Commercial policy Glick, Reuven 1951- Verfasser (DE-588)124786154 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11637 (DE-604)BV002801238 11637 http://papers.nber.org/papers/w11637.pdf kostenfrei Volltext |
spellingShingle | Bergin, Paul R. Glick, Reuven 1951- Tradability, productivity, and understanding international economic integration National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell International trade Econometric models |
title | Tradability, productivity, and understanding international economic integration |
title_auth | Tradability, productivity, and understanding international economic integration |
title_exact_search | Tradability, productivity, and understanding international economic integration |
title_exact_search_txtP | Tradability, productivity, and understanding international economic integration |
title_full | Tradability, productivity, and understanding international economic integration Paul R. Bergin ; Reuven Glick |
title_fullStr | Tradability, productivity, and understanding international economic integration Paul R. Bergin ; Reuven Glick |
title_full_unstemmed | Tradability, productivity, and understanding international economic integration Paul R. Bergin ; Reuven Glick |
title_short | Tradability, productivity, and understanding international economic integration |
title_sort | tradability productivity and understanding international economic integration |
topic | Ökonometrisches Modell International trade Econometric models |
topic_facet | Ökonometrisches Modell International trade Econometric models Europa Nordamerika Europe Commercial policy North America Commercial policy |
url | http://papers.nber.org/papers/w11637.pdf |
volume_link | (DE-604)BV002801238 |
work_keys_str_mv | AT berginpaulr tradabilityproductivityandunderstandinginternationaleconomicintegration AT glickreuven tradabilityproductivityandunderstandinginternationaleconomicintegration |