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Trade Policy and Industrial Sector Responses: Using Evolutionary Models to Interpret the Evidence / Erkan Erdem, James Tybout.
- Format:
- Book
- Author/Creator:
- Erdem, Erkan.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w9947.
- NBER working paper series no. w9947
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Trade Policy and Industrial Sector Responses
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2003.
- Summary:
- Firm- and plant-level empirical studies typically find that trade liberalization squeezes price-cost margins among import-competing firms, that this heightened competitive pressure induces productivity gains among these same firms, and that further efficiency gains come from market share reallocations. Using a computable industrial evolution model to simulate the dynamic effects of import competition, we demonstrate what types of managerial behavior, long-term transition paths and welfare effects are consistent with this set of stylized facts.
- Notes:
- Print version record
- September 2003.
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