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Heterogeneous Firms and Trade / Marc J. Melitz, Stephen J. Redding.
- Format:
- Book
- Author/Creator:
- Melitz, Marc J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w18652.
- NBER working paper series no. w18652
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Heterogeneous Firms and Trade
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2012.
- Summary:
- This paper reviews the new approach to international trade based on firm heterogeneity in differentiated product markets. This approach explains a variety of features exhibited in disaggregated trade data, including the higher productivity of exporters relative to non-exporters, within-industry reallocations of resources following trade liberalization, and patterns of trade participation across firms and destination markets. Accounting for these empirical patterns reveals new mechanisms through which the aggregate economy is affected by trade liberalization, including endogenous increases in average industry and firm productivity.
- Notes:
- Print version record
- December 2012.
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