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Articles 1 - 4 of 4
Full-Text Articles in International Economics
An Overlapping-Generations Model Of Firm Heterogeneity In Economic Development, Yu Chen, Haiwen Zhou
An Overlapping-Generations Model Of Firm Heterogeneity In Economic Development, Yu Chen, Haiwen Zhou
Economics Faculty Publications
We study firm heterogeneity in economic development in an overlapping-generations general equilibrium model in which manufacturing firms engage in oligopolistic competition. Individuals differ in their productivities in the manufacturing sector and choose to become entrepreneurs or workers. The model is surprisingly tractable. In the steady state, an increase in the entry barrier in the manufacturing sector or an increase in the percentage of income spent on the agricultural good decreases the wage rate, but the level of output in the manufacturing sector does not necessarily decrease. An increase in the degree of patience of an individual increases the steady state …
The Environmental Effects Of Trade And Environmental Policy Within And Across Sectors, Lawrence Dale Laplue Iii
The Environmental Effects Of Trade And Environmental Policy Within And Across Sectors, Lawrence Dale Laplue Iii
Doctoral Dissertations
In the first chapter of this dissertation I analyze how establishment-level choices and dynamics affect aggregate emissions outcomes. To do this I first decompose aggregate emissions into three channels: scale or country size, composition or sector market share, and aggregate technique or emissions intensity. I then extend the decomposition to show how the aggregate technique channel is driven by four establishment-level channels: entry, exit, reallocation of resources between survivors, and within-establishment adjustment of production techniques and emissions intensity. Using establishment-level emissions data and a unique empirical exercise I first show, empirically, how the relative importance of the composition and aggregate …
Catching Up Or Pulling Away: Intra-Industry Trade, Productivity Gaps And Heterogeneous Firms, Rod Falvey, David Greenaway, Zhihong Yu
Catching Up Or Pulling Away: Intra-Industry Trade, Productivity Gaps And Heterogeneous Firms, Rod Falvey, David Greenaway, Zhihong Yu
Rodney Falvey
In this paper we develop a heterogeneous firm, intra-industry trade model in which countries are asymmetric in both technology and size. In the trading equilibrium, the industry productivity levels countries are jointly determined by the technology gap and trade barriers. We find that the (exogenous) technological gap is a key determinant of the size and direction of the intra-industry resource reallocation introduced by trade. Most importantly, the effect of trade on the (endogenous) productivity gap could be non monotonic over time. In the short-run, where the number of incumbents cannot adjust to trade, the effect of import competition dominates and …
Financial Frictions And International Trade, Ruanjai Suwantaradon
Financial Frictions And International Trade, Ruanjai Suwantaradon
Research Collection School Of Economics
This paper studies the effects of financial market imperfections on a firm’s operating and exporting decisions. I introduce financial frictions into a trade model with heterogeneous firms along the line of Melitz (2003). With the presence of financial constraints, even among a group of firms with the same productivity level, firms that are more financially constrained operate on a less efficient scale, and as a result, may no longer find operating and/or exporting profitable. In addition, financial frictions may create a distortion compared to the Melitz (2003) world since operation and export participation may be undertaken by those with better …