Comparative Advantage and Heterogeneous Firms

Released on by Andrew B. Bernard
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  • Comparative Advantage and Heterogeneous Firms Book Detail

  • Author : Andrew B. Bernard
  • Release Date : 2004
  • Publisher :
  • Genre : Diversification in industry
  • Pages : 76
  • ISBN 13 :
  • File Size : 14,14 MB
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Comparative Advantage and Heterogeneous Firms by Andrew B. Bernard PDF Summary

Book Description: This paper presents a model of international trade that features heterogeneous firms, relative endowment differences across countries, and consumer taste for variety. The paper demonstrates that firm reactions to trade liberalization generate endogenous Ricardian productivity responses at the industry level that magnify countries' comparative advantage. Focusing on the wide range of firm-level reactions to falling trade costs, the model also shows that, as trade costs fall, firms in comparative advantage industries are more likely to export, that relative firm size and the relative number of firms increases more in comparative advantage industries and that job turnover is higher in comparative advantage industries than in comparative disadvantage industries.

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Theories of heterogeneous firms and trade

Theories of heterogeneous firms and trade

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This paper reviews the recent theoretical literature on heterogeneous firms and trade, which emphasizes firm selection into international markets and reallocati