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Thursday, August 6, 2020 | History

3 edition of Multi-product firms and trade liberalization found in the catalog.

Multi-product firms and trade liberalization

Andrew B. Bernard

Multi-product firms and trade liberalization

by Andrew B. Bernard

  • 28 Want to read
  • 12 Currently reading

Published by National Bureau of Economic Research in Cambridge, Mass .
Written in English

    Subjects:
  • Free trade,
  • Industrial productivity

  • Edition Notes

    StatementAndrew B. Bernard, Stephen J. Redding, Peter K. Schott.
    SeriesNBER working paper series -- no. 12782., Working paper series (National Bureau of Economic Research) -- working paper no. 12782.
    ContributionsRedding, Stephen., Schott, Peter K., National Bureau of Economic Research.
    The Physical Object
    Pagination52 p. ;
    Number of Pages52
    ID Numbers
    Open LibraryOL17631909M
    OCLC/WorldCa77538497

    The time-series patterns, however, exhibit important differences. In contrast to evidence from the United States, product churning, particularly product rationalization, is far less common in India. We find no link between product rationalization and output tariff declines following India's trade liberalization. Exporting requires fixed and iceberg trade costs (t) Firms optimize under quantity restriction. Quota license fee is like a per-unit trade cost (a od) to export from origin country o to destination country d (Irrazabal et al. )Price of variety with productivity j: a od > 0 imposes a disproportionate penalty on high productivity (i.e., high.

      Supplement to "Product differentiation, multi-product firms and estimating the impact of trade liberalization on productivity" The appendix contains more information on the data and presents more details on the estimation of the multi-product case. Finally, the conditions of invertibility of the input demand and investment functions are presented. MULTI-PRODUCT FIRMS AND TRADE LIBERALIZATION Andrew B. Bernard Stephen J. Redding Peter K. Schott November 4, This paper develops a general equilibrium model of multiple-product, multiple-destination –rms, which allows for heterogeneity in ability across –rms and in product attributes.

    Multi-Product Firms and Trade Liberalization 2 1. Introduction Firms producing multiple products dominate domestic production and international trade. In the U.S., firms manufacturing more than one product account for over 90% of total man-ufacturing shipments, while firms that export multiple products represent more than 95% of. We adopt the standard approach in the literature to estimate the effect of trade liberalization on firm‐level productivity (e.g., see Pavcnik (), Muendler (), Amiti and Konings () and Fernandes ()).


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Multi-product firms and trade liberalization by Andrew B. Bernard Download PDF EPUB FB2

Multi-Product Firms and Trade Liberalization Andrew B. Bernard, Stephen J. Redding, Peter K. Schott. NBER Working Paper No. Issued in December NBER Program(s):Industrial Organization, International Trade and Investment This paper develops a general equilibrium model of multi-product firms and analyzes their behavior during trade by: Bernard, Redding and Schott () show that symmetric trade liberalization can 3 yield within-firm productivity gains by inducing firms to reallocate resources to their most productive products.

ABSTRACT This paper develops a general equilibrium model of multi-product firms and analyzes their behavior during trade liberalization. Firm productivity in a given product is modeled as a combination of firm-level" ability" and. Multi-Product Firms and Trade Liberalization. The book was organized around the simple but appealing idea that all economic variables are the outcome of the forces of demand and supply, so.

Downloadable. This paper develops a general equilibrium model of multi-product firms and analyzes their behavior during trade liberalization. Firm productivity in a given product is modeled as a combination of firm-level "ability" and firm-product-level "expertise", both of which are stochastic and unknown prior to the firm's payment of a sunk cost of by: Across firms, we find that trade liberalization induces firms to reduce the range of products they produce, and firms exporting many products also serve many destinations and export more of a given product to a given destination.

Within firms, the distribution of exports across products is highly skewed, and product“ selection accounts for a. Multi-Product Firms and Trade Liberalization 3 dent, and unknown prior to firms paying a sunk Multi-product firms and trade liberalization book of entry.

These assumptions are meant to capture the idea that even though some firms are successful in a broad range of activities (e.g., General Electric), even the most successful firm may not be the most efficient producer of any given product. Multi-Product Firms and Product Switching Andrew B.

Bernard, Stephen J. Redding, Peter K. Schott. NBER Working Paper No. Issued in June NBER Program(s):International Trade and Investment This paper examines the frequency, pervasiveness and determinants of product switching among U.S. manufacturing firms. Multi-Product Firms and Trade Liberalization 2 1.

Introduction Firms producing multiple products dominate domestic production and international trade. In the United States, firms manufacturing more than one product account for more than 90 percent of total manufacturing shipments, while firmsthatexportmultiple. Dept.

of Economics, Princeton University, Princeton, NJU.S.A. and NBER and CEPR; [email protected] An earlier version of this paper was circulated under the title “Product Differentiation, Multi‐Product Firms and Structural Estimation of Productivity,” and is a revised version of Chapter 4 of my Ph.D.

thesis. We examine the global operations of multi-product firms. We present a flexible heterogeneous-firm trade model with either limited or strong scope for quality differentiation.

Using customs data for China during –, we empirically establish that firms allocate activity across products in line with a product hierarchy based on quality.

The lack of product dropping seems surprising given predictions from recent multi-product firm models in trade. For example, BRS (b), a multi-product extension of Melitz (), predict that a decline in trade costs causes firms to rationalize their extension by. Technical Appendix: Multi-Product Firms and Trade Liberalization 5 Once the sunk entry cost is paid, a –rm observes the common component of product attributes for each product, k, and the country-speci–c component of product attributes, jk, for each prod-uct and country.

The common component is drawn separately for each product from a. Get this from a library. Multi-product firms and trade liberalization. [Andrew B Bernard; Stephen Redding; Peter K Schott; National Bureau of Economic Research.] -- This paper develops a general equilibrium model of multi-product firms and analyzes their behavior during trade liberalization.

Firm productivity in a given product is modeled as a combination of. "Multi-product firms and trade liberalization," LSE Research Online Documents on EconomicsLondon School of Economics and Political Science, LSE Library.

Andrew B. Bernard & Stephen J. Redding & Peter K. Schott, "Multi-Product Firms and Trade Liberalization," NBER Working PapersNational Bureau of Economic Research, Inc.

Bernard, Redding and Schott [1] reveals that trade liberalization brings the reduction of trade cost, which is positive correlative to export intensive margin and export extensive margin of multi-product firm On the other hand, the decline in trade costs (import market) will bring more intense import competition.

Multi-Product Firms and Trade Liberalization. Andrew Bernard (), Stephen Redding and Peter Schott (). CEP Discussion Papers from Centre for Economic Performance, LSE. Abstract: This paper develops a general equilibrium model of multi-product firms and analyzes their behavior during trade liberalization.

Firm productivity in a given product is modeled as a combination of firm-level "ability. Multi-Product Firms and Trade Liberalization. Andrew Bernard (), Stephen Redding and Peter Schott (). Working Papers from U.S. Census Bureau, Center for Economic Studies.

Abstract: This paper develops a general equilibrium model of international trade that features selection across firms, products and countries. Firms’ export decisions depend on a combination of firm “productivity” and.

CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): This paper develops a general equilibrium model of international trade that features selection across rms, products and countries. Firms’export decisions depend on a combination of rm “productivity ” and rm-product-country “consumer tastes”, both of which are stochastic and unknown prior to the.

Abstract. This paper develops a general equilibrium model of multi-product firms and analyzes their behavior during trade liberalization.

Firm productivity in a given product is modeled as a combination of firm-level “managerial ability ” and firm-product-level “product expertise”, both of which are stochastic and unknown prior to the firm’s payment of a sunk cost of entry. MULTIPRODUCT FIRMS AND TRADE LIBERALIZATION∗ ANDREW B.

BERNARD STEPHEN J. REDDING PETER K. SCHOTT This article develops a general equilibrium model of multiple-product, multiple-destination firms, which allows for heterogeneity in ability across firms and in product attributes within firms.

Firms make endogenous entry and exit. Abstract. This paper investigates how economies of scope in multi-product firms interact with comparative advantage in determining the effect of trade liberalization on resource reallocation, using Belgian manufacturing firm- and firm-product-level data over the period This appendix contains additional technical derivations and supplementary material for the main paper.

Section 1 presents model solutions for the special case where firm productivity and consumer tastes are Pareto distributed. Section 2 contains the.