Author: Dukgeun AhnPublisher:
ISBN:
Category :
Languages : en
Pages : 114
Book Description
Three Essays on International Competition and Trade
Three Essays on International Trade Competition and Trade
Author: Tŏk-kŭn AnThree Essays in International Trade
Author: Thomas ChaneyPublisher:
ISBN:
Category :
Languages : en
Pages : 112
Book Description
(Cont.) This model provides some argument for competitive revaluations. In chapter 3, I build a dynamic model of trade with heterogeneous firms which extends the work of Melitz (2003). As countries open up to trade, they will experience a productivity overshooting. Aggregate productivity increases in the long run, but it increases even more so in the short run. When trade opens up, there are too many firms, inherited from the autarky era. The most productive foreign firms enter the domestic market. Competition is fierce. The least productive firms that are no more profitable are forced to stop production. Not only do the most productive firms increase their size because they export, but the least productive firms stop producing altogether. Aggregate productivity soars. As time goes by, firms start to exit because of age. Competition softens. Some less productive firms resume production. This pulls down aggregate productivity. The slower the exit of firms, the larger this overshooting phenomenon. This model also predicts that the price compression that accompanies trade opening may be dampened in the long run. It also predicts that inequalities should increase at the time when a country opens up to trade, and then gradually recede in the long run.
Three Essays on International Trade: Analyses of Vertical Specialization, Free Trade Agreement and International Quality Competition
Author: Geun Tae LeePublisher:
ISBN: 9780542888861
Category :
Languages : en
Pages : 258
Book Description
The present dissertation consists of two topics related to international trade. The first topic combines Free Trade Agreement (FTA) with vertical specialization. By adding vertical production relationship in Krishna's (1998) model using a double marginalization framework, we can check how firms' preferences change for bilateral arrangements according to the partner country's position in global vertical specialization. The conclusion is that countries prefer their partner standing on the opposite side in the spectrum of vertical specialization.
Three Essays on Oligopolistic Competition, Product Differentiation and International Trade
Author: Fayçal Régis SinaceurPublisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 0
Book Description
This Thesis presents three essays in the area of strategic trade theory and policy. The first essay presents an analysis of trade and welfare between countries with asymmetric conditions. A two-period two-country address model of product differentiation is examined in which firms face an initial period of autarky. Trade takes place in the subsequent period and firms fully anticipate switches in trade regimes. Results suggest that historical (domestic) conditions matter a lot on the international market place. Firms that come from countries with a larger market tend to develop longer product lines, which puts that country in a dominant position in international competition. The model is also used to analyse gains/losses from trade in relation to country size. The second essay investigates the differential effects of specific and ad-valorem tariffs on quality, price and welfare in an oligopolistic industry consisting of foreign and domestic firms. These effects are shown to depend on the location of the home and foreign firms in the quality spectrum. Both tariffs are ranked and conditions for either tariff to be welfare superior are derived. Finally, the third essay presents an analysis of trade policy with endogenous market structure. A "third market model" is specified. Using a simple framework in which industry structure is derived endogenously as the outcome of product line decisions by firms, we show that governments have an incentive to affect the equilibrium product composition by setting non-zero subsidy rates in order to maximize domestic welfare. Subsidies may be uniform or non-uniform across goods and the optimal policy exhibits strong discontinuities as domestic welfare maximization implies a switch of regimes.
Three Essays on Strategic Trade Policies
Author: Pei-Cheng LiaoPublisher:
ISBN:
Category : Quality assurance
Languages : en
Pages : 318
Book Description
Three Essays in Imperfect Competition, Political Economy and International Trade
Author: Jie MaThree Essays on Strategic Aspects of International Trade
Author: Jee-Hyeong ParkThree Essays on International Trade
Author: Su Wang (Ph. D.)Publisher:
ISBN:
Category :
Languages : en
Pages : 152
Book Description
This thesis consists of three essays about international trade and wage inequality. Essay I characterizes optimal trade and FDI policies in a model with monopolistic competition and firm-level heterogeneity similar to Helpman et al. (2004). I find that both the optimal import tariffs and the optimal FDI subsidies discriminate against the more profitable foreign firms. This is because of the existence of a wedge between the private incentives of exporting and FDI firms, and the incentive of the representative agent. Essay II develops an elementary theory of global supply chains. It considers a world economy with an arbitrary number of countries, one factor of production, a continuum of intermediate goods, and one final good. Production of the final good is sequential and subject to mistakes. In the unique free trade equilibrium, countries with lower probabilities of making mistakes at all stages specialize in later stages of production. Using this simple theoretical framework, it offers a first look at how vertical specialization shapes the interdependence of nations. Essay III proposes a model that has as ingredients heterogeneity of workers and firms, complementarity between occupations within each firm and complementarity between workers and firms/occupations. The competitive equilibrium features positive assortative matching and leads to both within- and between- firm wage variations. Comparative static results are then derived to generate new insights about changes in these components of wage inequality.
Author: Jai-June Kim