Arbeitspapier

Trade with R&D costs to entering foreign markets

In this paper, we present a standard quality ladders endogenous growth model with one significant new assumption, that it takes time for firms to learn how to export. We show that this model without Melitz-type assumptions can account for all the evidence that the Melitz (2003) model was designed to explain plus much evidence that the Melitz model cannot account for. In particular, consistent with the empirical evidence, we find that trade liberalization leads to a higher exit rate of firms, that exporters charge higher prices for their products and that many large firms do not export.

Sprache
Englisch

Erschienen in
Series: SSE/EFI Working Paper Series in Economics and Finance ; No. 727

Klassifikation
Wirtschaft
Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
Trade Policy; International Trade Organizations
Economic Growth of Open Economies
Innovation and Invention: Processes and Incentives
One, Two, and Multisector Growth Models
Thema
Trade liberalization
heterogeneous firms
quality ladders
endogenous growth
Neue Wachstumstheorie
Außenhandelsliberalisierung
Unternehmensentwicklung
Betriebliche Forschung
Produktqualität
Exportindustrie

Ereignis
Geistige Schöpfung
(wer)
Segerstrom, Paul S.
Stepanok, Ignat
Ereignis
Veröffentlichung
(wer)
Stockholm School of Economics, The Economic Research Institute (EFI)
(wo)
Stockholm
(wann)
2010

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Segerstrom, Paul S.
  • Stepanok, Ignat
  • Stockholm School of Economics, The Economic Research Institute (EFI)

Entstanden

  • 2010

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