| Record ID | marc_loc_2016/BooksAll.2016.part35.utf8:74663272:2286 |
| Source | Library of Congress |
| Download Link | /show-records/marc_loc_2016/BooksAll.2016.part35.utf8:74663272:2286?format=raw |
LEADER: 02286cam a22003137a 4500
001 2007618510
003 DLC
005 20070623082842.0
007 cr |||||||||||
008 070622s2006 enk sb 000 0 eng
010 $a 2007618510
040 $aDLC$cDLC
050 00 $aHC10
100 1 $aBernard, Andrew B.,$d1963-
245 10 $aMulti-Product Firms and Trade Liberalization$h[electronic resource] /$cAndrew B. Bernard, Stephen J. Redding and Peter K. Schott.
260 $aLondon :$bCentre for Economic Performance, London School of Economics and Political Science,$cc2006.
490 0 $aCEP discussion paper ;$vno. 769
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from publisher's abstract page (viewed on June 22, 2007).
500 $a"December 2006."
530 $aAlso available in print.
520 3 $aThis 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 firmproduct-level "expertise", both of which are stochastic and unknown prior to the firm's payment of a sunk cost of entry. Higher firm-level ability raises a firm's productivity across all products, which induces a positive correlation between a firm's intensive (output per product) and extensive (number of products) margins. Trade liberalization fosters productivity growth within and across firms and in aggregate by inducing firms to shed marginally productive products and forcing the lowest-productivity firms to exit. Though exporters produce a smaller range of products after liberalization, they increase the share of products sold abroad as well as exports per product. All of these adjustments are shown to be relatively more pronounced in countries' comparative advantage industries.
504 $aIncludes bibliographical references.
653 $aHeterogeneous firms ;$aEndogenous product scope ;$aLove of variety ;$aCore competency
700 1 $aRedding, Stephen.
700 1 $aSchott, Peter K.
710 2 $aLondon School of Economics and Political Science.$bCentre for Economic Performance.
856 40 $uhttp://cep.lse.ac.uk/pubs/download/dp0769.pdf