dc.contributor.author | STÖLTING, Sarah | |
dc.date.accessioned | 2009-06-03T14:05:59Z | |
dc.date.available | 2009-06-03T14:05:59Z | |
dc.date.issued | 2009 | |
dc.identifier.issn | 1725-6704 | |
dc.identifier.uri | https://hdl.handle.net/1814/11455 | |
dc.description.abstract | This paper develops an endogenous growth model with heterogeneous firms to analyze
the impact of intra-industry trade on productivity growth. Growth is generated by selection,
and sustained by entrants imitating successful incumbents. Firms are subject to idiosyncratic
productivity shocks and some firms, mostly those with relatively low productivity levels, are
forced to exit. This results in an increase in average productivity of the economy. The intraindustry
effect of trade works through self-selection of the most productive firms into the export
market. It leads to a reallocation of resources towards more efficient firms. Since the effect of
selection and imitation on growth is amplified by the trade-induced selection process, opening
up to trade increases the growth rate of productivity. | en |
dc.format.mimetype | application/pdf | |
dc.language.iso | en | en |
dc.relation.ispartofseries | EUI ECO | en |
dc.relation.ispartofseries | 2009/21 | en |
dc.rights | info:eu-repo/semantics/openAccess | |
dc.subject | Endogenous growth | en |
dc.subject | Intra-industry trade | en |
dc.subject | Heterogeneous firms | en |
dc.subject | Selection | en |
dc.subject | F10 | en |
dc.subject | L11 | en |
dc.subject | O40 | en |
dc.title | International Trade and Growth: The Impact of Selection and Imitation | en |
dc.type | Working Paper | en |
dc.neeo.contributor | STÖLTING|Sarah|aut| | |
eui.subscribe.skip | true | |