One way to the top: How services boost the demand for goods

• 成果类型: Article
• 署名作者: Ariu, Andrea; Mayneris, Florian; Parenti, Mathieu
• 署名单位: University of Milan; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut; University of Quebec; University of Quebec Montreal; Universite Libre de Bruxelles
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2019.103278
• 发表日期: 2020
• 关键词: Demand complementarities; Goods & services; oligopoly; Finn-level exports; QUALITY

摘要

In this paper, we take advantage of a uniquely detailed dataset on firm-level exports of both goods and services to show that the provision of services increases firms' manufacturing export values, quantities and prices. The services provision accounts for up to 22.4% of the manufacturing exports of bi-exporters (i.e., the firms that export both goods and services), and 11.8% of overall goods exports from Belgium. To rationalize these findings, we propose a model of oligopolistic competition in which, by supplying services with their goods, firms increase their market share, and hence their market power and markup. This is possible because services act as a demand shifter for firms, thus increasing the perceived quality of their products. Our data provides compelling evidence in this direction. We finally also discuss the relevance of other theoretical rationalizations. (C) 2019 Elsevier B.V. All rights reserved.