Firm-level comparative advantage

• 成果类型: Article
• 署名作者: Crozet, Matthieu; Trionfetti, Federico
• 署名单位: Universite Paris Saclay; Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS)
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2013.09.002
• 发表日期: 2013
• 页码: 321-328
• 关键词: Factor intensity; firm heterogeneity; Test of trade theories

摘要

We study the consequences of heterogeneity in factor intensity on firm performance. We present a standard Heckscher-Ohlin model augmented with factor intensity differences across firms within a country-industry pair. We show that for any two firms, each of whose capital intensity is, for instance, one percent above (below) its respective country-industry average, the relative marginal cost of the firm in the capital-intensive industry of the capital-abundant country is lower (higher) than that of the other firm. Our empirical analysis, conducted using data for a large panel of European firms, supports this prediction. These results provide a novel approach to the verification of the Heckscher-Ohlin theory and new evidence on its validity. (C) 2013 Elsevier B.V. All rights reserved.