SUNK COSTS OF R&D, TRADE AND PRODUCTIVITY: THE MOULDS INDUSTRY CASE

• 成果类型: Article
• 署名作者: Santos, Carlos Daniel
• 署名单位: Universidade Nova de Lisboa
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12343
• 发表日期: 2017
• 页码: 1626-1664
• 关键词: Firm Dynamics; estimators; FRAMEWORK

摘要

International trade can create conditions for technological innovation and productivity growth. The mechanism linking trade and innovation is simple. By increasing access to foreign markets, trade allows the best firms to exploit the economies of scale in R&D. The potential to steal market share increases as product differentiation decreases. To measure the empirical importance of this mechanism, I set up and estimate a dynamic equilibrium model with endogenous size and productivity decisions. I then illustrate how the European economic integration induced innovation in the Portuguese Moulds industry and how a potential withdrawal from the EU would negatively affect innovation.