TARIFFS, TRADE AND PRODUCTIVITY: A QUANTITATIVE EVALUATION OF HETEROGENEOUS FIRM MODELS

• 成果类型: Article
• 署名作者: Breinlich, Holger; Cunat, Alejandro
• 署名单位: University of Essex; University of Vienna
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12218
• 发表日期: 2016
• 页码: 1660-1702
• 关键词: INTERNATIONAL-TRADE; increasing returns; differentiation; LIBERALIZATION; TECHNOLOGY; pattern; IMPACT

摘要

We examine the quantitative predictions of heterogeneous firm in the context of the Canada-US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity and compare them to the post-CUSFTA increases observed in the data. Most models predict increases in measured productivity that are too low by an order of magnitude relative to predicted increases in trade flows. A multi-product firm extension that allows for within-firm productivity increases has the potential to reconcile model predictions with the data.