Information, international substitutability, and globalization

• 成果类型: Article
• 署名作者: Rauch, JE; Trindade, V
• 署名单位: University of California System; University of California San Diego; National Bureau of Economic Research; Syracuse University
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/000282803322157089
• 发表日期: 2003
• 页码: 775-791
• 关键词: trade; MODEL

摘要

Improved information allows home firms to rule out more potential foreign trade partners in advance of attempting to form a match. The increased responsiveness to country wage or goods price differentials resulting from this better first cut causes the general-equilibrium elasticity of substitution between national labor forces or the Armington elasticity of substitution between domestic and imported output to increase. Further results include an increase in the elasticity of domestic labor demand, an increase in the extent to which reductions in conventional trade barriers equalize national wages, and reduced natural protection for domestic producers.