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January 29, 2010 | History

The impact of trade on aggregate productivity and welfare with heterogeneous firms and business cycle uncertainty 1 edition

The impact of trade on aggregate productivity and welfare with heterog ...
Jang Ping Thia

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The impact of trade on aggregate productivity and welfare with heterogeneous firms and business cycle uncertainty
Jang Ping Thia.

Published 2008 by Centre for Economic Performance, London School of Economics and Political Science in London .
Written in English.

About the Book

This paper presents a model with monopolistic competition, productively heterogeneous firms, and business cycle aggregate shocks. With firm-specific productive heterogeneity, weaker firms quit when faced with a negative aggregate shock. Consequently, trade does not always increase firm-level aggregate productivity as negative shocks on the home market can be compensated for by positive shocks elsewhere. Weaker firms, which would otherwise quit in autarky, can continue to operate by exporting. Despite this, trade can still improve welfare for risk-averse consumers by reducing aggregate price fluctuations.

Edition Notes

Title from PDF file (viewed on Oct. 10, 2008).

"July 2008."

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Series
CEP discussion paper -- no. 883

Classifications

Library of Congress
HC10

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL22649249M
LC Control Number
2008613847

History Created December 11, 2009 · 2 revisions Download catalog record: RDF / JSON

January 29, 2010 Edited by WorkBot add more information to works
December 11, 2009 Created by WorkBot add works page