Income Distribution, Product Quality, and International Trade
نویسندگان
چکیده
منابع مشابه
Product Quality, Firm Heterogeneity and International Trade∗
I explore variation in price and export status in industries where I can estimate product quality and technical efficiency separately. The empirical results show that prices are increasing in quality and decreasing in efficiency and that selection into exporting is driven mainly by quality. Firms export because they generate more demand for their products, not because they can produce at lower ...
متن کاملInternational Trade and Income Inequality∗
We propose a theory that explains why international trade can widen a wage gap between top income-earners and others. In the basic model, we consider two symmetric countries in which individuals with different abilities work either as knowledge workers, who develop products produced in a differentiated-good sector, or as production workers, who engage in actual production processes. In equilibr...
متن کاملTrade Liberalization and Income Distribution
Empirical work relating trade liberalization and income distribution has identified an important anomaly. The Stolper-Samuelson theorem predicts that trade liberalization will shift income toward a country’s abundant factor. For developing countries, this suggests liberalization will principally benefit the abundant unskilled labor. Yet extensive empirical studies have identified many cases wit...
متن کاملNational Income Distributions and International Trade Flows
In this paper we model the pattern of international trade, and technological innovation and imitation between industrialized and developing regions, when preferences are nonhomothetic. By and large, models of the dynamics of North-South trade impose the assumption of unit income elasticity for all consumption goods. We relax this assumption and incorporate the insight from Engel’s Law: The budg...
متن کاملInstitutional Quality and International Trade
Institutions — quality of contract enforcement, property rights, shareholder protection, and the like — have received a great deal of attention in recent years. Yet trade theory has not considered the implications of institutional differences, beyond treating them simply as different technologies or taxes. The purpose of this paper is twofold. First, we propose a simple model of international t...
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 2011
ISSN: 0022-3808,1537-534X
DOI: 10.1086/662628