Firm heterogeneity and ricardian comparative advantage within and across sectors

研究成果: Article査読

15 被引用数 (Scopus)

抄録

This paper incorporates Melitz's Econometrica (71:1695-1725, 2003) heterogeneous-firm trade model in the Ricardian model of comparative advantage with a continuum of sectors introduced by Dornbusch et al. (Am Econ Rev 67(5), 823-839, 1977). In particular, we characterise the equilibrium outcomes when neither sectors nor countries are symmetric. We find that trade patterns can follow Ricardian comparative advantage, while wage rates are proportional to market size due to a home market effect. Interestingly, trade liberalisation hurts the large country but benefits the small one by reducing the number of sectors with two-way trade and expanding those with specialised (one-way) trade.

本文言語English
ページ(範囲)533-559
ページ数27
ジャーナルEconomic Theory
38
3
DOI
出版ステータスPublished - 2009 3 1
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学

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