The Elusive Pro-Competitive Effects of Trade

被引：128

作者：

Arkolakis, Costas ^{[1
,2
]}

Costinot, Arnaud ^{[2
,3
]}

Donaldson, Dave ^{[2
,3
]}

Rodriguez-Clare, Andrs ^{[2
,4
]}

机构：

[1] Yale Univ, New Haven, CT 06520 USA

[2] NBER, Cambridge, MA 02138 USA

[3] MIT, Cambridge, MA 02139 USA

[4] Univ Calif Berkeley, Berkeley, CA USA

来源：

REVIEW OF ECONOMIC STUDIES | 2019年 / 86卷 / 01期

关键词：

International trade; Monopolistic competition; Variable markups; Pro-competitive effect; Gravity models; INTERNATIONAL-TRADE; MONOPOLISTIC COMPETITION; MARKET-DISCIPLINE; EXCHANGE-RATES; PRODUCTIVITY; MARKUPS; MODELS; GLOBALIZATION; GAINS; ECONOMIES;

D O I：

10.1093/restud/rdx075

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We study the gains from trade liberalization in models with monopolistic competition, firm-level heterogeneity, and variable markups. For a large class of demand functions used in the international macro and trade literature, we derive a parsimonious generalization of the welfare formula in Arkolakis et al. (2012). We then use both estimates from micro-level trade data and evidence regarding firm-level pass-through to quantify the implications of this new formula. Within the class of models that we consider, our main finding is that gains from trade liberalization predicted by models with variable markups are equal to, at best, and slightly lower than, at worst, those predicted by models with constant markups. In this sense, pro-competitive effects of trade are elusive.

引用

页码：46 / 80

页数：35

共 74 条

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