Globalization and the Gains from Variety
نویسندگان
چکیده
منابع مشابه
Globalization and the Gains from Variety
Since the seminal work of Krugman (1979), product variety has played a central role in models of trade and growth. In spite of the general use of love-of-variety models, there has been no systematic study of how the import of new varieties has contributed to national welfare gains in the United States. In this paper we show that the unmeasured growth in product variety from US imports has been ...
متن کاملNber Working Paper Series Globalization and the Gains from Variety
Since the seminal work of Krugman (1979), product variety has played a central role in models of trade and growth. In spite of the general use of love-of-variety models, there has been no systematic study of how the import of new varieties has contributed to national welfare gains in the United States. In this paper we show that the unmeasured growth in product variety from US imports has been ...
متن کاملGlobalization and the Gains from Variety: The Case of a Small Open Economy
Since the pioneering work of Krugman (1980) economists try to quantify the welfare gains from an increase in traded variety. The seminal work of Feenstra (1994) and its application to the U.S. of Broda and Weinstein (2006) allowed this quantification for the first time using highly disaggregated trade data. In this paper it is argued that size and openness of a country are important factors in ...
متن کاملDomestic productivity and variety gains from trade
JEL classification: F1 F12 We show theoretically and confirm empirically that domestic productivity has a significant impact on the demand for foreign varieties under the assumption that domestic and foreign varieties are imperfect substitutes. In particular, the demand for imported varieties ismore elastic for countries with comparative advantage. For an average good facing a median trade barr...
متن کاملGains from Product Variety and the Local Business Cycle∗
Net product entry is procyclical, which amplifies fluctuations in consumer welfare over the cycle if consumers have love for variety. Using barcode-level data covering grocery expenditures in 26 major cities, I establish that differences in city-level product entry are largely uncorrelated with local economic conditions. I provide evidence that city-level changes in product variety over the bus...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.596603