Harmful Procompetitive Effects of Trade in Presence of Credit Market Frictions
نویسندگان
چکیده
منابع مشابه
Harmful Pro-Competitive Effects of Trade in Presence of Credit Market Frictions∗
We explore the consequences of international trade in an economy that encompasses technology choice and an endogenous distribution of mark-ups due to credit market frictions. We show that in such an environment a gradual opening of trade may —but not necessarily must —have a negative impact on productivity and overall output. The reason is that the pro-competitive effects of trade reduce mark-u...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 2019
ISSN: 0022-2879,1538-4616
DOI: 10.1111/jmcb.12634