A Factor-Proportions Theory of Endogenous Firm Heterogeneity - GMPI seminar - FRB Dallas
نویسندگان
چکیده
In the model where the choices of technology by firms endogenously determine productivity differences, we investigate the link between factor endowment and the productivity both in the firm and industry levels. We find among others that firms in capital-abundant countries tend to adopt new advanced technologies more in their production processes, and that opening to international trade will not equalize factor prices across countries if their up-to-date technology levels are different, which in turn depends on their factor endowments. JEL Classification Numbers: F12, O30
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