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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2020.1
- 수록면
- 99 - 119 (21page)
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This paper constructs a simple model to explain how trade in vertically differentiated products affects the welfare of the trading countries when product quality can be selected by firms. We specifically devise a model showing that when trade expands a market, firms will intensively invest in R&D activities to build higher quality into their goods and thus benefit the entire region. We find that trade does not increase the variety of goods but increases their cost due to their higher quality. We conclude that quality improvement is the main mechanism that helps countries gain from trade in vertically differentiated goods.
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참고문헌 (24)
참고문헌 신청
Bhagwati, J. / 2012 / Intraindustry trade: issues and theory / Trade, Theory and Econometrics :23~38
Beloqui, L. / 2005 / Vertical Differentiation and Entry Deterrence: A Reconsideration :1
Bergoeing, R. / 2003 / Trade theory and trade facts
Bloom N. / 2016 / Trade induced technical change? The impact of Chinese imports on innovation, IT and productivity / The review of economic studies 83(1):87~117
Brito, R. D / 2012 / The quality-cost choice of R&D in the nations’ exports’ (No. wpe_286)
Beloqui, L. / 2005 / Vertical Differentiation and Entry Deterrence: A Reconsideration :1
Bergoeing, R. / 2003 / Trade theory and trade facts
Bloom N. / 2016 / Trade induced technical change? The impact of Chinese imports on innovation, IT and productivity / The review of economic studies 83(1):87~117
Brito, R. D / 2012 / The quality-cost choice of R&D in the nations’ exports’ (No. wpe_286)
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