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| Ruan, Jun; Gopinath, Munisamy. |
| The emerging literature on firm heterogeneity suggests that trade liberalization raises industry average productivity by forcing its least productive firms to exit. Consequently, resources and market shares are reallocated toward the industry¡¯s more productive firms. We extend firm-heterogeneity models of international trade to a cross-country setting to investigate the effects of trade liberalization on global productivity distribution, and resource and market share reallocation in processed food industries. We approximate the global productivity distribution using a kernel density estimator in 5 processed food industries for every period during 1993-2000. We find that the global productivity distribution shifts to the right with liberalized... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness; International Relations/Trade. |
| Ano: 2007 |
URL: http://purl.umn.edu/9807 |
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| Ruan, Jun; Gopinath, Munisamy; Buccola, Steven T.. |
| In this paper we investigate the welfare effects of technological convergence in the food industries. We extend Krugman's (1980) monopolistic competition model to allow for technological differences between two (groups of) countries. Technological convergence is reflected in a narrowing inter-country gap between fixed or marginal production cost, and the effects of convergence on output composition, factor rewards, trade pattern, and consumer welfare are derived. The theoretical predictions are examined and confirmed using an internationally comparable dataset. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness. |
| Ano: 2006 |
URL: http://purl.umn.edu/21373 |
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