SSE/EFI Working Paper Series in Economics and Finance
No 727:
Learning How to Export
Paul Segerstrom ()
and Ignat Stepanok ()
Abstract: In this paper, we present a standard quality ladders
endogenous growth model with one significant new assumption, that it takes
time for firms to learn how to export. We show that this model without
Melitz-type assumptions can account for all the evidence that the Melitz
(2003) model was designed to explain plus much evidence that the Melitz
model cannot account for. In particular, consistent with the empirical
evidence, we find that trade liberalization leads to a higher exit rate of
firms, that exporters charge higher prices for their products and that many
large firms do not export.
Keywords: trade liberalization; heterogenous firms; quality ladders; endogenous growth; (follow links to similar papers)
JEL-Codes: F12; F13; F43; O31; O41; (follow links to similar papers)
37 pages, April 12, 2010, Revised November 1, 2011
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