期刊
QUARTERLY JOURNAL OF ECONOMICS
卷 126, 期 3, 页码 1271-1318出版社
OXFORD UNIV PRESS INC
DOI: 10.1093/qje/qjr021
关键词
F12; F13; L10
类别
资金
- ESRC [ES/H02123X/1] Funding Source: UKRI
- Economic and Social Research Council [ES/H02123X/1] Funding Source: researchfish
This article develops a general equilibrium model of multiple-product, multiple-destination firms, which allows for heterogeneity in ability across firms and in product attributes within firms. Firms make endogenous entry and exit decisions and each surviving firm chooses optimally the range of products to supply to each market. We show that the resulting selection, across and within firms, provides a natural explanation for a number of features of trade across firms, products, and countries. Using both time-series changes in trade policy and cross-section variation in trade, we provide empirical evidence in support of the predictions of the model.
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