期刊
AMERICAN ECONOMIC REVIEW
卷 108, 期 12, 页码 3583-3625出版社
AMER ECONOMIC ASSOC
DOI: 10.1257/aer.20161965
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- Harvard Kennedy School
In many developing countries, the average firm is small, does not grow, and has low productivity. Lack of market integration and limited information on non-local products often leave consumers unaware of the prices and quality of non-local firms. They therefore mostly buy locally, limiting firms' potential market size (and competition). We explore this hypothesis using a natural experiment in the Kerala boat-building industry. As consumers learn more about non-local builders, high-quality builders gain market share and grow, while low-quality firms exit. Aggregate quality increases, as does labor specialization, and average production costs decrease. Finally, quality-adjusted consumer prices decline.
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