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Essays in international trade and de...
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Sheveleva, Yelena.
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Essays in international trade and development.
紀錄類型:
書目-電子資源 : Monograph/item
正題名/作者:
Essays in international trade and development./
作者:
Sheveleva, Yelena.
面頁冊數:
144 p.
附註:
Source: Dissertation Abstracts International, Volume: 76-04(E), Section: A.
Contained By:
Dissertation Abstracts International76-04A(E).
標題:
Economics, Theory. -
電子資源:
http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3647509
ISBN:
9781321403015
Essays in international trade and development.
Sheveleva, Yelena.
Essays in international trade and development.
- 144 p.
Source: Dissertation Abstracts International, Volume: 76-04(E), Section: A.
Thesis (Ph.D.)--The Pennsylvania State University, 2014.
This item must not be sold to any third party vendors.
This dissertation consists of three essays spanning the fields of international trade and economic development. In the first essay, we ask why developing countries fail to specialize in products in which they (at least potentially) have a comparative advantage? For example, farmers in land-poor developing countries overwhelmingly produce staples rather than exotic fruits that command high prices. We propose a simple model of trade and intermediation that shows how holdup resulting from poor contracting environment can produce such an outcome. We use the model to examine which polices can help ameliorate the problem, even when its cause cannot be eliminated.
ISBN: 9781321403015Subjects--Topical Terms:
1017575
Economics, Theory.
Essays in international trade and development.
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Source: Dissertation Abstracts International, Volume: 76-04(E), Section: A.
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Adviser: Kala Krishna.
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This dissertation consists of three essays spanning the fields of international trade and economic development. In the first essay, we ask why developing countries fail to specialize in products in which they (at least potentially) have a comparative advantage? For example, farmers in land-poor developing countries overwhelmingly produce staples rather than exotic fruits that command high prices. We propose a simple model of trade and intermediation that shows how holdup resulting from poor contracting environment can produce such an outcome. We use the model to examine which polices can help ameliorate the problem, even when its cause cannot be eliminated.
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In the second and the third essays, we study how exporters introduce new products into the export market. In the second essay, using information on the universe of Chinese exporters to the US, we document a number of empirircal facts that discipline economists' undrstanding of dynamic aspects of multiproduct exporters. In the third essay, we estimate a structural dynamic model of multiproduct exporting.
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In Chapter 1, "Wheat or Strawberries? Intermediated Trade with Limited Contracting," we develop the model that provides a new explanation as to why developing countries have agricultural productivity orders of magnitude smaller than in the developing countries.
520
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In the model, farmers can produce two types of goods: wheat and strawberries. Farmers are efficient in making strawberries, but cannot subsist on it, and have to sell them to an intermediary who makes profits by selling it at the world price. In a frictionless world farmers would specialize in strawberries. Central to the model is the inability of farmers and traders to contract ex-ante on a price. The absence of enforceable contracts sets the stage for the classic hold up problem and precludes negotiating the terms of trade prior to entry into production. We use a two period model with a continuum of traders and farmers. In the first period, farmers decide whether to produce wheat or strawberries and intermediaries decide whether to enter the business of intermediation. In the second period, farmers and traders meet randomly and trade. Since meetings are random and traders do not know the number of local competitors but do know how thick the market is, they can infer the distribution of potential rivals and offer a price based on this information. In other words, traders compete for the output of farmers in the first price auction. As a result, some farmers fetch a high price for their strawberries; others fetch a low price, or even fail to meet an intermediary. Farmers make the production decision based on the expected price.
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We solve the model and characterize all the possible equilibria as a function of the primitive parameters. This paper is closely related to the work of Antras and Costinot (2011). In their paper they focus on the implications of intermediation for globalization in a model that assumes that contracts between traders and producers are enforceable. In contrast we study the implications of contractual failure on production choices in a model of trade with intermediation.
520
$a
In Chapter 2, "Multiproduct Exporters: Empirical Regularities," we use information on Chinese exporters to the US to document a number of empirical regularities regarding dynamic multiproduct exporter behaviour. First, we confirm that scope and firm scale are positively associated. This suggests that more productive firms select to produce more products. Furthermore we find empirical regularities that are consistent with firms facing uncertainty in the export market. We explore the conjecture that firms learn about their potential in new export products trough exporting similar products. We find only tentative support for this conjecture.
520
$a
In chapter 3, "Multiproduct Exporters: Learning versus Knowing," we develop and estimate a structural model of multiproduct exporters based on three empirical regularities documented using data on Chinese exporters. These regularities are as follows: (1) multi-product exporters introduce their best-selling products early; (2) more than 40% of the new products introduced by incumbent exporters are dropped due to low sales within the first year; (3) for a firm, the probability of introducing a new product is positively related to the survival and success of the earlier products.
520
$a
Using our model we revisit the question of trade policy in the multiproduct firm setting. We simulate a decrease in the cost of introducing new products for firms. Our simulations suggest that in the presence of economies of scope and even moderate learning effects, decreasing costs of introducing subsequent products can make a significant contribution to increasing trade flows. (Abstract shortened by UMI.).
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