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Intra-Industry Trade with Firm Heterogeneity. The Melitz Model and its Recent Extensions

  • Couverture cartonnée
  • 96 Nombre de pages
Master's Thesis from the year 2015 in the subject Economics - International Economic Relations, grade: 2,0, University of Münster ... Lire la suite
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Description

Master's Thesis from the year 2015 in the subject Economics - International Economic Relations, grade: 2,0, University of Münster (Institute of International Economics), language: English, abstract: While the traditional Trade Theory is merely able to explain trade between developed and less developed countries, the more recent literature of the New Trade Theory allows for capturing trade between countries that are all highly developed. One of its models - the Melitz model of intra-industry trade (2003) - incorporates heterogeneity in firm productivity into a framework based on Krugman (1980). The Melitz model is a corner stone of New Trade Theory models and has been extended in various papers to analyze intra-industry trade with respect to different aspects. One important aspect that is covered intensively in recent literature is the efect of unilateral trade liberalization on a country's welfare. This thesis presents the Melitz model (2003) by firstly illustrating its fundament based onKrugman (1980) and secondly deriving its working mechanisms both for opening for trade as well as for trade liberalization. Further, extensions by Melitz and Ottaviano (2005) and Demidova and Rodriguez-Clarez (2011) will be presented. The thesis concludes by discussing the contribution of the Melitz model to explain occurring trading patterns and its limitations.

Détails sur le produit

Titre: Intra-Industry Trade with Firm Heterogeneity. The Melitz Model and its Recent Extensions
Auteur:
Code EAN: 9783668257771
ISBN: 978-3-668-25777-1
Format: Couverture cartonnée
Genre: Economie
nombre de pages: 96
Poids: 150g
Taille: H6mm x B210mm x T148mm
Année: 2016
Auflage: 1. Auflage