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Trade, wages and productivity
journal contribution
posted on 2023-06-08, 23:39 authored by Kristian Behrens, Giordano Mion, Yasada Murata, Jens SudekumWe develop a general equilibrium monopolistic competition model in which wages, productivity, consumption diversity, and markups respond to trade integration. We structurally estimate the model and simulate the impacts of removing all trade barriers generated by the Canada–U.S. border. Firm selection gets tougher by 8.09% in Canada and by 0.80% in the United States. Markups that consumers face, which are central to welfare, fall by up to 12.11% in Canadian provinces and by up to 2.82% in U.S. states. However, changes in markups measured at the firm level are ambiguous, thus providing a different piece of information.
History
Publication status
- Published
Journal
International Economic ReviewISSN
0020-6598Publisher
WileyExternal DOI
Issue
4Volume
55Page range
1305-1348Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2015-12-04Usage metrics
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