Endogenous Ranking and Equilibrium Lorenz Curve Across (ex ante) Identical Countries.
This paper proposes a symmetry-breaking model of trade with a (large but) finite number of (ex ante) identical countries and a continuum of tradeable goods, which differ in their dependence on local differentiated producer services. Productivity differences across countries arise endogenously throug...
| Publicado en: | Econometrica Vol. 81; no. 5; pp. 2009 - 2032 |
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| Formato: | Artículo |
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Wiley-Blackwell
Sep2013
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=90468181&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 90468181 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00129682 ECN jtl: Econometrica issn: 00129682 maglogo: Y pubinfo: dt: Sep2013 vid: 81 iid: 5 pid: 480 pub: Wiley-Blackwell artinfo: ui: 90468181 10.3982/ECTA10107 ppf: 2009 ppct: 23 formats: tig: atl: Endogenous Ranking and Equilibrium Lorenz Curve Across (ex ante) Identical Countries. aug: au: Matsuyama, Kiminori affil: Dept. of Economics, Northwestern University, 2001 Sheridan Road, Evanston, IL 60208, U.S.A.; su: Globalization Endogenous growth (Economics) Endogeneity (Econometrics) Lorenz curve Mathematical models of income distribution Demand function sug: subj: Globalization Endogenous growth (Economics) Endogeneity (Econometrics) Lorenz curve Mathematical models of income distribution Demand function keyword: Endogenous comparative advantage endogenous dispersion globalization and inequality log-submodularity Lorenz-dominant shifts symmetry-breaking Endogenous comparative advantage endogenous dispersion globalization and inequality log-submodularity Lorenz-dominant shifts symmetry-breaking ab: This paper proposes a symmetry-breaking model of trade with a (large but) finite number of (ex ante) identical countries and a continuum of tradeable goods, which differ in their dependence on local differentiated producer services. Productivity differences across countries arise endogenously through free entry to the local service sector in each country. In any stable equilibrium, the countries sort themselves into specializing in different sets of tradeable goods, and a strict ranking of countries in per capita income, TFP, and the capital-labor ratio emerges endogenously. Furthermore, the distribution of country shares, the Lorenz curve, is unique and analytically solvable in the limit, as the number of countries grows unbounded. Using this limit as an approximation allows us to study what determines the shape of distribution, to perform various comparative statics, and to evaluate the welfare effects of trade. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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