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Trade Adjustment Dynamics and the Welfare Gains from Trade

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NBER2014-11-01 更新2025-01-04 收录
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We study how the transitions following a trade reform are shaped by the time it takes for new exporters to grow in the export market. We introduce time and risk into the fixed-variable cost tradeoff central to general equilibrium heterogeneous firm trade models: Investing in exporting gradually and

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2014-11-01
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