Research on behaviors and performances of international trade and multi product firms
《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]
- Issue:
- 2019年04期
- Page:
- 1-9
- Research Field:
- 国际经济与贸易
- Publishing date:
Info
- Title:
- Research on behaviors and performances of international trade and multi product firms
- Author(s):
- YU Miaojie; ZHONG Tenglong
- China Center for Economic Research ＆ National School of Development，Peking University，Beijing 100871，China
- Keywords:
- international trade theory model; multiproduct firm; product range; resource allocation; Melitz model; trade liberalization; corporate heterogeneity; product heterogeneity
- PACS:
- F740; F741; F426
- DOI:
- -
- Abstract:
- Multi-product firms contribute an overwhelming majority of the output and trade volume worldwide. Product range and portfolio decision changes are closely related to resource allocation efficiency within companies and aggregate productivity. This paper systematically reviews and comments on the research literature on international trade theory of multiproduct firms, the empirical research literature on the stylized facts of international trade behavior and performances of multiproduct firms, and the empirical study on the effects of international trade on the behavior and performances of multiproduct enterprises. The results show that the international trade theory of multiproduct firms has evolved from a specific model involving multinational enterprises to a generalized model based on Melitz heterogeneous firm theory. Then the model is expanded and developed in the product heterogeneity dimensions including corporate heterogeneity, variable cost markup, and quality variance, such as R&D investment, management efficiency, and labor skill. This paper also believes that, the static distribution of export products of multiproduct enterprises is biased towards products with high export volume, and that the export products are frequently switched and contribute most of the export volume. International traderelated factors including import (export) trade liberalization, import product shift, export destination competition, export status and exchange rate significantly affect the behavior and performances of multiproduct firms.
Last Update: 2019-07-25