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Autoren: 
Nocke, Volker
Yeaple, Stephen
Datum: 
2013
Reihe/Nr.: 
Working Paper Series 13-10
Zusammenfassung: 
We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the documented cross- sectional correlations in firm performance measures, including why larger firms are more productive and more diversified, and yet more diversified firms trade at a discount. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are consistent with existing empirical work, while others are potentially testable.
Schlagwörter: 
multiproduct firms
trade liberalization
diversification discount
firm heterogeneity
productivity
JEL: 
F12
F15
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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