GlobalizationandtheGainsfromVarietyChristianBroda(FRBNY)andDavidE.Weinstein(ColumbiaUniversityandNBER)*September2004AbstractSincetheseminalworkofKrugman(1979),productvarietyhasplayedacentralroleinmodelsoftradeandgrowth.Inspiteofthegeneraluseoflove-of-varietymodels,therehasbeennosystematicstudyofhowtheimportofnew...
In spite of the general use of love-of-variety modeldoi:10.2139/ssrn.596603Broda, Christian MWeinstein, David ESocial ence Electronic PublishingBroda, Christian and David E. Weinstein, "Globalization and the Gains from Variety," Quarterly Journal of Economics, May 2006, 121 (2), 541-85....
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NBER WORKING PAPER SERIES GLOBALIZATION AND THE GAINS FROM VARIETY Christian Broda David E. Weinstein Working Paper 10314 http://www.nber.org/papers/w10314 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 February 2004 We would to thank Alan Deardorff, Robert ...
Since the pioneering work of Krugman (1980) economists try to quantify the welfare gains from an increase in traded variety. The seminal work of Feenstra (1994) and its application to the U.S. of Broda and Weinstein (2006) allowed this quantification for the first time using highly disaggrega...
Globalization : the human consequences GLOBALIZATION AND THE GAINS FROM VARIETY Globalization and the Gains from Variety Globalization and the Inequality of Nations Globalization and the Inequality of Nations Globalization: social theory and global culture. ...
We use a Bertrand-Nash interpretation of the equilibrium that allows the elasticity of demand facing each variety to depend on the number of varieties, thus allowing the gains from globalization to reflect both the increase in variety and the exploitation of economies of scale. We also develop a...
Remember,economicsisthestudyofhowsocietiesproduceanddistributegoodsinanattempttosatisfythewantsandneedsofitsmembers.InterdependenceandtheGainsfromTrade Howdowesatisfyourwantsandneedsinaglobaleconomy?–Wecanbeeconomicallyself- sufficient.–Wecanspecializeandtrade withothers,leadingtoeconomicinterdependence.Interdependenceand...
Researchers and policymakers hold diverse opinions about the impact of globalization on environmental degradation. Over the past three decades, increased economic, social, and political interconnections have fueled this debate. However, prior studies hav
a variety of complementary ways of making profits implemented within the industry to satisfy impatient shareholders: foreign expansion, financialization of assets, deterioration of suppliers' and workers' positions and the use of working capital management to transform market power into financial gains. ...