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论坛 世界经济与国际贸易 八区 世界经济与国际贸易
1402 1
2014-12-16
Yale今年只有一位Ph.D的研究方向为国际经济,附上其JMP。


This paper examines the importance of managerial incentives as a source of productivity gains from trade. I introduce a principal-agent problem in a trade model with monopolistic competition and firm level heterogeneity, in which firms provide incentives to their managers to increase effort on productivity-enhancing activities. The model predicts that the effect of trade liberalization on managerial incentives is heterogeneous across firms, and depends on how a firm’s expected revenue responds to the degree of trade exposure. Using data on U.S. manufacturing firms I find that trade liberalization induces stronger managerial incentives for firms in the middle-to-upper range of the firm-productivity distribution and weaker incentives for firms in the low range of the distribution, as predicted by the model. Empirical estimates indicate that between 5% and 8% of the aggregate productivity growth for the 1993-1998 period of trade liberalization can be attributed to within-firm productivity growth through managerial incentives

同系列,以前的帖子:
Stanford 2014 Job Market Paper
https://bbs.pinggu.org/thread-3491842-1-1.html

Princeton 2014 Job Market Paper
https://bbs.pinggu.org/thread-3494070-1-1.html
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2014-12-16 17:36:57
谢谢分享
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