how does trading improve efficiency
Thislineoftheoryarguesthathigherexposuretotradedgoodsincreasescompetitionamongheterogeneousfirms,leadingtoareallocationofresourcestowards ...,Ineverymodeloftrade,thereisanimprovementinaggregateproductionandconsumptionefficiencywhenaneconomymovesf...
Does trade play a role in helping to explain productivity ...
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Thislineoftheoryarguesthathigherexposuretotradedgoodsincreasescompetitionamongheterogeneousfirms,leadingtoareallocationofresourcestowards ...
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