how does trading improve efficiency
Thislineoftheoryarguesthathigherexposuretotradedgoodsincreasescompetitionamongheterogeneousfirms,leadingtoareallocationofresourcestowards ...,Ineverymodeloftrade,thereisanimprovementinaggregateproductionandconsumptionefficiencywhenaneconomymovesf...
Winners and Losers from International Trade
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2019年7月18日—Substitutingmoreefficientforlessefficientfirmsincreasesaverageproductivityandsoisgoodfortheeconomyasawhole.Consumersand ...
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