how does trading improve efficiency
Thislineoftheoryarguesthathigherexposuretotradedgoodsincreasescompetitionamongheterogeneousfirms,leadingtoareallocationofresourcestowards ...,Ineverymodeloftrade,thereisanimprovementinaggregateproductionandconsumptionefficiencywhenaneconomymovesf...
How Trade with China Boosts Productivity
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2017年5月24日—Tradeimprovesproductivityinthreeimportantways.First,importsexposedomesticfirmstogreatercompetitivepressure,whilegivingthem ...
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