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International Trade and Technological Competition in Markets with Dynamic Increasing Returns

Author

Listed:
  • Luca Fontanelli

    (Université Côte d'Azur
    GREDEG CNRS)

  • Mattia Guerini

    (University of Brescia
    GREDEG, CNRS, Université Côte d’Azur, France
    Institute of Economics, Scuola Superiore Sant’Anna, Italy)

  • Mauro Napoletano

    (Université Côte d'Azur
    GREDEG CNRS
    OFCE Sciences-Po
    SKEMA Business School)

Abstract

We build a simple dynamic model to study the effects of technological learning, market selection and international competition in the determination of export flows and market shares. The model features two countries populated by firms with heterogeneous productivity levels and sales. Market selection in each country is driven by a finite pairwise Polya urn process. We show that market selection leads either to a national or to an international monopoly in presence of a static distribution of firm productivity levels. We then incorporate firm learning and entry-exit in the model and we show that the market structure does not converge to a monopoly. In addition, we show that the extended model is able to jointly reproduce a wide ensemble of stylized facts concerning intra-industry trade, industry and firm dynamics.

Suggested Citation

  • Luca Fontanelli & Mattia Guerini & Mauro Napoletano, 2021. "International Trade and Technological Competition in Markets with Dynamic Increasing Returns," GREDEG Working Papers 2021-33, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
  • Handle: RePEc:gre:wpaper:2021-33
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    More about this item

    Keywords

    International trade; industrial dynamics; firm dynamics; market selection; Pólya urn;
    All these keywords.

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • F1 - International Economics - - Trade
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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