The choice of technology and international trade

被引：4
|
作者：
Gong, Binglin [1 ]
Zhou, Haiwen [2 ,3 ]
机构：
[1] East China Normal Univ, KLATASDS, Fac Econ & Management, Shanghai, Peoples R China
[2] Old Dominion Univ, Dept Econ, Norfolk, VA USA
[3] Old Dominion Univ, Norfolk, VA 23529 USA
来源：
JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT | 2023年 / 32卷 / 07期
基金：
中国国家自然科学基金;
关键词：
International trade; technology choice; financial development; infinite-horizon model; two-stage oligopoly; DIVISION-OF-LABOR; FINANCIAL DEVELOPMENT; CREDIT; COMPETITION; PATTERNS; MARKETS; SCALE;
D O I：
10.1080/09638199.2022.2146737
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We study the impact of international trade on a firm's technology choice in an infinite-horizon model. Banks engage in oligopolistic competition in providing capital for the manufacturing sector. Manufacturing firms also engage in oligopolistic competition and choose technologies with different levels of fixed and marginal costs. In the steady state, firms in a country with a larger market size or a more efficient financial sector choose more advanced technologies, and this country has a higher capital stock. The opening of international trade leads manufacturing firms to choose more advanced technologies and the steady-state capital stock increases.
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页码：1035 / 1057
页数：23
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