The Euro and the Competitiveness of European Firms
The Euro and the Competitiveness of European Firms
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欧元与欧洲企业的竞争力
DOI：
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发表时间：
2009
期刊：
影响因子：
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通讯作者：
Filippo di Mauro
中科院分区：
文献类型：
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作者：
G. Ottaviano;D. Taglioni;Filippo di Mauro
他说：“单一货币对实际贸易额的影响备受关注。然而，较低的贸易成本对贸易流动的影响远远超过其影响：由于国际市场竞争条件更加严峻，生产率较低的公司被迫退出业务，经济一体化促进了更低的价格和更高的平均生产率。我们使用国家、部门和企业层面的经验观察，通过校准一般均衡模型来评估这些影响的数量相关性。事实证明，欧元提高了欧元区公司的整体竞争力，其影响在一些有趣的方面有所不同：对于规模较小或更容易进入外国市场的国家，以及专门从事国际竞争更激烈、进入门槛更低的行业的公司，欧元的影响往往更强。版权所有(C)CEPR、CES、MSH，2009。
"Much attention has been paid to the impact of a single currency on actual trade volumes. Lower trade costs, however, matter over and beyond their effects on trade flows: as less productive firms are forced out of business by the tougher competitive conditions of international markets, economic integration fosters lower prices and higher average productivity. We assess the quantitative relevance of these effects calibrating a general equilibrium model using country, sector and firm-level empirical observations. The euro turns out to have increased the overall competitiveness of Eurozone firms, and the effects differ along interesting dimensions: they tend to be stronger for countries which are smaller or with better access to foreign markets, and for firms which specialize in sectors where international competition is fiercer and barriers to entry lower." Copyright (c) CEPR, CES, MSH, 2009.