Staggered Adjustment and Trade Dynamics
Staggered Adjustment and Trade Dynamics
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发表时间：
2011
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通讯作者：
Samuel Kortum;J. Eaton;Costas Arkolakis
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作者：
Samuel Kortum;J. Eaton;Costas Arkolakis
我们发展了一个理论的交错调整动力学在一个完全竞争模型的贸易与连续的品种。每一种新技术都以恒定的速度出现。消费者消费用某种技术生产的产品，直到外部冲击到来。这一冲击表明她要在所有国家的所有生产商中进行优化。该模型提供了过去贸易对当前贸易影响的结构方程。我们利用该模型来探讨由于贸易成本的变化而导致的贸易的逐步调整。
We develop a theory of staggered adjustment dynamics in a perfect competition model of trade with a continuum of varieties. New technologies for each variety arrive at a constant rate. The consumer consumes a product produced with a certain technology until an exogenous shock arrives. This shock signals her to optimize among all producers from all the countries. The model delivers structural equations for the impact of past trade on current trade. We use the model to explore the gradual adjustment of trade due to changes in trade costs.