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2022
- handle: 10670/1.gl6jva
- hal: hal-03880110
- doi: 10.1093/jeea/jvac044
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info:eu-repo/semantics/altIdentifier/doi/10.1093/jeea/jvac044
http://creativecommons.org/licenses/by-nc-nd/ , info:eu-repo/semantics/OpenAccess
Mots-clés
Firm-to-firm trade Search frictions Ricardian trade model Structural estimation F - International Economics/F.F1 - Trade/F.F1.F10 - General F - International Economics/F.F1 - Trade/F.F1.F11 - Neoclassical Models of Trade F - International Economics/F.F1 - Trade/F.F1.F14 - Empirical Studies of Trade L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance/L.L1.L15 - Information and Product Quality • Standardization and CompatibilitySujets proches
Trade Commercial trade Foreign trade Trade TradeCiter ce document
Clémence Lenoir et al., « Search Frictions in International Goods Markets », Archive ouverte de Sciences Po (SPIRE), ID : 10.1093/jeea/jvac044
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Résumé
This paper studies how frictions in the acquisition of new customers distort the allocation of activities across heterogeneous producers. We add bilateral search frictions in a Ricardian model of trade and use French firm-to-firm trade data to estimate search frictions faced by French exporters in foreign markets. Estimated coefficients display a strong degree of heterogeneity across countries and products that correlates with various proxies for information frictions. Markets with high estimated frictions are shown to display less dispersion in sales between high- and low-productivity firms, a consequence of the distortive impact of frictions. A counterfactual reduction in the level of search frictions significantly improves the efficiency of the selection process by pushing the least productive exporters out of the market while increasing export sales at the top of the productivity distribution.