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  • 标题:From Selling Goods to Selling Services: Firm Responses to Trade Liberalization
  • 本地全文:下载
  • 作者:Holger Breinlich ; Anson Soderbery ; Greg Wright
  • 期刊名称:CEP Discussion Paper
  • 出版年度:2014
  • 卷号:2014
  • 语种:English
  • 出版社:Centre for Economic Performance
  • 摘要:In the face of trade liberalization domestic firms are often forced out of the market, whereas others adapt and survive. In this paper we focus on a new channel of adaptation, namely the shift toward increased provision of services in lieu of goods production. We exploit variation in EU trade policy to show that lower manufacturing tariffs cause firms to shift into services provision and out of goods production. Additionally, we find that a successful transition is strongly associated with higher firm-level R&D stocks whereas higher physical capital stocks slow the shift into services provision.
  • 关键词:Services trade;trade liberalization
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