文章基本信息

标题：Home-Biased Demand and International Specialisation : A Test of Trade Theories
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作者：Marius Brülhart ; Federico Trionfetti
期刊名称：DEEP Cahiers de Recherches Économiques / Université de Lausanne
出版年度：1999
期号：19
出版社：Université de Lausanne
摘要：We develop and apply a discriminating criterion to distinguish the two principal paradigms of international trade theory: constant-returns perfectly competitive models on the one hand, and increasing-returns monopolistically competitive models on the other. Our criterion rests on the existence of home-biased demand. It predicts a positive relationship between countries' relative output and their relative home bias in increasing-returns sectors, and no relationship in constant-returns sectors. In implementing the test on data for OECD countries we find that industries accounting for up to two thirds of manufacturing output conform to the increasing-returns monopolistically competitive model.
关键词：International specialisation; home-market effect; increasing returns