Domestic Firms, Exporters and Importers: A Systemic Perspective
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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Domestic Firms, Exporters and Importers : A Systemic Perspective. / Forrest, Jeffrey Yi-Lin; Trebing, Michael E.; Chatterjee, Anindya et al.
in: Theoretical Economics Letters, Jahrgang 9, Nr. 4, 01.01.2019, S. 649-674.Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - Domestic Firms, Exporters and Importers
T2 - A Systemic Perspective
AU - Forrest, Jeffrey Yi-Lin
AU - Trebing, Michael E.
AU - Chatterjee, Anindya
AU - Wagner, Joachim
PY - 2019/1/1
Y1 - 2019/1/1
N2 - Based on the exponentially growing literature in recent years on international trade and firm performance, this paper develops a general theory for this area based on systemic logic and game theory. After developing two theorems on the dynamics of the domestic market, we direct our attention to establishing results on exports to either less developed or advanced markets. Finally, a general theory is formulated regarding international trade (exports and imports) that includes selected indices of firm performance (productivity, profitability, wages, and survival). In addition to confirming empirical findings in the literature, we also delineate some suggestions for future research. This paper introduces systemic thinking into the study of international trade that is expected to provide a much needed framework for public debates and policy decision making.
AB - Based on the exponentially growing literature in recent years on international trade and firm performance, this paper develops a general theory for this area based on systemic logic and game theory. After developing two theorems on the dynamics of the domestic market, we direct our attention to establishing results on exports to either less developed or advanced markets. Finally, a general theory is formulated regarding international trade (exports and imports) that includes selected indices of firm performance (productivity, profitability, wages, and survival). In addition to confirming empirical findings in the literature, we also delineate some suggestions for future research. This paper introduces systemic thinking into the study of international trade that is expected to provide a much needed framework for public debates and policy decision making.
KW - Economics
KW - market competition
KW - productivity
KW - profitability
KW - sunk cost
KW - systemic
KW - wage
UR - https://www.mendeley.com/catalogue/75a025e5-0ef2-36e5-bc04-6e89661827d7/
U2 - 10.4236/tel.2019.94044
DO - 10.4236/tel.2019.94044
M3 - Journal articles
VL - 9
SP - 649
EP - 674
JO - Theoretical Economics Letters
JF - Theoretical Economics Letters
SN - 2162-2078
IS - 4
ER -