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Essays on International Trade and Ma...

MacKenzie, Gaelan .

Essays on International Trade and Market Power.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on International Trade and Market Power.
Author:	MacKenzie, Gaelan .
Published:	Ann Arbor : ProQuest Dissertations & Theses, 2020
Description:	141 p.
Notes:	Source: Dissertations Abstracts International, Volume: 82-01, Section: A.
Notes:	Advisor: Morrow, Peter.
Contained By:	Dissertations Abstracts International82-01A.
Subject:	Economics.
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=27665338
ISBN:	9798662393936

Essays on International Trade and Market Power.
MacKenzie, Gaelan .

Essays on International Trade and Market Power. - Ann Arbor : ProQuest Dissertations & Theses, 2020 - 141 p.

Source: Dissertations Abstracts International, Volume: 82-01, Section: A.

Thesis (Ph.D.)--University of Toronto (Canada), 2020.

This item must not be sold to any third party vendors.

This thesis contains three papers exploring topics related to international trade and market power. In Chapter 1, I develop a quantitative model of international trade in which firms have endogenous market power in both product and labor markets that depends on their sizes in those markets. I use the model to evaluate the importance of accounting for oligopsony power on firm-level outcomes, welfare, the distribution of aggregate income, and the gains from trade. I calibrate the model to Indian plant-level data and import data for manufacturing sectors. I find that oligopsony causes small decreases in welfare but large decreases in aggregate real wages compared to perfect competition in labor markets. Trade increases large firms’ labor market power. Additionally, the welfare gains from trade are larger with oligopsony but the real wage gains from trade are smaller.Chapter 2, which is based on joint work with Stephen Ayerst, Faisal Ibrahim, and Swapnika Rachapalli, examines how technology embodied in traded goods generates spillovers across countries and sectors that increase aggregate growth. Using patent citation data from the United States, we construct a knowledge input output (IO) table and compare it to the production IO table. We use these IO structures and data on bilateral sector-level trade flows to measure embodied technology in imports. We show that increases in this measure are positively associated with increases in sectoral innovation expenditures. We build a quantitative model of firm-level innovation and trade with knowledge spillovers and calibrate it to trade and production data. We find that spillovers are an important contributor to growth, particularly in developing countries.Chapter 3 investigates how the strength of intellectual property rights affects firms’ make-or-buy decisions for specialized input purchases. I study a model of vertical integration and outsourcing in which a firm and an input supplier have asymmetric information about the supplier’s ability to use the firm’s knowledge capital outside of the relationship. I show that under outsourcing some relationships break down in equilibrium, which causes ex-post inefficiencies. When intellectual property rights are weak, increasing their strength may not reduce these inefficiencies unless the increase is large enough.

ISBN: 9798662393936Subjects--Topical Terms:

175999
Economics.
Subjects--Index Terms:

International Trade

Essays on International Trade and Market Power.
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300 $a 141 p.
500 $a Source: Dissertations Abstracts International, Volume: 82-01, Section: A.
500 $a Advisor: Morrow, Peter.
502 $a Thesis (Ph.D.)--University of Toronto (Canada), 2020.
506 $a This item must not be sold to any third party vendors.
520 $a This thesis contains three papers exploring topics related to international trade and market power. In Chapter 1, I develop a quantitative model of international trade in which firms have endogenous market power in both product and labor markets that depends on their sizes in those markets. I use the model to evaluate the importance of accounting for oligopsony power on firm-level outcomes, welfare, the distribution of aggregate income, and the gains from trade. I calibrate the model to Indian plant-level data and import data for manufacturing sectors. I find that oligopsony causes small decreases in welfare but large decreases in aggregate real wages compared to perfect competition in labor markets. Trade increases large firms’ labor market power. Additionally, the welfare gains from trade are larger with oligopsony but the real wage gains from trade are smaller.Chapter 2, which is based on joint work with Stephen Ayerst, Faisal Ibrahim, and Swapnika Rachapalli, examines how technology embodied in traded goods generates spillovers across countries and sectors that increase aggregate growth. Using patent citation data from the United States, we construct a knowledge input output (IO) table and compare it to the production IO table. We use these IO structures and data on bilateral sector-level trade flows to measure embodied technology in imports. We show that increases in this measure are positively associated with increases in sectoral innovation expenditures. We build a quantitative model of firm-level innovation and trade with knowledge spillovers and calibrate it to trade and production data. We find that spillovers are an important contributor to growth, particularly in developing countries.Chapter 3 investigates how the strength of intellectual property rights affects firms’ make-or-buy decisions for specialized input purchases. I study a model of vertical integration and outsourcing in which a firm and an input supplier have asymmetric information about the supplier’s ability to use the firm’s knowledge capital outside of the relationship. I show that under outsourcing some relationships break down in equilibrium, which causes ex-post inefficiencies. When intellectual property rights are weak, increasing their strength may not reduce these inefficiencies unless the increase is large enough.
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650 4 $a International relations. $3 174750
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653 $a Intellectual property rights
653 $a Knowledge input output
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