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22대 대한민국 국회 국회정보길라잡이 국회의원검색
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This paper constructs a simple model to explain how trade in vertically differentiated products affects the welfare of the trading countries when product quality can be selected by firms. We specifically devise a model showing that when trade expands a market, firms will intensively invest in R&D activities to build higher quality into their goods and thus benefit the entire region. We find that trade does not increase the variety of goods but increases their cost due to their higher quality. We conclude that quality improvement is the main mechanism that helps countries gain from trade in vertically differentiated goods.

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기사명 저자명 페이지 원문 목차
Duration of parental leave and women's employment Jungho Kim p. 121-161

Social and economic transformation in Tanzania and South Korea : Ujamaa and Saemaul Undong in the 1970s compared Yong Yoon, Robert Mudida p. 195-231

Trade of vertically differentiated products, quality improvement, and welfare Le Duc Niem, Taegi Kim p. 99-119

Consumption risk sharing in East Asia and economic, social, and political globalization Joongsan Ko p. 233-263

Theory and empirics of the institutional evolution of economic development : an application to Korean economy Sung-Hee Jwa p. 163-194

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