Search Result

Annual Conference

|

Economic Transformation of Asia

|

May 2015

Assessing Market Failures in Export Pioneering Activities: A Structural Estimation Approach

Shang-Jin WEI, Ziru WEI, Jianhuan XU
The paper provides a first structural-estimation-based assessment of an influential hypothesis that export pioneers are too few relative to social optimum due to knowledge spillover in new market explorations. Such market failure requires two inequalities to hold simultaneously: the discovery cost i...
Keywords: Market failures, Export Pioneering, Knowledge spillover
  • View
  • Download
  • Bookmark
  •    |