One way to the top: How services boost the demand for goods

被引:27
作者
Ariu, Andrea [1 ,2 ,3 ,4 ,5 ]
Mayneris, Florian [3 ,6 ]
Parenti, Mathieu [3 ,7 ]
机构
[1] Univ Milan, Ctr Luca Agliano, Milan, Italy
[2] CRENOS, Cagliari, Italy
[3] CEPR, London, England
[4] Ifo, Munich, Germany
[5] CESifo, Munich, Germany
[6] Univ Quebec Montreal, Ecole Sci Gest, Montreal, PQ, Canada
[7] Univ Libre Bruxelles, ECARES, Brussels, Belgium
关键词
Demand complementarities; Goods & services; Oligopoly; Finn-level exports; Quality; MULTIPRODUCT FIRMS; INTERNATIONAL-TRADE; MARKET-SIZE; PRODUCT; COMPETITION; QUALITY; EXPORTERS; IMPORTERS; MARKUPS; PRICES;
D O I
10.1016/j.jinteco.2019.103278
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, we take advantage of a uniquely detailed dataset on firm-level exports of both goods and services to show that the provision of services increases firms' manufacturing export values, quantities and prices. The services provision accounts for up to 22.4% of the manufacturing exports of bi-exporters (i.e., the firms that export both goods and services), and 11.8% of overall goods exports from Belgium. To rationalize these findings, we propose a model of oligopolistic competition in which, by supplying services with their goods, firms increase their market share, and hence their market power and markup. This is possible because services act as a demand shifter for firms, thus increasing the perceived quality of their products. Our data provides compelling evidence in this direction. We finally also discuss the relevance of other theoretical rationalizations. (C) 2019 Elsevier B.V. All rights reserved.
引用
收藏
页数:17
相关论文
共 68 条
[1]   COMMODITY BUNDLING AND BURDEN OF MONOPOLY [J].
ADAMS, WJ ;
YELLEN, JL .
QUARTERLY JOURNAL OF ECONOMICS, 1976, 90 (03) :475-498
[2]   International Shocks, Variable Markups, and Domestic Prices [J].
Amiti, Mary ;
Itskhoki, Oleg ;
Konings, Jozef .
REVIEW OF ECONOMIC STUDIES, 2019, 86 (06) :2356-2402
[3]   Importers, Exporters, and Exchange Rate Disconnect [J].
Amiti, Mary ;
Itskhoki, Oleg ;
Konings, Jozef .
AMERICAN ECONOMIC REVIEW, 2014, 104 (07) :1942-1978
[4]  
Anderson S.P., 1992, DISCRETE CHOICE THEO
[5]  
[Anonymous], 2013, IIDE DISCUSSION PAPE
[6]   The interconnections between services and goods trade at the firm-level [J].
Ariu, Andrea ;
Breinlich, Holger ;
Corcos, Gregory ;
Mion, Girdani .
JOURNAL OF INTERNATIONAL ECONOMICS, 2019, 116 :173-188
[7]   Services versus goods trade: a firm-level comparison [J].
Ariu, Andrea .
REVIEW OF WORLD ECONOMICS, 2016, 152 (01) :19-41
[8]   Crisis-proof services: Why trade in services did not suffer during the 2008-2009 collapse [J].
Ariu, Andrea .
JOURNAL OF INTERNATIONAL ECONOMICS, 2016, 98 :138-149
[9]   Platform competition and seller investment incentives [J].
Beeflamme, Paul ;
Peitz, Martin .
EUROPEAN ECONOMIC REVIEW, 2010, 54 (08) :1059-1076
[10]  
Berlingieri G., 2014, CENTREPIECE MAGAZINE, V413