Tom Schmitz
Biographic Data
| ID | 5729936 |
|---|---|
| NAME | Tom Schmitz |
| GIVEN NAMES | Tom |
| FAMILY NAME | Schmitz |
| SIGNATURE | SCHMITZ T |
| AFFILIATIONS | Queen Mary University of London |
| ORCID | 0000-0002-5937-765X |
| VERIFIED | Yes |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| AUTHOR COUNT | 1 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2023 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 0 |
International Trade and Innovation Dynamics with Endogenous Markups
We argue that the recent increases in market concentration and markups are partly due to an ‘innovation feedback effect’ of globalisation. Lower trade costs increase innovation incentives for global firms. As the winners of the ensuing innovation race increase their technological advantage, concentration and markups rise. We develop an endogenous growth model capturing this effect and calibrate it to US manufacturing data. We find that the increa…
No prominent works on this page.
International Trade and Innovation Dynamics with Endogenous Markups
We argue that the recent increases in market concentration and markups are partly due to an ‘innovation feedback effect’ of globalisation. Lower trade costs increase innovation incentives for global firms. As the winners of the ensuing innovation race increase their technological advantage, concentration and markups rise. We develop an endogenous growth model capturing this effect and calibrate it to US manufacturing data. We find that the increa…
Economic Growth and Productivity (1 works) · Economics (1 works) · Endogenous growth theory (1 works) · Firm Innovation and Growth (1 works) · Global trade and economics (1 works) · Globalization (1 works) · Human capital (1 works) · Incentive (1 works) · Industrial organization (1 works) · International economics (1 works)