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dc.contributor.authorChen, Yongxiao-
dc.contributor.authorLi, Xinxin-
dc.contributor.authorLiu, Yaxin-
dc.description.abstractThe paper investigates the welfare gains from trade liberalization in the presence of multiple factors, multiple industries and variable markup. We extend Bernard, Redding and Schott (2007) to incorporate variable markup, using additively separable utility. We then characterize the equilibrium under costly trade and discuss the welfare implications of Heckscher-Ohlin mechanism, as well as the variable markup. Our main nding is that gains from trade liberalization are higher in models with variable markup than those with constant markup when the Heckscher-Ohlin force is strong enough. The larger the trade cost decreases, the stronger the Heckscher-Ohlin force is. We conclude that the pro-competitive e ect of trade liberalization does exist in the presence of Heckscher-Ohlin comparative advantage and variable markup.en_US
dc.format.extent39 p.en_US
dc.rightsNanyang Technological University-
dc.titleThe pro-competitive gains from trade with variable markup and multiple factorsen_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorChen Xinen_US
dc.contributor.schoolSchool of Humanities and Social Sciencesen_US
dc.description.degreeBachelor of Artsen_US
dc.contributor.supervisor2Chen Xiaopingen_US
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Appears in Collections:HSS Student Reports (FYP/IA/PA/PI)
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