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Domestic Firms, Exporters and Importers: A Systemic Perspective
- Source :
- Forrest, J Y-L, Trebing, M E, Chatterjee, A & Wagner, J 2019, ' Domestic Firms, Exporters and Importers : A Systemic Perspective ', Theoretical Economics Letters, vol. 9, no. 4, pp. 649-674 . https://doi.org/10.4236/tel.2019.94044, Forrest, J Y-L, Trebing, M E, Chatterjee, A & Wagner, J 2019, ' Domestic Firms, Exporters and Importers: A Systemic Perspective ' Theoretical Economics Letters, vol 9, no. 4, pp. 649-674 . DOI: 10.4236/tel.2019.94044
- Publication Year :
- 2019
- Publisher :
- Scientific Research Publishing, Inc., 2019.
-
Abstract
- Based on the exponentially growing literature in recent years on international trade and firm performance, this paper develops a general theory for this area based on systemic logic and game theory. After developing two theorems on the dynamics of the domestic market, we direct our attention to establishing results on exports to either less developed or advanced markets. Finally, a general theory is formulated regarding international trade (exports and imports) that includes selected indices of firm performance (productivity, profitability, wages, and survival). In addition to confirming empirical findings in the literature, we also delineate some suggestions for future research. This paper introduces systemic thinking into the study of international trade that is expected to provide a much needed framework for public debates and policy decision making.
- Subjects :
- productivity
Economics
media_common.quotation_subject
Perspective (graphical)
Wage
General Medicine
General Chemistry
International economics
systemic
market competition
Domestic market
sunk cost
profitability
wage
Systems thinking
Profitability index
Productivity
Game theory
Sunk costs
media_common
Subjects
Details
- ISSN :
- 21622086 and 21622078
- Database :
- OpenAIRE
- Journal :
- Theoretical Economics Letters
- Accession number :
- edsair.doi.dedup.....ff12449281fbdb74faf2fccb2d292aba