题目：Market Size, Trade and Institution

演讲人：罗璇（武汉大学经管学院 助理教授）

时间：2021年12月7日（周二）12:00-13:00

【ZOOM线上会议】

会议号: 881 249 90468

会议密码: 621603

摘要：

This paper proposes a theory of market size and institution by incorporating the incomplete contract model in Acemoglu et al. (2007) in a general-equilibrium, open-economy environment and in a Nash-equilibrium setting in which national planners optimize their countries’ welfare over institutional qualities. Our theory predicts that a larger effective market size leads to a higher institutional quality, that a status-quo country may reduce its institutional quality when other countries trade-liberalize among themselves, and a flying geese pattern of institution. Empirically, we find that a larger effective market size does lead to improvement in contracting institution, but it affects little of other dimensions of institution. Quantitatively, we find that institutional improvement induced by trade liberalization from autarky to current trade costs accounts for a sizeable portion of a country’s total welfare gains from trade.

演讲人简介：

罗璇老师现任武汉大学经管学院助理教授。于2018年毕业6月获得新加坡管理大学经济学博士学位，其后在欧洲工商管理学院从事博士后研究，主要研究方向为国际贸易和城市经济学。研究内容包括国际贸易对国家契约制度的影响，出口公司的学习机制等。