Firm‐level trade effects of WTO accession: Evidence from Russia

Author(s):  
Anca D. Cristea ◽  
Anna Miromanova
2020 ◽  
Vol 122 ◽  
pp. 103367 ◽  
Author(s):  
Gabriel Felbermayr ◽  
Alexander Sandkamp
Keyword(s):  

Author(s):  
Kaku Attah Damoah

AbstractThis article investigates the impact of Ghana’s World Trade Organization (WTO) accession on firm-level product and labor market imperfections. The article exploits a rich dataset of firm-level information to estimate markups and the degree of monopsony power enjoyed by manufacturing firms. The results indicate that price-cost margins declined while the degree of monopsony power increased in the wake of WTO accession. These diverging dynamics suggest that firms compress real wages to offset loss of market power in the product market due to increased international competition. This gives rise to an increase in the market imperfection gap, which gradually erodes the pro-competitive gains from trade. The article contributes to the literature by identifying channels through which allocative inefficiencies and misallocation can persist even after trade liberalization.


2013 ◽  
pp. 108-120 ◽  
Author(s):  
L. Grebnev

The paper provides a justification of the laws of supply and demand using the concept of a marginal firm (technology) for the case of perfect competition.The ideological factor of excessive attention to the analysis of marginal parameters at the firm level in the introductory economics courses is discussed. The author connects these issues to the ideas of J. B. Clark and gives an alternative treatment of exploitation.


2012 ◽  
pp. 132-149 ◽  
Author(s):  
V. Uzun

The article deals with the features of the Russian policy of agriculture support in comparison with the EU and the US policies. Comparative analysis is held considering the scales and levels of collective agriculture support, sources of supporting means, levels and mechanisms of support of agricultural production manufacturers, its consumers, agrarian infrastructure establishments, manufacturers and consumers of each of the principal types of agriculture production. The author makes an attempt to estimate the consequences of Russia’s accession to the World Trade Organization based on a hypothesis that this will result in unification of the manufacturers and consumers’ protection levels in Russia with the countries that have long been WTO members.


2005 ◽  
pp. 132-139 ◽  
Author(s):  
A. Chirkin

WTO plays the key role in regulating international foreign trade. The article considers basic problems, which Russia will face after joining this organization. Advantages as well as risks connected with membership in WTO are noted. The necessity of safeguarding national interests and fulfilling the requirements of the country's economic security is stressed.


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