Most widely held works by Stephen Redding
Distance, skill deepening and development : will peripheral countries ever get rich by Stephen Redding ( Book )
13 editions published in 2003 in English and No Linguistic content and held by 80 libraries worldwide
"This paper models the relationship between countries' distance from global economic activity, endogenous investments in education, and economic development. Firms in remote locations pay greater trade costs on both exports and intermediate imports, reducing the amount of value added left to remunerate domestic factors of production. If skill- intensive sectors have higher trade costs, more pervasive input-output linkages, or stronger increasing returns to scale, we show theoretically that remoteness depresses the skill premium and therefore incentives for human capital accumulation. Empirically, we exploit structural relationships from the model to demonstrate that countries with lower market access have lower levels of educational attainment. We also show that the world''s most peripheral countries are becoming increasingly economically remote over time"--London School of Economics web site.
Product choice and product switching by Andrew B Bernard ( Book )
11 editions published in 2003 in English and No Linguistic content and held by 73 libraries worldwide
"This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than 40% of firm output and almost half of existing products. The theoretical model incorporates heterogeneous firms, heterogeneous products, and ongoing entry and exit. In equilibrium, firm productivity is correlated with product fixed costs, with the most productive firms choosing to make the products with the highest fixed costs. Changes in market structure result in systematic patterns of firm entry/exit and product switching"--London School of Economics web site.
Geography and export performance : external market access and internal supply capacity by Stephen Redding ( Book )
13 editions published in 2003 in English and No Linguistic content and held by 73 libraries worldwide
Comparative advantage and heterogeneous firms by Andrew B Bernard ( Book )
5 editions published in 2004 in English and held by 65 libraries worldwide
"This paper presents a model of international trade that features heterogeneous firms, relative endowment differences across countries, and consumer taste for variety. The paper demonstrates that firm reactions to trade liberalization generate endogenous Ricardian productivity responses at the industry level that magnify countries' comparative advantage. Focusing on the wide range of firm-level reactions to falling trade costs, the model also shows that, as trade costs fall, firms in comparative advantage industries are more likely to export, that relative firm size and the relative number of firms increases more in comparative advantage industries and that job turnover is higher in comparative advantage industries than in comparative disadvantage industries"--NBER website.
Products and productivity by Peter K Schott ( Book )
2 editions published in 2005 in English and held by 58 libraries worldwide
"Firms' decisions about which goods to produce are often made at a more disaggregate level than the data observed by empirical researchers. When products differ according to production technique or the way in which they enter demand, this data aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous firms endogenously self-selecting into heterogeneous products. We characterize the bias introduced by unobserved variation in product mix across firms, and the implications of this bias for identifying firm and industry responses to exogenous policy shocks such as deregulation. More generally, we demonstrate that product switching gives rise to a richer set of industry-level dynamics than models where firm product mix remains fixed"--National Bureau of Economic Research web site.
Multi-product firms and product switching by Andrew B Bernard ( Book )
5 editions published in 2006 in English and held by 48 libraries worldwide
"This paper examines the frequency, pervasiveness and determinants of product switching among U.S. manufacturing firms. We find that two-thirds of firms alter their mix of five-digit SIC products every five years, that one-third of the increase in real U.S. manufacturing shipments between 1972 and 1997 is due to the net adding and dropping of products by survivors, and that firms are more likely to drop products which are younger and have smaller production volumes relative to other firms producing the same product. The product-switching behavior we observe is consistent with an extended model of industry dynamics emphasizing firm heterogeneity and self-selection into individual product markets. Our findings suggest that product switching contributes towards a reallocation of economic activity within firms towards more productive uses"--National Bureau of Economic Research web site.
Multi-product firms and trade liberalization by Andrew B Bernard ( Book )
4 editions published between 2006 and 2009 in English and held by 47 libraries worldwide
This paper develops a general equilibrium model of multi-product firms and analyzes their behavior during trade liberalization. Firm productivity in a given product is modeled as a combination of firm-level "ability" and firmproduct-level "expertise", both of which are stochastic and unknown prior to the firm's payment of a sunk cost of entry. Higher firm-level ability raises a firm's productivity across all products, which induces a positive correlation between a firm's intensive (output per product) and extensive (number of products) margins. Trade liberalization fosters productivity growth within and across firms and in aggregate by inducing firms to shed marginally productive products and forcing the lowest-productivity firms to exit. Though exporters produce a smaller range of products after liberalization, they increase the share of products sold abroad as well as exports per product. All of these adjustments are shown to be relatively more pronounced in countries' comparative advantage industries.
Openness and Growth : proceedings of the Bank of England academic conference on the relationship between openness and growth in the United Kingdom, September 15th, 1997 by Bank of England Academic Conference on the Relationship Between Openness and Growth in the United Kingdom ( Book )
2 editions published in 1998 in English and held by 37 libraries worldwide
Inequality and unemployment in a global economy by Elhanan Helpman ( Book )
8 editions published between 2008 and 2009 in English and held by 29 libraries worldwide
This paper develops a new framework for examining the distributional consequences of trade liberalization that is consistent with increasing inequality in every country, growth in residual wage inequality, rising unemployment, and reallocation within and between industries. While the opening of trade yields welfare gains, unemployment and inequality within sectors are higher in the trade equilibrium than in the closed economy. In the open economy changes in trade openness have nonmonotonic effects on unemployment and inequality within sectors. As aggregate unemployment and inequality have within- and between-sector components, changes in sector composition following the opening of trade complicate its impact on aggregate unemployment and inequality. However, when countries are nearly symmetric, the sectoral composition effects reinforce the within-sector effects, and both aggregate inequality and aggregate unemployment rise with trade liberalization.
Wages, unemployment and inequality with heterogeneous firms and workers by Elhanan Helpman ( Book )
4 editions published in 2008 in English and held by 28 libraries worldwide
In this paper we develop a multi-sector general equilibrium model of firm heterogeneity, worker heterogeneity and labor market frictions. We characterize the distributions of employment, unemployment, wages and income within and between sectors as a function of structural parameters. We find that greater firm heterogeneity increases unemployment, wage inequality and income inequality, whereas greater worker heterogeneity has ambiguous effects. We also find that labor market frictions have non-monotonic effects on aggregate unemployment and inequality through within- and between-sector components. Finally, high-ability workers have the lowest unemployment rates but the greatest wage inequality, and income inequality is lowest for intermediate ability. Although these results are interesting in their own right, the main contribution of the paper is in providing a framework for analyzing these types of issues.
Theories of heterogeneous firms and trade by Stephen Redding ( Book )
4 editions published in 2010 in English and held by 23 libraries worldwide
This paper reviews the recent theoretical literature on heterogeneous firms and trade, which emphasizes firm selection into international markets and reallocations of resources across firms. We discuss the empirical challenges that motivated this research and its relationship to traditional trade theories. We examine the implications of firm heterogeneity for comparative advantage, market size, aggregate trade, the welfare gains from trade, and the relationship between trade and income distribution. While a number of studies examine the endogenous response of firm productivity to trade liberalization, modeling internal firm organization and the origins of firm heterogeneity remain interesting areas of ongoing research.
Economic geography and international inequality by Stephen Redding ( Book )
9 editions published between 2000 and 2001 in English and No Linguistic content and held by 21 libraries worldwide
Persistence and mobility in international trade by James Proudman ( Book )
7 editions published between 1997 and 1998 in English and held by 21 libraries worldwide
The dynamics of international specialization by Stephen Redding ( Book )
4 editions published in 1999 in English and No Linguistic content and held by 19 libraries worldwide
Trade and labor market outcomes by Elhanan Helpman ( Book )
6 editions published in 2011 in English and held by 18 libraries worldwide
This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market frictions, and foreign trade. This framework emphasizes firm heterogeneity and search and matching frictions in labor markets. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral reductions in labor market frictions increase a country's welfare, can raise or reduce its unemployment rate, yet always hurt the country's trade partner. Unemployment benefits can alleviate the distortions in a country's labor market in some cases but not in others, but they can never implement the constrained Pareto optimal allocation. We characterize the set of optimal policies, which require interventions in product and labor markets.
Educational attainment, labour market institutions and the structure of production by S. J Nickell ( Book )
6 editions published between 2001 and 2002 in English and No Linguistic content and held by 17 libraries worldwide
Factor endowments and production in European regions by Stephen Redding ( Book )
6 editions published between 2001 and 2003 in English and No Linguistic content and held by 16 libraries worldwide
Productivity convergence and foreign ownership at the establishment level by Rachel Griffith ( Book )
6 editions published between 2002 and 2003 in English and No Linguistic content and held by 14 libraries worldwide
"This paper investigates whether there is convergence in Total Factor Productivity towards the technological frontier at the establishment level. We find convergence to the frontier is statistically and quantitatively important, suggesting the existence of technology spillovers. Foreign multinationals make up a significant proportion of establishments at the technological frontier, and therefore make a contribution to productivity growth through technology transfer. We also find evidence that increased foreign presence within an industry raises the speed of convergence to the technological frontier"--London School of Economics web site.
The economic geography of trade production and income : a survey of empirics by Henry G Overman ( Book )
5 editions published in 2001 in English and No Linguistic content and held by 13 libraries worldwide
Mapping the two faces of R and D : productivity growth in a panel of OECD industries by Rachel Griffith ( Book )
3 editions published in 2000 in English and held by 10 libraries worldwide
Academic achievement--Economic aspects Africa, Sub-Saharan Business enterprises Commercial geography Commercial policy Comparative advantage (International trade) Conference proceedings Convergence (Economics) Deindustrialization Developing countries Diversification in industry Economic development Economic geography Economic history Economics Europe--European Union countries Exports Factors of production Free trade Great Britain Heckscher-Ohlin principle Human capital Income distribution Income distribution--Econometric models Industrial location Industrial productivity Industrial productivity--Econometric models Infrastructure (Economics) International division of labor International trade International trade--Econometric models International trade--Mathematical models Labor market Labor market--Econometric models Manpower policy Manufacturing industries Marketing--Management New products--Econometric models OECD countries Product life cycle--Mathematical models Product lines--Mathematical models Product management--Mathematical models Regional economic disparities Service industries Skilled labor--Supply and demand Technology transfer--Econometric models Unemployment Unemployment--Econometric models United States Wages--Econometric models
Redding, S. fl.1972-
Redding, S. J. fl.1972-
Redding, Stephen J. fl.1972-
Redding, Stephen James fl.1972-