Trapped Factors and China's Impact on Global Growth
研究发现，中国进口竞争加剧后，欧洲企业反而增加了创新。通过一个产品周期贸易与增长模型，解释了“被困要素”在微观层面的作用，并指出中国贡献了动态贸易收益的一半。
Abstract After a recent increase in Chinese import competition, European firms increased innovation. We present and rationalise these patterns using ‘trapped factors’ at the micro level within a stylised equilibrium model of product-cycle trade and growth. Trade integration of the magnitude observed between the OECD and low-wage nations as a whole can considerably increase the long-run growth rate and welfare. In the short run exposed firms devote trapped factors to increased innovation, leading both to increased innovation at these individual firms as well as to a small amount of extra transitional growth overall. China accounts for half of the dynamic trade gains.