RT Journal Article
T1 The intensive and the extensive margins: not only an international issue.
A1 Arespa-Castelló, Marta
K1 Comercio
K1 Mercados
K1 Consumidores
AB Empirical evidence shows that quantity (intensive margin) and variety availability (extensive margin) have effects of different magnitude on populations’ welfare. Indeed, the pattern of a market dynamics may cause changes in welfare inequality. Low income consumers benefit more from quantity than high income consumers, who are more interested in enjoying variety. These facts have been usu- ally addressed as consequences of trade liberalization by international trade theory.However, market dynamics are also present within the borders of every country. It is important to understand what forces, unrelated with international trade, affect these dynamics. This paper explores the transmission of different real shocks into mar- ket dynamics in a new-Keynesian closed economy. Results show that the source of the shock is crucial to determine the magnitude and direction of the effects on each margin.
PB Springer
YR 2013
FD 2013-03-27
LK https://hdl.handle.net/10630/28674
UL https://hdl.handle.net/10630/28674
LA eng
NO Arespa, M. (2013), The intensive and the extensive margins: not only an international issue. Portuguese Economic Journal, vol. 12, pp. 1-34
NO Spanish Ministry of Science and Innovation through grants ECO2012-34046 and ECO2009-09847.
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 19 ene 2026