Based on a theoretical model featuring heterogeneous retailers that may source
globally and operate as chains, we derive a number of hypotheses that link trade
integration to retail rm performance and to the structure of retail markets. We
empirically test these predictions using Danish microdata for the period 1999 to
2008. We nd that importing retailers are larger, more protable, and have a higher
propensity to have multiple shops than domestically sourcing rms. While this
is partly due to self-selection, we also present evidence for improved performance
caused by rms' importing activities. Moreover, we nd that retail imports are
associated with a higher exit probability of small retailers and greater local retail
market concentration. Overall, we obtain support for the model's predictions and
argue that the observed adjustments may imply additional gains from trade absent
from models lacking a distribution sector.
steht auch als elektronisches Dokument zur Verfügung (ISBN 978-3-95729-465-4)
Philipp Meinen
Einzelhandel Handelsintegration Konsumgüterimport