Trade Liberalisation, Process and Product Innovation, and Relative Skill Demand

The interaction between trade liberalisation, product and process innovation, and relative skill demand is analysed in a model of international oligopoly. Lower trading barriers increase the degree of foreign competition. The competing enterprises respond by investing more aggressively in lowering marginal costs of production. Moreover, firms reduce the substitutability of their products through additional investment in product innovation. The paper also shows that the relative demand for skilled workers may increase as a result.

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Year of publication:	2006-10-30
Authors:	Braun, Sebastian
Institutions:	Sonderforschungsbereich Ökonomisches Risiko <Berlin>
Subject:	Innovation \| Liberalisierung \| Handelshemmnis \| trading constraints

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Extent:	327680 bytes 19 p. application/pdf
Series:	Sonderforschungsbereich 649: Ökonomisches Risiko - Diskussionspapiere Diskussionspapier ; 2007-001
Type of publication:	Book / Working Paper
Language:	English
ISSN:	1860-5664
Classification:	F12 - Models of Trade with Imperfect Competition and Scale Economies ; F15 - Economic Integration ; F16 - Trade and Labor Market Interactions ; O32 - Management of Technological Innovation and R&D ; Strategic management ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005861205