Showing 1 - 5 of 5
This paper explores the quantitative implications of a class of endogenous growth models for cross-country income differences. These models exhibit international spillovers, no scale effects and conditional convergence, and thus they overcome some difficulties faced by the early generation of...
Persistent link: https://www.econbiz.de/10005407660
We study the short- and long-run implications of offshoring on innovation, technology adoption, wage and income …-abundant West to a skill-scarce East. Profit maximization determines both the extent of offshoring and technological progress …. offshoring induces technical change with an ambiguous factor bias. When the initial level of offshoring is low, an increase in …
Persistent link: https://www.econbiz.de/10010950605
The phenomenon of offshoring, that is, the outsourcing of highly- qualified services into low wage countries was until … the controversial issue of the advantageousness of offshoring. The trend, which has been enforced by numerous consultants … validity. The following paper deals with the advantageousness of offshoring in the case of IT services. In order to detach …
Persistent link: https://www.econbiz.de/10005134437
We analyze recent contributions to growth theory based on the model of expanding variety of Romer (1990). In the first part, we present different versions of the benchmark linear model with imperfect competition. These include the "lab equipment" model, "labor-for-intermediates" and "directed...
Persistent link: https://www.econbiz.de/10010547273
Adam Smith (1776) is generally ignored as an international trade theorist in textbooks and surveys because of the common belief that he only confirmed the rule of absolute advantages to explain structure of foreign trade. On the other hand, many textbooks and surveys on growth theories simply...
Persistent link: https://www.econbiz.de/10005119326