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This study analyses trade flows in intermediate goods and services among OECD countries and with their main trading partners. Combining trade data and input-output tables, bilateral trade in intermediate goods and services is estimated according to the industry of origin and the using industry...
Persistent link: https://www.econbiz.de/10008522021
During the last few decades, many emerging markets have lifted restrictions on cross-border financial transactions. The conventional view was that this would allow these countries to: (i) receive capital in flows from advanced countries that would finance higher investment and growth; (ii)...
Persistent link: https://www.econbiz.de/10010851384
As a result of debt enforcement problems, many high-productivity firms in emerging economies are unable to pledge enough future profits to their creditors and this constrains the financing they can raise. Many have argued that, by relaxing these credit constraints, reforms that strengthen...
Persistent link: https://www.econbiz.de/10010851426
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
them. It depicts recent developments in offshoring, trade in tasks and the integration of large emerging economies into the … labour demand in the importcompeting sectors or activities. Offshoring of services has a relatively strong positive marginal … impact on labour productivity, but the scale of offshoring is still modest. The labour market impact of offshoring is …
Persistent link: https://www.econbiz.de/10004962828