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Djankov, Simeon; Montalvo, José G.; Reynal-Querol, Marta - Barcelona Graduate School of Economics (Barcelona GSE) - 2005

Foreign aid provides a windfall of resources to recipient countries and may result in the same rent seeking behavior as documented in the "curse of natural resources" literature. In this paper we discuss this effect and document its magnitude. Using data for 108 recipient countries in the period...

Persistent link: https://www.econbiz.de/10010746941

Offshoring and Directed Technical Change

Acemoglu, Daron; Gancia, Gino; Zilibotti, Fabrizio - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

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 Skill Bias of World Trade

Epifani, Paolo; Gancia, Gino - Barcelona Graduate School of Economics (Barcelona GSE) - 2004

Under plausible assumptions about preferences and technology, the model in this paper suggests that the entire volume of world trade matters for wage inequality. Therefore, trade integration, even among identical countries, is likely to increase the skill premium. Further, we argue that...

Persistent link: https://www.econbiz.de/10010547181