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Modeling the offshoring of white-collar services : from comparative advantage to the new theories of trade and foreign … direct investment / James R. Markusen -- Service offshoring : threats and opportunities / Daniel Trefler -- Tradable services … : understanding the scope and impact of services offshoring / J. Bradford Jensen, Lori G. Kletzer -- Trends in employment at U …
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This paper develops a two-country DSGE model to investigate the transmission of a global financial crisis to a small open economy. We find that economies hit by a sudden stop arising from financial distress in the global economy are likely to face a more prolonged crisis than sudden stop...
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