Showing 1 - 8 of 8
Trade in business services has been attracting attention from academic researchers, policy makers, and business journalists. While there are many anecdotes, there has been little in the way of formal theory applied to this issue. In this paper, we adapt a general model of fragmentation of...
Persistent link: https://www.econbiz.de/10005662176
Trade theory consists of a portfolio of models. What elements might be useful in modeling the offshoring of white … characteristics of offshoring, and then use those models to identify the effects of technological or institutional changes which allow … offshoring of white-collar services to occur. …
Persistent link: https://www.econbiz.de/10005667130
employment expansion, an effect quite different from the source of gains from trade in the conventional approach. Second, we show … workers at home and abroad. In an extension to our baseline model, we illustrate that offshoring production from the high …
Persistent link: https://www.econbiz.de/10004964417
paper is motivated by recent evidence that trade has greatly expanded on the extensive margin (aka fragmentation, offshoring …
Persistent link: https://www.econbiz.de/10008468576
Ricardian model of offshoring. A unique final good is produced by combining a skilled and an unskilled product, each produced …-scarce East. Profit maximization determines both the extent of offshoring and technological progress. Offshoring induces skill … relevant case, starting from low levels, an increase in offshoring opportunities triggers a transition with falling real wages …
Persistent link: https://www.econbiz.de/10011083277
We study the evolution of sectoral employment and labour cost in 11 European countries over the last two decades. Our … countries and industries in employment growth, whereas country-specific effects are more important in the analysis of labour … employment. We pay special attention to Spain, a country that has experienced a high persistent unemployment rate, and show that …
Persistent link: https://www.econbiz.de/10005124383
employment turnover and high insurance can co-exist with an American-type steady-state with low unemployment, high employment …
Persistent link: https://www.econbiz.de/10005067497
This Paper presents a tractable dynamic general equilibrium model that can explain cross-country empirical regularities in geographical mobility, unemployment and labour market institutions. Rational agents vote over unemployment insurance (UI), taking the dynamic distortionary effects of...
Persistent link: https://www.econbiz.de/10005114443