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In an economy with imperfect labour contracts, differences in the distribution of human capital are an independent source of comparative advantage. I study a world economy with two sectors, one where output is produced by teams and another where individuals can work alone. When workers'...
Persistent link: https://www.econbiz.de/10005661464
advantage-induced import growth rates and abstracts from aggregate fluctuations and sector specific trends. In a panel covering …
Persistent link: https://www.econbiz.de/10005791689
What is the impact of Chinese import competition on Nordic producer prices? In a panel covering 23 (2 digit) NACE …
Persistent link: https://www.econbiz.de/10009275961
have a uniform impact on producer prices in Germany, France, Italy, Sweden, and the United Kingdom. In a panel covering 110 …
Persistent link: https://www.econbiz.de/10008784764
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained. Finally,...
Persistent link: https://www.econbiz.de/10005792213
This Paper discusses a number of issues in the context of the debate on intellectual property in less developed countries (LDCs). It starts by discussing the consequences of IP enforcement in LDCs for global innovation and welfare in poorer countries. It then considers the costs and benefits of...
Persistent link: https://www.econbiz.de/10005504337
Economic decisions such as occupational and entrepreneurial choices may violate true comparative advantage when economic agents are uncertain about which activity best matches their talents. If relative performance varies over the business cycle (for instance, if downturns affect...
Persistent link: https://www.econbiz.de/10005504434
We consider a model with a continuum of industries in which agglomeration forces cause each industry to concentrate in a single country. We study the division of industries between countries and show that this division is not unique, so that even with identical countries and symmetric industries...
Persistent link: https://www.econbiz.de/10005504486
This paper surveys the broad patterns of world trade in manufactures since about 1960. While the bulk of manufactured exports came initially from relatively few large industrial countries, developing countries have encroached seriously upon their markets in recent years. The newly industrialized...
Persistent link: https://www.econbiz.de/10005504516
This paper focuses on what the driving forces behind industry localisation in Europe are. Based on traditional as well as new trade theory and new economic geography our cross-sectoral empirical analysis seeks to explain the pattern of relative and absolute concentration of manufacturing...
Persistent link: https://www.econbiz.de/10005504618