Oyama, Daisuke; Sato, Yasuhiro; Tabuchi, Takatoshi; … - C.E.P.R. Discussion Papers - 2007
This paper investigates the impacts of progressive trade openness, technological externalities, and heterogeneity of … individuals on the formation of entrepreneurship in a two-country occupation choice model. We show that trade opening gives rise … (small) country first increases (decreases) and then decreases (increases), with the global economy exhibiting first de-industrialization …