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A Theory of North-South Trade and Globalization
Dinopoulos, Elias; Segerstrom, Paul - C.E.P.R. Discussion Papers - 2003
This Paper develops a dynamic general equilibrium model of North-South trade with scale-invariant growth. Northern firms devote resources to innovative R&D to discover higher quality products and Southern firms devote resources to imitative R&D to copy state-of-the-art quality Northern products....
Persistent link: https://www.econbiz.de/10005656156
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North-South Trade and Economic Growth
Dinopoulos, Elias; Segerstrom, Paul - C.E.P.R. Discussion Papers - 2006
aspects of globalization are studied: increases in the size of the South (i.e., countries like China joining the world trading … system), stronger intellectual property protection (i.e., the TRIPs agreement that was part of the Uruguay Round) and lower …
Persistent link: https://www.econbiz.de/10005114418
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Productivity Differences
Acemoglu, Daron; Zilibotti, Fabrizio - C.E.P.R. Discussion Papers - 2000
Many technologies used by the LDCs are developed in the OECD economies and are designed to make optimal use of the skills of these richer countries' workforces. Differences in the supply of skills create a mismatch between the requirements of these technologies and the skills of LDC workers, and...
Persistent link: https://www.econbiz.de/10005114308
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Trade and Entrepreneurship with Heterogeneous Workers
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 to a non-monotonic process of international...
Persistent link: https://www.econbiz.de/10005662268
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Globalization and Union Opposition to Technological Change
Lommerud, Kjell Erik; Meland, Frode; Straume, Odd Rune - C.E.P.R. Discussion Papers - 2005
We find that trade unions have a rational incentive to oppose the adoption of labour-saving technology when labour demand is inelastic and unions care much for employment relative to wages. Trade liberalization typically increases trade union technology opposition. These conclusions are reached...
Persistent link: https://www.econbiz.de/10005123737
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Commercial Policy and Dynamic Adjustment Under Monopolistic Competition
Keuschnigg, Christian; Kohler, Wilhelm K. - C.E.P.R. Discussion Papers - 1994
We assess some likely consequences of commercial policy in an intertemporal CGE model of an imperfectly competitive, small open economy. Specifically, we combine an overlapping generations model of aggregate savings with capital accumulation by forward-looking investors and production under...
Persistent link: https://www.econbiz.de/10005789199
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International Welfare and Employment Linkages Arising from Minimum Wages
Egger, Hartmut; Egger, Peter; Markusen, James R. - C.E.P.R. Discussion Papers - 2009
We formulate a two-country model with monopolistic competition and heterogeneous firms to reconsider labor market linkages in open economies. Labor-market imperfections arise by virtue of country-specific real minimum wages. Two principal experiments are considered. First, we show that trade...
Persistent link: https://www.econbiz.de/10004964417
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Labor Market Frictions as a Source of Comparative Advantage, with Implications for Unemployment and Inequality
Helpman, Elhanan - C.E.P.R. Discussion Papers - 2010
labor market frictions and worker heterogeneity provides a framework for studying the impact of trade on unemployment and …
Persistent link: https://www.econbiz.de/10008468664
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Labor Market Rigidities, Trade, and Unemployment
Helpman, Elhanan; Itskhoki, Oleg - C.E.P.R. Discussion Papers - 2009
vacancies, firing costs, and unemployment benefits. We study the interaction of labor market rigidities and trade impediments in … shaping welfare, trade flows, productivity, and unemployment. We show that both countries gain from trade but that the … frictions in both countries benefits both of them. The model generates rich patterns of unemployment. In particular, better …
Persistent link: https://www.econbiz.de/10008477175
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Inequality and Unemployment in a Global Economy
Helpman, Elhanan; Itskhoki, Oleg; Redding, Stephen J. - C.E.P.R. Discussion Papers - 2009
inequality and raises unemployment, but expected welfare gains are ensured if workers are risk neutral. And while wage inequality …
Persistent link: https://www.econbiz.de/10005039584