Showing 1 - 10 of 117
Based on the conceptual results of Findlay, Grubert (1959) and Krugman (2000) we analyze the movement of the relative price of skill-intensive goods under skill-biased technological change and the countervailing effect of increasing world-wide supply of low-skilled-labor. While the labor supply...
Persistent link: https://www.econbiz.de/10005566168
This paper investigates Samuelson's (JEP, 2004) argument that technical progress of the trade partner may hurt the home country. We illustrate this prospect in a simple Ricardian model for sitations with outward knowledge spillovers. Within this framework Samuelson's "Act II" effects may occur....
Persistent link: https://www.econbiz.de/10005566209
This paper explores the link between exports and total factor productivity (TFP) for Brazilian manufacturing firms over … the period 2000-2008, both under the assumption of an exogenous or an endogenous law of motion for productivity. The … law of motion for productivity, which reinforces the importance of accounting for firm export status to study the …
Persistent link: https://www.econbiz.de/10011263003
. Estimates based on the conditional logit model show a significantly positive relationship between initial labour productivity … probability to export and initial labour productivity is low once firm effects are controlled for. Surprisingly, the impact of … labour productivity on exporting does not differ between micro enterprises and the remaining SMEs (10-249 employees …
Persistent link: https://www.econbiz.de/10011203166
Translated to a cross-country context, the Solow model (Solow, 1956) predicts that international differences in steady state output per person are due to international differences in technology for a constant capital output ratio. However, most of the cross-country growth literature that refers...
Persistent link: https://www.econbiz.de/10005818789
The labour markets in the developed countries have experienced two fundamental changes in recent years. Firstly, high-skilled workers have gained at the expense of low-skilled workers, which manifests itself in a rising skill premium and/or a rising disparity in the unemployment rates of these...
Persistent link: https://www.econbiz.de/10005818878
We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for endogenous commodity prices, we find that economic...
Persistent link: https://www.econbiz.de/10005755277
When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating stimulus packages. Some countries (among them, most notably, China and the US) tried to put special emphasis on their home industries by including ``Buy local'' clauses into the...
Persistent link: https://www.econbiz.de/10008458433
We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two sectors and heterogeneous firms. This allows us to study the distributional consequences and the skill-specific unemployment effects of trade liberalization. We show that the...
Persistent link: https://www.econbiz.de/10005034306
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...
Persistent link: https://www.econbiz.de/10005034308