Showing 1 - 10 of 108
There is no empirical evidence that trade exposure per se increases child labour. As trade theory and household … economics lead us to expect, the cross-country evidence seems to indicate that trade reduces or, at worst, has no significant …
Persistent link: https://www.econbiz.de/10005703735
This paper explores the quantitative consequences of transatlantic trade liberalization envisioned in a Transatlantic … Trade and Investment Partnership (TTIP) between the United States and the European Union. Our key innovation is to develop a … new quantitative spatial trade model and to use an associated technique which is extraordinarily parsimonious and tightly …
Persistent link: https://www.econbiz.de/10011273183
inherently multi-country nature of both migration and other forms of integration, such as international trade and remittance …
Persistent link: https://www.econbiz.de/10011279236
Recent studies indicate that firms often outsource standard and simple tasks, while keeping complex and important inputs inside their boundaries. This observation is difficult to reconcile with the property rights approach of the firm, which suggests that important components should be...
Persistent link: https://www.econbiz.de/10011279357
Models of the new economic geography share a number of common conclusions, but also exhibit notable differences, in particular with respect to the shape of the location pattern and the efficiency of the market equilibrium. This reflects the fact that these models rely heavily on specific...
Persistent link: https://www.econbiz.de/10005233783
I illustrate that the welfare improvement property of the Melitz model is due to the shape of the aggregate labor demand curve, which slopes upwards. By slightly changing some assumptions in the model, this curve may have a negative slope. In this case, increases in aggregate productivity result...
Persistent link: https://www.econbiz.de/10005233865
consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The … framework to bring out key lessons of this recent research. We address the gains from trade, country asymmetries involving … technology potentials, market sizes, trade openness and various business conditions as well as the international repercussions …
Persistent link: https://www.econbiz.de/10009369421
We develop a theory of a firm in an environment with incomplete contracts. The firm’s headquarter decides on the complexity, the organization, and the global scale of its production process. Specifically, it decides: i) on the mass of symmetric intermediate inputs that are part of the value...
Persistent link: https://www.econbiz.de/10008693834
An analytically solvable model of new economic geography is developed. Acquisition of skills is costly for workers but it allows them to earn wages that are larger than those of the unskilled. Moreover, skills acquisition can be subsidized by a regional government. For large transport costs,...
Persistent link: https://www.econbiz.de/10005762199
This paper provides a simple theory of geographical mobility which simultaneously explains people’s choice of residences in space and the location of industry. Residences are chosen on the basis of the utility which mobile households obtain across locations. The spatial pattern of industry is...
Persistent link: https://www.econbiz.de/10005762313