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migrants and natives under both migration and trade. We use a general equilibrium model of migration, human capital and social … natives. Trade and both migration solutions reduce inequality between the populations of the two countries by the same amount …. In addition, trade and migration are not equivalent if social capital is present: the highest welfare is obtained with …
Persistent link: https://www.econbiz.de/10005822670
In a two-sector, general-equilibrium model with labor-market search frictions, we find that wage increases and sectoral unemployment decreases upon offshoring in the presence of perfect intersectoral labor mobility. If, as a result, labor moves to the sector with the lower (or equal) vacancy...
Persistent link: https://www.econbiz.de/10005070432
This paper examines the role of immigrant networks on trade, particularly through the demand effect. First, we examine … the effect of immigration on trade when the immigrants consume more of the goods that are abundant in their home country … than the natives in a standard Heckscher-Ohlin model and find that the effect of immigration on trade is a priori …
Persistent link: https://www.econbiz.de/10008682952
Selling internationally requires products that resonate with an international customer base and therefore an approach to markets that is in keeping with diverse cultures (i.e., relational capital). As emphasized by international business studies, this relational capital is in turn related to the...
Persistent link: https://www.econbiz.de/10010884332
Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade … that this trade-promoting effect of language is likely to reflect cultural ties, rather than lower costs of communication … local dialect between regions have a sizable and significant positive impact on intra-national trade. We interpret this …
Persistent link: https://www.econbiz.de/10011079240
Despite the EU emphasis on the 1995 Barcelona process, trade integration with the Mediterranean (MED) countries is … compute the trade potential of these EU partners from 1995 to 2002 using an “out-of-sample” methodology. The coefficients are … taken from different panel estimators of the gravity equation relative to intra- EU trade. Our analysis suggests the …
Persistent link: https://www.econbiz.de/10005703226
The EU and the US have started negotiations on a Transatlantic Trade and Investment Partnership Agreement (TTIP) which …
Persistent link: https://www.econbiz.de/10010884392
trade in addition to wages. The bottom-line interests are to provide elasticities of the demand for unskilled (and other …) labor that should assist in short-run policy design and to identify the extent of skill biases or otherwise in trade and …
Persistent link: https://www.econbiz.de/10005763787
its size and welfare impact, and b) examines the impact of international migration as well as the migration-trade …-South migration raises bloc size and welfare; iv) South-South migration and trade are complements under market access negotiations and …
Persistent link: https://www.econbiz.de/10008506072
) of trade-related foreign R&D (NRD), education and governance. The measures of NRD are constructed based on industry …-specific R&D in the North, North-South trade patterns, and input-output relations in the South. The main findings are: i … variables – education, governance or openness – result in virtuous growth cycles. These are smallest under an increase in trade …
Persistent link: https://www.econbiz.de/10008568276