Showing 1 - 10 of 83
decades. We argue that pervasive skill biased technological change rather than increased trade with the developing world is … depressing effect on their relative wages through world goods prices. In contrast, in the Heckscher-Ohlin model with small open … economies, the skill-bias of local technological changes do not affect wages. Thus, pervasiveness deals with a major criticism …
Persistent link: https://www.econbiz.de/10005190620
Numerous studies on firm-level data have reported higher average wages in foreign-owned firms than in domestically … individual wages, controlling for individual and firm heterogeneity as well as for possible selection bias in foreign … negative effect on wages. …
Persistent link: https://www.econbiz.de/10005419528
FDI can be an important channel for developing countries’ ability to get access to new technology. The impact of FDI on … demonstration effects could have a positive impact. Another and so far little examined effect of FDI on technology development in … domestically-owned firms is through the impact on competition. We examine the effect of FDI on competition in the Chinese …
Persistent link: https://www.econbiz.de/10005645313
This study provides the first empirical test of strategic interactions in the pricing decisions of regulated utilities. Since publicly owned water utilities in Sweden are governed by a cost-of-service regulation, prices in neighboring municipalities should not affect the own price other than...
Persistent link: https://www.econbiz.de/10010818389
In many intermediate goods markets buyers and sellers both have market power. Contracts are usually long-term and negotiated bilaterally, codifying many elements in addition to price. We model such bilateral oligopolies as a set of simultaneous Rubenstein-Stahl bargainings over contracts...
Persistent link: https://www.econbiz.de/10005670108
The paper demonstrates how trade between developing countries can cause the divergence of long-run growth among these … trade occurs at any moment if the countries have different numbers of intermediate varieties. The country with a larger …
Persistent link: https://www.econbiz.de/10005670111
Persistent link: https://www.econbiz.de/10005671122
trade. Utility-maximizing agents opt between careers in specialized production and careers in predation. Three types of …
Persistent link: https://www.econbiz.de/10005486504
trade expansion. Specifically, we present a stages-of-growth model in which the four phenomena are jointly endogenous and …
Persistent link: https://www.econbiz.de/10005639328
This paper considers a small open economy where an input-output industrial structure, scale economies and imperfect competition, create vertical linkages and multiple equilibria. In this environment, an imperfect labor market is introduced by assuming unionized labor. It is shown that if the...
Persistent link: https://www.econbiz.de/10005639333