Showing 1 - 10 of 7,134
This paper explores the use of structural models as an alternative to reduced form methods when decomposing observed joint trade and technology driven wage changes into components attributable to each source. Conventional mobile factors Heckscher-Ohlin models typically reveal problems of...
Persistent link: https://www.econbiz.de/10012471472
The U.K. skill premium fell from the 1950s to the late 1970s and then rose very sharply. This paper examines the contributions to these relative wage movements of international trade and technical change. We first measure trade as changes in product prices and technical change as TFP growth....
Persistent link: https://www.econbiz.de/10012471829
It has been alleged that multinational firms fail to adapt their methods of production to take advantage of the …-intensive methods of production in LDC's than in developed countries and do multinational firms' affiliates in LDC's use more capital … cost, using the most capital-intensive methods of production at home and the least capital-intensive methods in low …
Persistent link: https://www.econbiz.de/10012478857
Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade … wages and production. Extensions of the integrating framework easily accommodate monopolistic competition and two …
Persistent link: https://www.econbiz.de/10012462768
We propose a theory of task trade between countries that have similar relative factor endowments but may differ in size …
Persistent link: https://www.econbiz.de/10012464094
The classical Heckscher-Ohlin-Mundell paradigm states that trade and capital mobility are substitutes, in the sense that trade integration reduces the incentives for capital to flow to capital-scarce countries. In this paper we show that in a world with heterogeneous financial development, the...
Persistent link: https://www.econbiz.de/10012465412
necessary and sufficient conditions for the effects on wages, prices, production and trade. We show that offshoring requires …
Persistent link: https://www.econbiz.de/10012465665
This paper contrasts the properties of dynamic Heckscher-Ohlin models with overlapping generations with those of models with infinitely lived consumers. In both environments, if capital is mobile across countries, factor price equalization occurs after the initial period. In general, however,...
Persistent link: https://www.econbiz.de/10012466096
-stage production, and country-specific trade costs. We derive patterns of production specialization and trade for a matrix of countries … that differ in relative endowments (columns) and trade costs (rows). We demonstrate how the ability to fragment production … and/or a proportional change in all countries' trade costs alters these patterns. Production specialization and the volume …
Persistent link: https://www.econbiz.de/10012467636
This paper examines the extent to which the process of globalization can explain the observed widening in the cross--country distribution of output--per--worker. In particular examine whether the opening up of trade in a Hecksher--Ohlin type model of trade can explain the observed changes. On...
Persistent link: https://www.econbiz.de/10012468128