The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the …

production tasks reduces the wages paid to unskilled workers as well as their domestic employment. At the aggregate level, trade …We develop a model of international trade with a monopsonistically competitive labour market in which firms employ … and the offshoring of tasks. At the firm-level, exporting leads to higher wages and employment, while offshoring of …

production tasks reduces the wages paid to unskilled workers as well as their domestic employment. At the aggregate level, trade …We develop a model of international trade with a monopsonistically competitive labour market in which firms employ … and the offshoring of tasks. At the firm-level, exporting leads to higher wages and employment, while offshoring of …

This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The … a U.S. bank's share of the trade finance market in a country is, the larger should be the effect on exports to that … effects on export growth. A shock of one standard deviation to a country's supply of trade finance decreases exports, on …

the universe of cash transfer, unemployment insurance, and training beneficiaries. Negative employment effects take over a … permanently skilled workers while reducing unskilled workers. Brazilian workers suffer smaller employment losses in highly …, employment and productivity) downsizing. Unemployment insurance and cash transfers yield limited wage loss replacement (6 percent …

-informed trade unions are output and welfare increasing. Trade between a country with trade unions (the North) and a union …-free country (the South) can imply a reduction in work standards in the North. When trade unions are established in the South, the …

margin, with domestic employment shifted from the newly offshoring firms in the middle of the productivity distribution to …