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the same region and show that transportation and communication costs have opposite effects on firms' organizational …
Persistent link: https://www.econbiz.de/10012119878
Service inputs are a key component of the costs of exporting, and contribute to explain the process of internationalization of firms. A new dataset on the participation of French firms in global value chains reveals that firms with longer export experience in a market are more likely to source...
Persistent link: https://www.econbiz.de/10012534705
welfare gains. First, for investments that would take place in the region in the absence of coordination, this measure can …
Persistent link: https://www.econbiz.de/10011408447
We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...
Persistent link: https://www.econbiz.de/10012388100
We study the effect of spatial inequality on economic activity. Given that the relationship is highly simultaneous in nature, we use exogenous variation in geographic features to construct an instrument for spatial inequality, which is independent from any man-made factors. Inequality measures...
Persistent link: https://www.econbiz.de/10011983689
Many countries operate pronounced fiscal equalization schemes that shift tax revenue across jurisdictions. We use a general equilibrium model with multiple asymmetric regions, costly trade and labor mobility to carve out the aggregate implications of this policy. Calibrating the model for...
Persistent link: https://www.econbiz.de/10011844560
The US labour market has experienced a remarkable polarization in the 1980s and 1990s. Moreover, recent empirical work has documented a sharp increase in the wealth to income ratio in that period. Contemporary to these inequality trends, the US faced a fast technological catch-up as European...
Persistent link: https://www.econbiz.de/10010417976
The study proves evidence of five new empirical facts on the impact of services offshoring on local labour markets. First, services offshoring increases average employment and wages within local labour markets, much more so in the manufacturing industry than in the services one. Second, positive...
Persistent link: https://www.econbiz.de/10012241076
This paper studies equilibrium unemployment in a two-region economy with matching frictions, where workers and jobs are … receive a job offer from each region. The rest of the framework builds upon Moretti (2011). Increasing the matching … effectiveness out of the region of residence has an ambiguous impact on unemployment rates. While it reduces the probability of …
Persistent link: https://www.econbiz.de/10010515473
This paper develops an estimator for higher-order spatial autoregressive panel data error component models with spatial autoregressive disturbances, SARAR(R,S). We derive the moment conditions and optimal weighting matrix without distributional assumptions for a generalized moments (GM)...
Persistent link: https://www.econbiz.de/10003808637