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This paper studies the great collapse in value added trade using a structural decomposition analysis. We show that changes in vertical specialisation accounted for almost half of the great trade collapse, while the previous literature on gross trade has mainly focused on final expenditure,...
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Was the collapse of world trade between 1928 and 1937 caused by higher transport costs, increased protectionism or the …
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enables firms in less-developed countries to export to richer parts of the world. …
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We investigate how workers adjust to firms’ investments into new digital technologies, including artificial intelligence, augmented reality, or 3D printing. For this, we collected novel data that links survey information on firms’ technology adoption to administrative social security data....
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This paper studies the importance of incentives as a determinant of international trade flows. We argue that barter, countertrade and foreign direct investment can be seen as efficient institutions that mitigate contractual hazards which arise in technology trade, marketing and imperfect capital...
Persistent link: https://www.econbiz.de/10011417816
The specification of the world closure, i.e. the way of closing the domestic economy model by incorporating the … all countries. This paper looks explicitly at the assumptions concerning the trade behaviour of the rest of the world that … world's export supply function in which a constant finite price elasticity is introduced. The second change concerns the …
Persistent link: https://www.econbiz.de/10013428143
. Larger firms pay higher wages and exporters pay higher wages than non-exporters. The opening of trade enhances wage …
Persistent link: https://www.econbiz.de/10003868538