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The Employment and Wage Effects of Import Competition in the United States

Grossman, Gene M. - 2021

sensitivity of employment to the domestic price of imports varies significantly across these nine sectors, whereas industry wages … of unemployment and wages so generated and the actual, historical paths are attributed to the effects of import … in wages in two industries, among the nine studied …

Persistent link: https://www.econbiz.de/10013229131

Matching and Sorting in a Global Economy

Grossman, Gene M. - 2013

, labor and "managers", each with a distribution of ability levels. Production combines a manager of some type with a group of …

Persistent link: https://www.econbiz.de/10013074651

Managerial Incentives and the International Organization of Production

Helpman, Elhanan; Grossman, Gene M. - 2021

We develop a model in which the heterogeneous firms in an industry choose their modes of organization and the location of their subsidiaries or suppliers. We assume that the principals of a firm are constrained in the nature of the contracts they can write with suppliers or employees. Our main...

Persistent link: https://www.econbiz.de/10013240610

Growth and Welfare in a Small Open Economy

Grossman, Gene M. - 2010

We construct a model of growth based on endogenous technological change in a small, open economy. Entrepreneurs develop new intermediate products whenever the present value of potential profits exceeds the cost of R&D. Diversity of intermediates contributes to total factor productivity in the...

Persistent link: https://www.econbiz.de/10013139328

Foreign Investment with Endogenous Protection

Grossman, Gene M. - 2011

Jagdish Bhagwati coined the phrase quid pro quo foreign investment to describe international investments made in anticipation of host country trade policy and perhaps with the intention of defusing a protectionist threat. We apply Bhagwati's notion to situations where (i) foreign investment is...

Persistent link: https://www.econbiz.de/10013125846

A Linder Hypothesis for Foreign Direct Investment

Fajgelbaum, Pablo D. - 2014

We study patterns of FDI in a multi-country world economy. We develop a model featuring non-homothetic preferences for quality and monopolistic competition in which specialization is purely demand-driven and the decision to serve foreign countries via exports or FDI depends on a...

Persistent link: https://www.econbiz.de/10013067204

Balanced Growth Despite Uzawa

Grossman, Gene M. - 2016

The evidence for the United States points to balanced growth despite falling investment-good prices and an elasticity of substitution between capital and labor less than one. This is inconsistent with the Uzawa Growth Theorem. We extend Uzawa's theorem to show that the introduction of human...

Persistent link: https://www.econbiz.de/10013001767

Income Distribution, Product Quality, and International Trade

Fajgelbaum, Pablo D. - 2009

We develop a framework for studying trade in vertically and horizontally differentiated products. In our model, consumers with heterogeneous incomes and tastes purchase a homogeneous good as well as making a discrete choice of quality and variety of a differentiated product. The distribution of...

Persistent link: https://www.econbiz.de/10013156428

Infant-Industry Protection Reconsidered : the Case of Informational Barriers to Entry

Grossman, Gene M. - 2007

In industries with imperfect consumer information, the lack of a reputation puts latecomers at a competitive disadvantage vis-a-vis established firms. We consider whether the existence of such informational barriers to entry provides a valid reason for temporarily protecting infant producers of...

Persistent link: https://www.econbiz.de/10012777326

Trading Tasks : A Simple Theory of Offshoring

Grossman, Gene M. - 2006

For centuries, most international trade involved an exchange of complete goods. But, with recent improvements in transportation and communications technology, it increasingly entails different countries adding value to global supply chains, or what might be called quot;trade in tasks.quot; We...

Persistent link: https://www.econbiz.de/10012779022