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This paper addresses a complex of globalization issues: the effect of globalization on the skill premium; the effect of … globalization on unemployment; the relative importance of globalization and exogenous technical change; the effect of globalization …, I assume that out-sourcing and unskilled labor are highIy substitutable and that equipment and skilIed labor are …
Persistent link: https://www.econbiz.de/10011327534
We depart from the trade and wages literature and its emphasis on North-South trade, examining North-North by developing the basic linkages between trade-based integration and relative wages in an Ethier-type division of labor model. Using this model we identify a formal relationship between...
Persistent link: https://www.econbiz.de/10011334843
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The word fragmentation refers to a splitting up of a verticallyintegrated production process such that the separatefragments can be traded on markets. This paper is concerned withinternational fragmentation, generally allowing gainsfrom a finer division of labor based on comparative advantage...
Persistent link: https://www.econbiz.de/10011303875
In this paper we demonstrate that intra-industry trade (or FDI)between identical countries could produce theobserved deterioration in the relative wages of unskilled workers.This involves a model of North-Northintegration through either increased trade flows or increased MNE-based production....
Persistent link: https://www.econbiz.de/10011303867
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This paper is concerned with rules of origin when intermediate goods aredifferentiated. An analytical model emphasizes trade patterns and the relativeimportance of trade in intermediates given trade preferences. Econometric evidencebased on intra-OECD trade in motor vehicles and motor vehicle...
Persistent link: https://www.econbiz.de/10011346488
structural change in industrial import patterns is in principleambiguous. A standard empirical growth model is augmented by …
Persistent link: https://www.econbiz.de/10011335211
Xiaokai Yang's theory of economic specialization under increasing returns to scale is a formal development of the … fundamental Smith-Young theorem on the extent of the market and the social division of labor. In this theory specialization and …
Persistent link: https://www.econbiz.de/10011348696