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We develop a general equilibrium model of international trade with heterogeneous firms, where countries can invest into basic research to improve their technological potential. These research investments tighten firm selection and raise the average productivity of firms in the market, thereby...
Persistent link: https://www.econbiz.de/10013131927
We develop a theory of a firm in an environment with incomplete contracts. The firm's headquarter decides on the …
Persistent link: https://www.econbiz.de/10013136032
consumers has inspired the development of a new brand of trade theory, the theory of heterogeneous firms and trade. The …
Persistent link: https://www.econbiz.de/10013118266
technology, globalization tends to lead to convergence. Moreover, under non-convex technology trade and migration tend to be … the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …
Persistent link: https://www.econbiz.de/10013098128
I examine how globalization affects wages and welfare in a general equilibrium model of international trade with partly … oligopolistic markets. Globalization is modeled as reducing trade costs or opening up shielded sectors to trade. There is a national …
Persistent link: https://www.econbiz.de/10013013586
We propose the so-called domestic "embodied unit labor costs" (EULC) at the country-sector level as a new cost-related basis for measures of international competitiveness. EULC take into account that a sector's labor costs constitute only a small share of its total cost which to a large extent...
Persistent link: https://www.econbiz.de/10012919512
Important labour market consequences of globalization may arise via product market integration which affects the room …
Persistent link: https://www.econbiz.de/10013317238
, in contrast, that σ is affected by both globalization and technology, and that different intensities in these drivers … substitution between capital and labor is below unity; that it increases along with the degree of globalization; but it decreases …-output ratio on the labor share irrespective of the degree of globalization (which would be consistent with an average aggregate …
Persistent link: https://www.econbiz.de/10012950903
- using different taxonomies put forward by the innovation literature - the concrete ways through which an emerging country … where domestic innovation has to be complemented by the role played by international technology transfer. In the second part … skills. In particular, the prescriptions by the conventional trade theory will be contrasted with a view taking into account …
Persistent link: https://www.econbiz.de/10012909972
's innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm … export and innovation activities to become substitutes although they are generally natural complements …
Persistent link: https://www.econbiz.de/10013039087