Sposi, Michael J. - Volkswirtschaftliche Fakultät, … - 2010
This paper addresses the question of why the price of nontradables relative to tradables is positively correlated with … themselves by choosing to become a worker, a manager in nontradables, or a manager in tradables. A fixed cost of exporting places … nontradables, due to the presence of larger fixed costs in poor countries combined with nontrivial import costs. …