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This paper explores the geographic overlap of trade and technology shocks across local labor markets in the United States. Regional exposure to technological change, as measured by specialization in routine task-intensive production and clerical occupations, is largely uncorrelated with regional...
Persistent link: https://www.econbiz.de/10013083804
Persistent link: https://www.econbiz.de/10013142078
In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...
Persistent link: https://www.econbiz.de/10013057413
This paper analyzes the potential effect of global market competition on inflation dynamics. It does so through the lens of the Calvo model of staggered price-setting, which implies that inflation depends on expected future inflation and a measure of marginal costs. I modify the assumption of a...
Persistent link: https://www.econbiz.de/10012759746
Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their …, vertical linkages with foreign firms, and international trade on several types of innovation by domestic firms. Using … and innovation and show that the supply chain of multinational enterprises and international trade are also important …
Persistent link: https://www.econbiz.de/10012751127
Has rising import competition contributed to the polarization of U.S. politics? Analyzing outcomes from the 2002 and 2010 congressional elections and the 2000, 2008, and 2016 presidential elections, we detect an ideological realignment that is centered in trade-exposed local labor markets and...
Persistent link: https://www.econbiz.de/10012982947
Economists devote too much attention to international flows of goods and services and not enough to international flows …, including trade economists, would be better equipped to talk about international flows of technologies and rules if they adopted …
Persistent link: https://www.econbiz.de/10013070271
The received view pins the adoption of labor regulation before 1914 on domestic forces. Using directed dyad-year event history analysis, we find that trade was also a pathway of diffusion. Market access served as an important instrument to encourage a level playing field. The type of trade...
Persistent link: https://www.econbiz.de/10013150840
Two prominent features of globalization in recent decades are the remarkable increase in trade and in migratory flows … costs, the increase in international migration has involved mainly highly educated workers. During the same period … regions. Even in a free trade regime the removal of the restrictions on labor movements would benefit Europe as a whole by …
Persistent link: https://www.econbiz.de/10012775557
What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing …
Persistent link: https://www.econbiz.de/10012759104