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reshoring or offshoring. When the demand elasticity rises with price, two policy instruments generally are needed to achieve …
Persistent link: https://www.econbiz.de/10012660008
U.S. manufacturing employment. Our findings suggest that offshoring by multinationals was a key driver of the observed …
Persistent link: https://www.econbiz.de/10012479773
be performed at home or abroad, but offshoring entails costs that vary by task. In equilibrium, the tasks with the … highest offshoring costs may not be traded. Among the remainder, those with the relatively higher offshoring costs are …
Persistent link: https://www.econbiz.de/10012464094
tradable tasks and use it to study how falling costs of offshoring affect factor prices in the source country. We identify a …
Persistent link: https://www.econbiz.de/10012465939
We develop an equilibrium model of industrial structure in which the organization of firms is endogenous. Differentiated consumer products can be produced either by vertically integrated firms or by pairs of specialized companies. Production of each variety of consumer good requires a unique,...
Persistent link: https://www.econbiz.de/10012471481
Outsourced workers experience large wage declines, yet domestic outsourcing may raise aggregate productivity. To study … wage premia. Second, outsourcing raises output at the firm level. Third, contractors endogenously locate at the bottom of … the job ladder, implying that outsourced workers receive lower wages. Using firm-level instruments for outsourcing and …
Persistent link: https://www.econbiz.de/10012660026
We model a simple market setting in which fragmentation of trade of the same asset across multiple exchanges improves allocative efficiency. Fragmentation reduces the inhibiting effect of price-impact avoidance on order submission. Although fragmentation reduces market depth on each exchange, it...
Persistent link: https://www.econbiz.de/10012479351
Using the universe of large Canadian manufacturing firms in 1988 and 1996, we investigate to what extent outsourcing … outsourcing less likely; (ii) complementarities between the investments of the buyer and the seller are also associated with less … outsourcing; (iii) property rights predictions on the link between investment intensities and optimal ownership are only supported …
Persistent link: https://www.econbiz.de/10012464170
relevant prevalence of outsourcing and foreign direct investment …
Persistent link: https://www.econbiz.de/10012469300
We study the determinants of the extent of outsourcing and of direct foreign investment in an industry in which …
Persistent link: https://www.econbiz.de/10012469406