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reduce the relative prevalence of FDI or foreign outsourcing. The impact on the composition of offshoring depends on whether … supplier locations, and then study the effects of changes in the quality of contractual institutions on the relative prevalence … of these organizational forms. Better contracting institutions in the South raise the prevalence of offshoring, but may …
Persistent link: https://www.econbiz.de/10012465913
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
We link industry-level data on trade and offshoring with individual-level worker data from the Current Population …
Persistent link: https://www.econbiz.de/10012463543
The shift towards a "factory-free" economy has drawn the attention of policy makers in North America and Europe. Some politicians have articulated alarming views, initiating mercantilist or 'beggar-thy-neighbour' cost-competitiveness policies. Yet companies that concentrate research and design...
Persistent link: https://www.econbiz.de/10012455664
effects of globalization, with offshoring to low wage countries and imports both associated with wage declines for US workers … offshoring to China has also contributed to wage declines among US workers. However, the role of trade is quantitatively much … more important. We also explore the impact of trade and offshoring on labor force participation rates. While offshoring to …
Persistent link: https://www.econbiz.de/10012457641
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