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Does Offshoring Production Reduce Innovation : Firm-Level Evidence from Taiwan

Branstetter, Lee; Chen, Jong-rong; Glennon, Britta; … - National Bureau of Economic Research - 2021

Does the offshoring of production degrade or enhance the innovative capabilities of manufacturing firms? We contribute … products to China. We find causal evidence that offshoring impacts both the level and nature of innovation. In the technologies … evidence of a second-order positive effect of offshoring on the levels of innovation--particularly product innovation--in other …

Persistent link: https://www.econbiz.de/10012616565

Market Fragmentation

Chen, Daniel - 2020

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

Outsourcing Tariff Evasion : A New Explanation for Entrepot Trade

Fisman, Raymond - 2007

Traditional explanations for indirect trade through an entrepot have focused on savings in transport costs and on the role of specialized agents in processing and distribution. We provide an alternative perspective based on the possibility that entrepots may facilitate tariff evasion. Using data...

Persistent link: https://www.econbiz.de/10012465839