Showing 1 - 10 of 693
This paper exploits a unique offshoring survey to show that firms continue domestic production of the same goods they …. Firms' reactions also motivate a new offshoring measure - produced- good imports - that is readily observed in most firm …
Persistent link: https://www.econbiz.de/10012482035
integration of commodity markets (i.e., free trade) and international integration of factor markets (i.e., offshoring). In a two …-country, two-good, two-factor model we show that free trade and offshoring have opposite effects on rich-country workers. Free … trade hurts rich-country workers, while reducing the volatility of their wages; by contrast, offshoring benefits them, while …
Persistent link: https://www.econbiz.de/10012463601
This paper examines the relationship between the share of employment potentially affected by offshoring and economic … statistical association between the share of both "non-clerical" and clerical occupations potentially affected by offshoring and …
Persistent link: https://www.econbiz.de/10012465860
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
Global production sharing is determined by international cost differences and frictions related to the costs of unbundling stages spatially. The interaction between these forces depends on engineering details of the production process with two extremes being 'snakes' and 'spiders'. Snakes are...
Persistent link: https://www.econbiz.de/10012462046
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 study how the rise of trade in services with China and India has impacted U.S. labour markets. The topic has two understudied aspects: it deals with service trade (most studies deal with manufacturing trade) and it examines the historical first of U.S. workers competing with educated but...
Persistent link: https://www.econbiz.de/10012461099
We identify "first generation" statistics to measure offshoring as the share of imported intermediate inputs in costs … demand and relative wages due to offshoring. A limitation of these statistics is that they cannot be used to measure the … impact on real wages, and for that purpose, we need price-based measures of offshoring. More recently, "second generation …
Persistent link: https://www.econbiz.de/10012455613
This paper examines how a newly designed global safe asset can mitigate international capital flows induced by flight-to-safety. In the model domestic investors have to co-invest in a safe asset along with their physical capital. At times of crisis, investors replace the initially safe domestic...
Persistent link: https://www.econbiz.de/10012481021
Using the "trilemma indexes" developed by Aizenman et al. (2008) that measure the extent of achievement in each of the three policy goals in the trilemma--monetary independence, exchange rate stability, and financial openness--we examine how policy configurations affect macroeconomic...
Persistent link: https://www.econbiz.de/10012462774