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How many 'American jobs' have U.S.-born workers lost due to immigration and offshoring? Or, alternatively, is it … possible that immigration and offshoring, by promoting cost-savings and enhanced efficiency in firms, have spurred the creation … model to jointly analyze the impact of a reduction in the costs of offshoring and of the costs of immigrating to the U …
Persistent link: https://www.econbiz.de/10010272471
We develop an endogenous growth model to study the long run consequences of offshoring with firm heterogeneity and … incomplete contracts. In so doing, we model offshoring as the geographical fragmentation of a firm's production chain between a … possibility of offshoring has favorable implications for economic growth. Yet, offshoring induced by a higher bargaining power of …
Persistent link: https://www.econbiz.de/10010279501
The purpose of this paper is twofold. First, we present a new model of agglomeration and trade that displays the main features of the recent economic geography literature while allowing for the derivation of analytical results by means of simple algebra. Second, we show how this framework can be...
Persistent link: https://www.econbiz.de/10011608524
The standard two-country model of international trade with monopolistic competition predicts a more-than-proportional relationship between a country's share of world production of a good and its share of world demand for that same good, a result known as the home market effect. We first show...
Persistent link: https://www.econbiz.de/10010279388
We discuss how standard computable equilibrium models of trade policy can be enriched with selection effects without missing other important channels of adjustment. This is achieved by estimating and simulating a partial equilibrium model that accounts for a number of real world effects of trade...
Persistent link: https://www.econbiz.de/10010279399