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This paper assesses the impact of international outsourcing/offshoring practices on the process of wage equalization across manufacturing sectors in a sample of EU27 economies (1995-2009). We discriminate between heterogeneous wage effects on different skill categories of workers (low, medium...
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reduce costs through either internal investment in build- ing capital or through mergers. The model, which we solve …. In general, antitrust policy can greatly affect firms' optimal investment behavior, and firms' investment behavior can in …
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external finance, to identify a causal effect of bank credit supply on firm investment in innovation. We show that firms that … growth rate of R&D spending, as well as lower R&D intensity and share of R&D investment in total investment during periods of …
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