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Chinese trade, and the growth of vertically specialized trade due to international production fragmentation. The literature in …
Persistent link: https://www.econbiz.de/10010285312
of vertically specialized trade due to international production fragmentation. While vertical specialization may explain …
Persistent link: https://www.econbiz.de/10012148575
fragmentation. Whereas the growth in North-South trade has been labeled "horizontal globalisation", fragmentation stands for the … "vertical globalisation". First fragmentation is introduced into a Ricardian model with one factor of production in a small … functions where we introduce one or two components. As a result, it seems to be clear that fragmentation is changing …
Persistent link: https://www.econbiz.de/10010300397
This paper explores the implications on trade and wage inequality of introducing financial capital or credit in the standard Ricardian model of production, where a given amount of start-up credit is used to employ sector specific skilled and unskilled workers following the Wage Fund approach of...
Persistent link: https://www.econbiz.de/10012582115
intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical … developing economy grows faster than the rest of the world as a result of global fragmentation and trade in intermediates if it …
Persistent link: https://www.econbiz.de/10012799706
Sino-European trade relations have been controversially discussed mainly, if not only, because of the increasing European Union's bilateral trade deficit with China. As from the European perspective trade with China becomes more important, the structural adjustment process of the Chinese economy...
Persistent link: https://www.econbiz.de/10010266658
-diverting elements of an FTA. It follows, that rules of origin, viewed as constraints on cross-border fragmentation, augment the negative …
Persistent link: https://www.econbiz.de/10010270580
This paper attempts to quantify the impact of fragmentation on employment. Factor demand functions for labour and … partly imported intermediates (= outsourcing or fragmentation) (ii) increased employment due to higher demand caused by an …
Persistent link: https://www.econbiz.de/10011435073
The main contribution of this paper is to place smooth infinite economies in the setting of the equilibrium manifold and the natural projection map à la Balasko. We show that smooth infinite economies have an equilibrium set that has the structure of a Banach manifold and that the natural...
Persistent link: https://www.econbiz.de/10010322634
A stumbling block in the modelling of competitive markets with commodity and price spaces of infinite dimensions, arises from having positive cones with an empty interior. This issue precludes the use of tools of differential analysis, ranging from the definition of a derivative, to the use of...
Persistent link: https://www.econbiz.de/10010392394