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We depart from the trade and wages literature and its emphasis on North-South trade, examining North-North by developing the basic linkages between trade-based integration and relative wages in an Ethier-type division of labor model. Using this model we identify a formal relationship between...
Persistent link: https://www.econbiz.de/10011334843
countries (LDCs) embarking on globalization, which enhances the prospect of direct technological imports or embodied … played by trade and FDI in determining employment. The empirical results obtained lend support to globalization having a …
Persistent link: https://www.econbiz.de/10010226717
We estimate the short- and long-run local labor market impacts of the large increase in U.S. imports and exports that occurred over the 1970s. We exploit the sequential opening of overseas shipping container ports over the period, which generated discontinuous changes in U.S. trade ows. We find...
Persistent link: https://www.econbiz.de/10013186771
We use a large sample of German workers to analyze the effect of low-wage competition with China and Eastern Europe (the East) on the wage structure within German manufacturing industries. Utilizing the method by Abowd et al. (1999), we decompose wages into firm and worker components. We find...
Persistent link: https://www.econbiz.de/10011572540
The concept of globalization refers to the growing interdependence of countries, resulting from the increasing … process are the international trade and the cross-border investment flows. Economic globalization has increased the … specialization of workers, while the companies compete in global markets. Even globalization has recently become a common topic in …
Persistent link: https://www.econbiz.de/10011992014
; incomplete contracts ; evolutionary game theory ; culture ; trade integration ; factor mobility ; globalization …
Persistent link: https://www.econbiz.de/10003879790
; incomplete contracts ; evolutionary game theory ; culture ; trade integration ; factor mobility ; globalization …
Persistent link: https://www.econbiz.de/10003882529
The nature of international trade has changed significantly. For centuries, trade concentrated on the exchange of finished goods. It now increasingly involves bits of value that are added at different locations to combine into one final product. Therefore, trade in functions or tasks are of...
Persistent link: https://www.econbiz.de/10003944713
In recent decades, many countries experienced both a rise in top income shares and an increase of income inequality among the top earners. In this paper, I study the role of international trade as a catalyst for this development and analyze the associated welfare effects. I build a simple...
Persistent link: https://www.econbiz.de/10009572266
The current globalisation process is characterized by the emergence of global value chains. That is, production processes are becoming increasingly geographically fragmented. Not only are final goods traded internationally, but in particular, trade in intermediate goods and services has...
Persistent link: https://www.econbiz.de/10009355407