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Persistent link: https://www.econbiz.de/10001667578
Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10011406885
. Both modes of innovation are expected to raise a firm's propensity to export. According to new trade theory, we conjecture … at the firm level. Product innovation is a key factor for successful market entry in models of creative destruction and … Schumpeterian growth. Process innovation helps securing a firm's market position given the characteristics of its product supply …
Persistent link: https://www.econbiz.de/10012750419
Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10010262794
Persistent link: https://www.econbiz.de/10015332585
Recent trade negotiations, both at the regional and multilateral level, have seen a resurgence of the issue of trade and labour standards. As the world economy becomes increasingly globalised and the volume of world trade flows keeps increasing between the North and the South, it is very likely...
Persistent link: https://www.econbiz.de/10001725375
A large empirical literature finds that there is too little international trade, and too much intra-national trade to be rationalized by observed international trade costs such as tariffs and transport costs. The literature uses frameworks in which goods are assumed to be produced in just one...
Persistent link: https://www.econbiz.de/10014217012
This paper presents a framework to understand and measure the effects of political borders on economic growth and per capita income levels. We present a model providing a theoretical foundation to estimate empirically the effects of political borders on growth. In our model, political...
Persistent link: https://www.econbiz.de/10014109447
In this paper, I explore the impact of per capita income and population size on markups and bilateral trade flows in a random search framework. The intuition is that, when a firm randomly meets a consumer, only that consumer's income matters to the firm's pricing strategy;the size of the...
Persistent link: https://www.econbiz.de/10013001604
Persistent link: https://www.econbiz.de/10014025152