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There is no empirical evidence that trade exposure per se increases child labour. As trade theory and household … economics lead us to expect, the cross-country evidence seems to indicate that trade reduces or, at worst, has no significant …
Persistent link: https://www.econbiz.de/10011410919
decomposing globalization to its components; foreign direct investment (FDI) and trade. The findings reveal that the relationship …
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Transaction costs are a major reason why international trade flows are much smaller than traditional trade theory would … suggest. Trust between trading partners lowers transaction costs and may therefore enhance trade. The empirical analysis of … this paper shows that more trust leads to more trade so that part of the mystery of missing trade can be attributed to the …
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A 2-country model with two groups of agents, workers and capitalists is presented in which economic integration results in an initial phase of catch-up, where the less industrialised country experiences the rise in both capital and labour income. Then, after a certain level of integration has...
Persistent link: https://www.econbiz.de/10010291923
into the component factors of trade surges in low wage products and technological change that has preoccupied the trade and …, when this may not be the case. Incorrect conclusions as to how trade surges and technology contribute to wage inequality …
Persistent link: https://www.econbiz.de/10010292022