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interdependent, and the O-ring theory of production is such a theory. The paper first presents and modifies this model and then … to trade barriers and infrastructure quality and cost of infrastructural services. The relative importance of trade … barriers and various indicators of infrastructure vary between sectors. Vertical specialization in the electronics sector …
Persistent link: https://www.econbiz.de/10010205555
This paper explores patterns of quality differentiation and specialization relying on model-level panel data of retail sales and prices of refrigerators across 23 countries in the European Union. Unlike customs data aggregated at the product category, typically used in the literature,...
Persistent link: https://www.econbiz.de/10012433943
This paper explores patterns of quality differentiation and specialization relying on model-level panel data of retail sales and prices of refrigerators across 23 countries in the European Union. Unlike customs data aggregated at the product category, typically used in the literature,...
Persistent link: https://www.econbiz.de/10014533531
The core idea behind the paper is that trade policy matters for the organization of global value chains, a notion largely neglected by economists but which has important implications for our understanding of trade and the international transmission of trade policy shocks. We develop a...
Persistent link: https://www.econbiz.de/10010336935
Persistent link: https://www.econbiz.de/10009616656
In this paper, we construct an elaborate general equilibrium model with a continuum of production fragments for an intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical specialization and trade on growth and inequality for a small...
Persistent link: https://www.econbiz.de/10012668495
This paper explores the impact of vertical specialization on world trade within the framework of the O-ring theory of … in low-cost countries will only have an incentive to upgrade quality if adequately efficient infrastructure, logistics …
Persistent link: https://www.econbiz.de/10010205552
There is an ongoing debate in the literature about the quality content of Chinese exports and to what extent China imposes a threat to the market positions of advanced economies. While China's export structure is very similar to that of the advanced world, its export unit values are well below...
Persistent link: https://www.econbiz.de/10008935837
Does exporting intermediate goods induce learning from importers? In this paper, we examine to what extent learning from German industries can be explained by knowledge spillovers, channeled through the export of intermediate goods. Our study is based on a sample of 27 German trade partners in...
Persistent link: https://www.econbiz.de/10014316501
According to conventional wisdom, multinational firms undertake vertical FDI in order to take advantage of cross-border factor cost differences and source the inputs from abroad at better terms. Recent empirical findings though document that this is not always the case. We provide theoretical...
Persistent link: https://www.econbiz.de/10011565578