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This study analyses how the relative specialisation indexes of production and export for various categories of products are correlated with the technological level of a country expressed in RDI expenditures and number of patent applications to the EPO. We showed that the countries investing in...
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fragmentation of the value-added chain. Fragmentation is the outcome of cost competition - the profit-maximizing choice of cost …
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Fragmentation of the value-added-chain is modeled as the reaction of monopolistically competitive firms to the removal of barriers to trade and factor mobility in an integrated trading environment. Since fragmentation requires high-skilled labor, this form of globalization can induce labor...
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geographical factors, as well as producer and consumer preferences. In Smith's theory, countries will not specialise, but rather … produce similar goods. The division of labour plays a role in Smith’s theory of foreign trade, but in a mechanical, not …
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