Eckel, Carsten - Center for Globalization and Europeanization of the … - 2003
economics. In contrast to previous studies, we illustrate that globalization does not necessarily lead to specialization. The … analysis is conducted in an extended Dixit-Stiglitz- Ethier framework. Whether globalization leads to specialization or to more … to the optimal degree of specialization we show that globalization can reduce the efficiency of the industrial structure. …