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manufacturing and product specificity of in-house production. In this framework, globalization can lead to alternating waves of … insourcing and outsourcing, but once the world market reaches a threshold size, outsourcing prevails. We also derive a number of …
Persistent link: https://www.econbiz.de/10010296394
manufacturing and product specificity of in-house production. In this framework, globalization can lead to alternating waves of … insourcing and outsourcing, but once the world market reaches a threshold size, outsourcing prevails. We also derive a number of …
Persistent link: https://www.econbiz.de/10010954336
We present a North-South model of international trade in which differentiated products are developed in the North. Sectors are populated by final-good producers who differ in productivity levels. Based on productivity and sectoral characteristics, firms decide whether to integrate into the...
Persistent link: https://www.econbiz.de/10014082766
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. …
Persistent link: https://www.econbiz.de/10010300141
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. …
Persistent link: https://www.econbiz.de/10010954300
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. …
Persistent link: https://www.econbiz.de/10005635367
We study the role of firm heterogeneity and imperfect competition for global production networks and the gains from trade. We develop a quantifiable trade model with two-sided firm heterogeneity, matching frictions, and oligopolistic competition upstream. More productive buyers endogenously...
Persistent link: https://www.econbiz.de/10015051741
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
Persistent link: https://www.econbiz.de/10009154876
We develop a partial equilibrium, perfectly competitive framework of a (potentially) vertically oriented industry. There are three types of firms: Upstream firms that use primary factors to produce an intermediate; downstream firms that use primary factors and intermediates to produce a final...
Persistent link: https://www.econbiz.de/10013116872