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world's most services-intensive economies. This paper highlights recent business case studies in Australia, which …
Persistent link: https://www.econbiz.de/10013122569
Mexico experienced a tremendous expansion of its export-processing maquila sector during the 1990s. At the same time, a large proportion of its labor force remains employed in the informal sector. Since one of the main objectives of the maquiladora program was to increase formal employment, we...
Persistent link: https://www.econbiz.de/10013112603
Recent studies suggest that firms may gain from global sourcing of innovative activities. Yet, only a small number of firms offshore their R&D, design, and engineering tasks. To explain this selection pattern, this paper examines the heterogeneity in total factor productivity among a large group...
Persistent link: https://www.econbiz.de/10013001825
Offshoring continues to be an important dimension of firms' internationalization choices. However, offshoring also … develop a heterogeneous firm framework with immigrants and offshoring costs, including technology leakage. In the model … about the characteristics of employees, manufacturing firms and their bilateral offshoring. Our results support the …
Persistent link: https://www.econbiz.de/10013164108
We provide three new stylized facts that characterize the role of multinationals in the U.S. manufacturing employment decline, using a novel microdata panel from 1993-2011 that augments U.S. Census data with firm ownership information and transaction-level trade. First, over this period, U.S....
Persistent link: https://www.econbiz.de/10012961630
program petition data to micro-data from the U.S. Census Bureau. We exploit this data to assess how offshoring impacts … engage in offshoring, and that this leads to gains in output and (measured) productivity, and potential gains in employment … and wages, in the remaining domestic activities of the offshoring firm. Consistent with these models, we find that …
Persistent link: https://www.econbiz.de/10012905423
We develop a theoretical framework to explain firms' offshoring decisions in the presence of uncertainty. This model … sharp prediction of the prevalence of offshoring in a given industry: The propensity of firms to source intermediate inputs … particularly pronounced in industries with higher volatility. Combining industry-level data on the U.S. offshoring intensity with …
Persistent link: https://www.econbiz.de/10012910629
A key question is why many multinational firms forgo foreign exchange derivative (FX) hedging and instead use operational hedging. We propose an explanation based on illiquidity and the unique advantages of operational hedges. We use 10-K filings to construct dynamically updated text-based...
Persistent link: https://www.econbiz.de/10013006292
selling abroad. Because offshoring requires larger sunk costs than domestic sourcing, some firms decide to offshore only when … between the domestic and the foreign market are greater. In turn, offshoring firms sell greater volumes, display less …
Persistent link: https://www.econbiz.de/10013224075
This paper studies the impact of robot adoption on firms' global sourcing activities. Using a rich panel dataset of Spanish manufacturing firms, we show that robot adopting firms increased their intermediate input purchases from foreign and domestic suppliers between 2006 and 2016. The effects...
Persistent link: https://www.econbiz.de/10012494895