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trade-induced productivity gains (in this respect, however, India is an exception). These gains mainly stem from intra …. He focuses, in particular, on the effects of the 1991 trade reform in India since it provides an excellent controlled …-industry reallocation of resources among firms with different productivity levels. The gains are larger in import-competing sectors. There …
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Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
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Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10011406885
Recent evidence suggests that despite opening up a country for trade, the productivity gap between developed and … liberalization increases economic performance, that is average productivity and technology adoption, in both countries but that the … productivity gap widens. Simulations show that the welfare gap widens too. Opening up without sufficient access to external funding …
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