Showing 1 - 10 of 642,869
The purpose of the paper is to outline an analytical framework which captures the ample scope of locational competition: cost differences, resulting from differences in factor prices including taxes, human capital, infrastructure services and total factor productivity. If cost differences are...
Persistent link: https://www.econbiz.de/10014128088
I develop a generalized factor price frontier which incorporates endogenous adjustment of international fragmentation in multistage production, allowing for a continuum of stages. This allows us to address fragmentation, not only as an exogenous event, but also as an integral part of endogenous...
Persistent link: https://www.econbiz.de/10009749606
A distinctive feature of the present wave of economic globalization is that the principle of world-wide arbitrage is increasingly applied to individual components of value added chains, rather than final goods. The result is a phenomenon called outsourcing, or international fragmentation....
Persistent link: https://www.econbiz.de/10009750859
This paper examines the validity of the factor price equalisation theorem (FPET) in relation to capital theory … that marginal productivity theory does not hold when capital is assumed to be as a bundle of reproducible commodities … is no reversal of capital intensity. This paper also demonstrates that the recent studies on the dynamic HOS trade theory …
Persistent link: https://www.econbiz.de/10011522208
In this paper, first we introduce a dual definition of the Factor Content of Trade (FCT) using the concept of the equivalent autarky equilibrium. A FCT vector is calculated by estimating a symmetric normalized quadratic revenue function for the US manufacturing sector for the period 1965 to...
Persistent link: https://www.econbiz.de/10014212509
This paper examines the multi-cone specification of the factor proportion theory of international trade. I show that …
Persistent link: https://www.econbiz.de/10014052381
This paper investigates Samuelson's (JEP, 2004) argument that technical progress of the trade partner may hurt the home country. We illustrate this prospect in a simple Ricardian model for sitations with outward knowledge spillovers. Within this framework Samuelson's "Act II" effects may occur....
Persistent link: https://www.econbiz.de/10003758086
Based on the conceptual results of Findlay, Grubert (1959) and Krugman (2000) we analyze the movement of the relative price of skill-intensive goods under skill-biased technological change and the countervailing effect of increasing world-wide supply of low-skilled-labor. While the labor supply...
Persistent link: https://www.econbiz.de/10003471041
How valuable are long-term supplier relationships? To address this question, this paper explores relationships between U.S. importers and their suppliers abroad. We first establish several facts: almost half of U.S. imports are in relationships three years or older, relationship survival and...
Persistent link: https://www.econbiz.de/10011417707
-proportions trade theory, Heckscher-Ohlin forces operate at the within-industry level, leading to endogenous variation in skill …
Persistent link: https://www.econbiz.de/10011346866