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We show that in a fully integrated economy, in which there is free mobility of goods and factors, each member’s share of total output will equal its shares of total stocks of productive factors (i.e., physical and human capital). We label this result the equal-share relationship. This...
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effect ambiguous. This paper investigates the employment effects of service offshoring in a newly combined and exceptionally … service offshoring has increased firm employment. In line with the canonical trade in tasks model, the employment gains are …Major technological advances have recently spurred a new wave of offshoring in services, which used to be non …
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