between offshoring and exports. We model a world consisting of many advanced countries that trade differentiated goods among …

-level studies showing that off-shoring is associated with a higher share of corporate profit in total value added. But these … “dynamic” gains from off-shoring have not been realized, because firms have purchased financial assets – especially share …

Services offshoring is on the rise. Due to recent innovations in communication technologies, many services that used to … over the past decades, indicating under-exploitation of the potential for services offshoring. To understand this … establishes that the level of services offshoring is lower in industries with greater offshoring potentials, as captured by their …