Showing 1 - 10 of 11,645
amplifies the risk from idiosyncratic relative productivity shocks but reduces risk from aggregate shocks to absolute advantage …
Persistent link: https://www.econbiz.de/10012464006
leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …
Persistent link: https://www.econbiz.de/10012470002
consequences of changing firm concentration: productivity, distortions, selection into exporting, scale economies, and … firms is attributable to higher productivity growth rather than differential distortions. Exceptional performance of the top …
Persistent link: https://www.econbiz.de/10014635611
Persistent link: https://www.econbiz.de/10001791053
The 1990's dealt a blow to traditional Heckscher-Ohlin analysis of the relationship between trade and income inequality, as it became clear that rising inequality in low- income countries and other features of the data were inconsistent with that model. As a result, economists moved away from...
Persistent link: https://www.econbiz.de/10012462231
We argue that trade in intermediate inputs, or 'global production sharing,' is a potentially important explanation for the increase in the wage gap between skilled and unskilled workers in the U.S. and elsewhere. Using a simple model of heterogeneous activities within an industry, we show that...
Persistent link: https://www.econbiz.de/10012470348
) between-country and within-country inequality. Theory suggests that globalization will have very different implications for … differed greatly across countries: both trade and migration (but not capital flows) made the rich New World more unequal, and … the (less rich) Old World more equal. The evidence on the links between within-country inequality and globalization in the …
Persistent link: https://www.econbiz.de/10012470385
In the public imagination globalization's adverse effects have loomed large, contributing significantly to the backlash against the political mainstream and the rise of far-right populism. The literature on trade and inequality is in fact exceptionally rich, with important theoretical insights...
Persistent link: https://www.econbiz.de/10012696416
Hegemonic powers, like the United States and China, exert influence on other countries by threatening the suspension or alteration of financial and trade relationships. Mechanisms that generate gains from integration, such as external economies of scale and specialization, also increase the...
Persistent link: https://www.econbiz.de/10015171710
theory and history to be consistent for a wide range of underlying productivity shocks … and productivity. A model with monopolistic competition, a continuum-of-goods, and endogenous tradability allows for …
Persistent link: https://www.econbiz.de/10012468124