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This study proposes a simple theory of trade with endogenous firm productivity, occupational choice, and income inequality. Individuals with different managerial talent choose to become self-employed entrepreneurs or workers. Entrepreneurs enhance firm productivity by investing in managerial...
Persistent link: https://www.econbiz.de/10011206989
We propose a simple theory of personal income distribution, equilibrium unemployment, and interindustry trade, in which product markets are perfectly competitive and labor markets exhibit search related frictions. Individuals, based on their managerial talent, choose to become self-employed...
Persistent link: https://www.econbiz.de/10010861748
This paper develops a trade model with firm-specific quality heterogeneity in markets where firms face the threat of imitation and engage in limit-pricing strategies. Firms producing high-quality (high-price) products export, whereas firms producing lower-quality (lower-price) products serve the...
Persistent link: https://www.econbiz.de/10010594905
This paper develops a fully endogenous, variety-expansion growth model with firm-specific quality heterogeneity, limit pricing, and an endogenous distribution of markups. Firms with high-quality products engage in exporting, firms with intermediate-quality products serve the domestic market, and...
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This paper investigates the significance of Research and Development (R&D) spillovers through intra- and international trade in intermediate goods for productivity growth in a panel of OECD industries during 1973-1994. In the model, four different sources of R&D are identified: R&D conducted in...
Persistent link: https://www.econbiz.de/10005505263
Do immigrants have better labor-market outcomes under Democratic governors? By exploiting variations associated with close elections in a regression discontinuity (RD) design applied on gubernatorial elections in 50 states over the last two decades, we find that immigrants are more likely to be...
Persistent link: https://www.econbiz.de/10011167363