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these stages. This paper looks at both cost minimising and equilibrium offshoring under different technological … wide range of production stages. There can be overshooting (off-shoring that is reversed as costs fall further) and … equilibrium may involve less off-shoring than is efficient"--National Bureau of Economic Research web site …
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This paper contributes to the literature on the impact of EMU on trade, adding two new elements. First, we propose a theoretical model for explaining how the euro could have increased trade by the large amounts found in the empirical literature. Second, we propose a sectoral dataset to test the...
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