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A simple model of offshoring, which depicts offshoring as 'shadow migration,' permits parsimonious derivation of necessary and sufficient conditions for the effects on ages, prices, production and trade. We show that offshoring requires modification of the four classic international trade...
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A simple model of offshoring, which depicts offshoring as 'shadow migration,' permits straightforward derivation of necessary and sufficient conditions for the effects on wages, prices, production and trade. We show that offshoring requires modification of the four classic international trade...
Persistent link: https://www.econbiz.de/10012760292
Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade-in-task analogues to the four famous theorems (Heckscher-Ohlin, factor price equalisation, Stolper-Samuelson, and Rybczynski) and showing the standard gains-from-trade theorem does not hold...
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