China has witnessed rapid increases in the skill premium over the last few decades. In this paper, we study the short-run effect of capital goods imports on skill premium in China. The surge in capital goods imports, which embody advanced technology, can explain the rising demand for skills in...

Offshoring in the Global Economy Microeconomic Structure and Macroeconomic Implications Robert C. Feenstra The MIT Press Cambridge, Massachusetts London, England Contents Preface vii Lecture 1: Microeconomic Structure 1 Lecture 2: Macroeconomic Implications 59 Conclusions...