Author: Mr.Tito Cordella
Publisher: International Monetary Fund
ISBN: 1451846711
Category : Business & Economics
Languages : en
Pages : 21
Book Description
This paper uses a vertical differentiation duopoly framework to analyze firms’ relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (“globalization”) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is “high-(or low-) quality biased,” the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.
“Globalization” and Relocation in a Vertically Differentiated Industry
Author: Mr.Tito Cordella
Publisher: International Monetary Fund
ISBN: 1451846711
Category : Business & Economics
Languages : en
Pages : 21
Book Description
This paper uses a vertical differentiation duopoly framework to analyze firms’ relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (“globalization”) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is “high-(or low-) quality biased,” the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.
Publisher: International Monetary Fund
ISBN: 1451846711
Category : Business & Economics
Languages : en
Pages : 21
Book Description
This paper uses a vertical differentiation duopoly framework to analyze firms’ relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (“globalization”) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is “high-(or low-) quality biased,” the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.
Globalization and Relocation in a Vertically Differentiated Industry
Author: Tito Cordella
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
Book Description
This paper uses a vertical differentiation duopoly framework to analyze firms` relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (globalization) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is high-(or low-) quality biased, the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
Book Description
This paper uses a vertical differentiation duopoly framework to analyze firms` relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (globalization) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is high-(or low-) quality biased, the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.
Globalization and Relocation in a Vertically Differential Industry
Author: Tito Cordella
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
IMF Staff papers, Volume 45 No. 3
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1451973608
Category : Business & Economics
Languages : en
Pages : 168
Book Description
This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. A comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants is presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries.
Publisher: International Monetary Fund
ISBN: 1451973608
Category : Business & Economics
Languages : en
Pages : 168
Book Description
This paper presents international evidence on the determinants of trade dynamics. It provides some new empirical perspectives on the relationship between international trade and macroeconomic fluctuations in industrial economies. A comprehensive set of stylized facts concerning fluctuations in trade variables and their determinants is presented. A measure of the quantitative importance of international trade for the propagation of domestic business cycles is then constructed, focusing on the role of external trade as a catalyst for cyclical recoveries.
Staff Research Study: Trends in U.S. Inbound and Outbound Direct Investment Study #29
Author:
Publisher: DIANE Publishing
ISBN: 1457818906
Category :
Languages : en
Pages : 174
Book Description
Publisher: DIANE Publishing
ISBN: 1457818906
Category :
Languages : en
Pages : 174
Book Description
Tourism in the Age of Globalisation
Author: Chris Cooper
Publisher: Routledge
ISBN: 1134614012
Category : Business & Economics
Languages : en
Pages : 360
Book Description
This book contributes to the clarification and systemisation of modern notions of tourism, examining the trend of globalisation to provide a review of contemporary tourism challenges.
Publisher: Routledge
ISBN: 1134614012
Category : Business & Economics
Languages : en
Pages : 360
Book Description
This book contributes to the clarification and systemisation of modern notions of tourism, examining the trend of globalisation to provide a review of contemporary tourism challenges.
Financial Globalization and the Emerging Market Economy
Author: Dilip K. Das
Publisher: Routledge
ISBN: 1134333161
Category : Business & Economics
Languages : en
Pages : 374
Book Description
The whirlwind of financial globalization has descended upon emerging market economies and rapid change has brought both benefits and problems upon a dynamic group of nations.This book examines the impact of ever increasing financial globalization on emerging market economies, both in the former communist countries of Eastern Europe and the developi
Publisher: Routledge
ISBN: 1134333161
Category : Business & Economics
Languages : en
Pages : 374
Book Description
The whirlwind of financial globalization has descended upon emerging market economies and rapid change has brought both benefits and problems upon a dynamic group of nations.This book examines the impact of ever increasing financial globalization on emerging market economies, both in the former communist countries of Eastern Europe and the developi
Globalisation and Korean Foreign Investment
Author: John A. Turner
Publisher: Routledge
ISBN: 1351157345
Category : Business & Economics
Languages : en
Pages : 197
Book Description
Addressing a previously ignored area, this text analyses two converging factors: globalisation and Korean foreign direct investment policy. It looks at the emergence of the Korean government's globalisation objectives, and at the response of the chaebol, the business groups that brought about their country's rapid industrialisation. The chapters reveal a complex story with political as well as economic dimensions. They also note the impact of the 1997 crisis, and the growing importance of inward investment. The book, therefore, covers developments in Korean economic policy from the Chun-Roh regime to the Kim Dae-Joong era.
Publisher: Routledge
ISBN: 1351157345
Category : Business & Economics
Languages : en
Pages : 197
Book Description
Addressing a previously ignored area, this text analyses two converging factors: globalisation and Korean foreign direct investment policy. It looks at the emergence of the Korean government's globalisation objectives, and at the response of the chaebol, the business groups that brought about their country's rapid industrialisation. The chapters reveal a complex story with political as well as economic dimensions. They also note the impact of the 1997 crisis, and the growing importance of inward investment. The book, therefore, covers developments in Korean economic policy from the Chun-Roh regime to the Kim Dae-Joong era.
The Economic Dimensions of Globalization
Author: D. Das
Publisher: Springer
ISBN: 1403938679
Category : Business & Economics
Languages : en
Pages : 227
Book Description
Dilip K. Das succintly covers the principal normative and positive strands that one needs to be properly familiar with in the area of economic globalization. The selection and rejection of themes for coverage in the book has been carefully done. The picture of globalization has been painted with a broad brush. The unique feature that distinguishes it from the competition is its succinct coverage of numerous, carefully selected, thematic issues that falls under the rubric of globalization. The book is easy to access for the target readership because of its descriptive analysis style.
Publisher: Springer
ISBN: 1403938679
Category : Business & Economics
Languages : en
Pages : 227
Book Description
Dilip K. Das succintly covers the principal normative and positive strands that one needs to be properly familiar with in the area of economic globalization. The selection and rejection of themes for coverage in the book has been carefully done. The picture of globalization has been painted with a broad brush. The unique feature that distinguishes it from the competition is its succinct coverage of numerous, carefully selected, thematic issues that falls under the rubric of globalization. The book is easy to access for the target readership because of its descriptive analysis style.
Bulletin
Author:
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 264
Book Description
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 264
Book Description