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  1. Smoothing the adjustment to trade liberalization
    Author: Lechthaler, Wolfgang; Mileva, Mariya
    Published: 2014
    Publisher:  WWWforEurope, Vienna

    We use a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to analyze economic policy to compensate the losers of trade liberalization and to reduce the ensuing... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 528 (61)
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    We use a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to analyze economic policy to compensate the losers of trade liberalization and to reduce the ensuing wage inequality. We consider several instruments of economic policy: a wage tax to redistribute income between skilled and unskilled workers; sector-specific consumption taxes and profit taxes to affect inter-sectoral wage inequality; sector-specific firm entry subsidies, worker sector-migration subsidies and training subsidies to speed up the adjustment process. We find that the re-distributional and efficiency effects of these instruments differ very much. Probably the most potent tool to reduce the wage inequality after trade liberalization are training subsidies. Although the policy also generates inefficiencies because too many workers are trained, the costs of these inefficiencies are relatively low.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/125716
    Series: Working paper / WWWforEurope WelfareWealthWork ; 61
    Subjects: Trade liberalization; wage inequality; adjustment dynamics; re-distribution
    Scope: Online-Ressource ([1], 48 S.), graph. Darst.
  2. Trade liberalization, intermediate inputs and firm efficiency
    direct versus indirect modes of import
    Author: Imbruno, Michele
    Published: 2014
    Publisher:  Nottingham Centre for Research on Globalisation and Economic Policy, University of Nottingham, Nottingham

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Research paper / Nottingham Centre for Research on Globalisation and Economic Policy ; 2014/02 : Globalisation, productivity and technology
    Subjects: Heterogeneous firms; Trade liberalization; Intermediate inputs; Productivity; Import-Export behaviour
    Scope: Online-Ressource (58 S.), graph. Darst.
  3. From the loser to the winner
    how trade liberalization can lead to leapfrogging between countries ; conference paper
    Author: Rutzer, Christian
    Published: 2014
    Publisher:  ZBW, [Kiel

    How shifts in the economic leadership between countries can occur has been widely debated not only since the recent catch up of China in several sectors. However, there is no adequate theoretical model analyzing this question in the light of trade... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DSM 13
    Inter-library loan:
    No inter-library loan

     

    How shifts in the economic leadership between countries can occur has been widely debated not only since the recent catch up of China in several sectors. However, there is no adequate theoretical model analyzing this question in the light of trade liberalization. This paper is the first one to address productivity leapfrogging between two countries using a heterogeneous firms trade framework. In the model, firms' R&D investments determine their expected productivity draw. In one country firms face lower R&D costs. Before trade liberalization, the sector productivity and the competition intensity is higher in this country. However, when trade liberalization occurs, fiercer competition can more than offset the investment advantage. Hence, firms from the disadvantaged country may invest relatively more in R&D than firms from the advantaged country. Consequently, the laggard country can become the leader in terms of sector productivity after trade liberalization. The results of the model highlight open markets in combination with innovations by firms as the necessary requirement for leapfrogging between two countries.

     
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    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/100313
    Series: Array ; V2
    Subjects: Heterogeneous Firms; Leapfrogging; R&D investments; Trade liberalization
    Scope: Online-Ressource (48 S.), graph. Darst.