全球智库信息集成服务系统(G2TT): The Long Italian Stagnation and the Welfare Effects of Outsourcing

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	The Long Italian Stagnation and the Welfare Effects of Outsourcing
	Jacopo Zotti
发表日期	2015
出处	Economy and Society
出版年	2015
语种	英语
摘要	The stagnation of the Italian economy over the last two decades is widely documented. During this period, the world economy has become highly integrated, and foreign outsourcing has become a standard practice for firms. While trade theory predicts benefits from the internationalization of production, Italy seems to have gained negligibly from it, or, rather to have lost. In a simple model, we show that this may be the case when markets are overregulated and competition policies are weak. We study a small open economy with one oligopolistic and one competitive sector, which outsources part of its production process abroad. Advances in globalization entail lower tariff rates of outsourcing. Contrary to the common wisdom, we show that national welfare is an inverted U-shaped function of tariffs. There exists a tariff threshold, below which the economy loses from globalization because the competitive sector overproduces and the oligopolistic underproduces (the oligopolistic good has a higher marginal effect on welfare). Competition policies that target the competitive sector lower the threshold and allow the economy to benefit from increased openness. *** Suggested citation: Zotti, J., 'The Long Italian Stagnation and the Welfare Effects of Outsourcing', Nota di Lavoro 105.2015, Milan, Italy: Fondazione Eni Enrico Mattei
特色分类	D43;D51;F12;F62;L13
关键词	Italy’s Economic Decline General Equilibrium Cournot Oligopoly Outsourcing
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-long-italian-stagnation-and-the-welfare-effects-of-outsourcing/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/118352
推荐引用方式 GB/T 7714	Jacopo Zotti. The Long Italian Stagnation and the Welfare Effects of Outsourcing. 2015.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
201512181224491Nota_（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
20151218122594NDL201（2093KB）	智库出版物		限制开放	CC BY-NC-SA	浏览