| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2788 |
| DP2788 On the Political Complementarity Between Health Care and Social Security | |
| Vincenzo Galasso; Carlos Bethencourt Marrero | |
| 发表日期 | 2001-05-29 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This Paper analyses the effects of reducing trade costs on the location of manufacturing firms that are vertically linked and differ in factor intensities. I extend the new economic geography literature, by embedding a model with vertical linkages within a Heckscher-Ohlin framework. Firms can choose to locate either in a labour-abundant country or a capital-abundant country. I show that lower trade costs on intermediate inputs and final goods can lead to an agglomeration of all upstream and downstream firms in one country, even when they differ in factor intensities. Hence, for some ranges of trade costs, industries may locate in countries where standard trade models would suggest they would not locate. For example labour-intensive industries may locate in capital abundant countries. This also has implications for whether trade liberalization leads in the direction of factor price equalization. If the share of manufacturing is high, trade liberalization (from high to medium) leads to an increase in the return to both factors in the country where manufacturing agglomerates. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Downstream firms Trade liberalization Trade costs Upstream firms Vertical links |
| URL | https://cepr.org/publications/dp2788 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531847 |
| 推荐引用方式 GB/T 7714 | Vincenzo Galasso,Carlos Bethencourt Marrero. DP2788 On the Political Complementarity Between Health Care and Social Security. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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