| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5629 |
| DP5629 Exchange Rate Volatility and Productivity Growth: The Role of Financial Development | |
| Kenneth Rogoff; Philippe Bacchetta; Philippe Aghion; Romain Rancière | |
| 发表日期 | 2006-04-11 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | This paper takes a new look at the issue of overseas sourcing of services. In framework in which comparative advantage is endogenous to agglomeration economies and factor mobility, the fragmentation of production made possible by the new communication technologies and low transportation costs allow global firms (multinational corporations or individual firms active in global networks) to simultaneously reap the benefit of agglomeration economies in OECD countries and of low wages prevailing in countries with an ever better educated labour force like India. Thus, the reduction of employment in some routine tasks in rich countries in a general equilibrium helps sustain and reinforces employment in the core competencies in such countries. That is, the loss of some jobs permits to retain the 'core competencies' in the 'core countries'. The welfare implications of this analysis are shown to be not as straightforward as in a neoclassical world. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Outsourcing Wage inequality Communication costs |
| URL | https://cepr.org/publications/dp5629 |
| 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/534475 |
| 推荐引用方式 GB/T 7714 | Kenneth Rogoff,Philippe Bacchetta,Philippe Aghion,et al. DP5629 Exchange Rate Volatility and Productivity Growth: The Role of Financial Development. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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