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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w13144 |
来源ID | Working Paper 13144 |
Outsourcing and Volatility | |
Paul R. Bergin; Robert C. Feenstra; Gordon H. Hanson | |
发表日期 | 2007-06-07 |
出版年 | 2007 |
语种 | 英语 |
摘要 | While outsourcing of production from the U.S. to Mexico has been hailed in Mexico as a valuable engine of growth, recently there have been misgivings regarding its fickleness and volatility. This paper is among the first in the trade literature to study the second moment properties of outsourcing. We begin by documenting a new stylized fact: the maquiladora outsourcing industries in Mexico experience fluctuations in value added that are roughly twice as volatile as the corresponding industries in the U.S. A difference-in-difference method is extended to second moments to verify the statistical significance of this finding. We then develop a stochastic model of outsourcing with heterogeneous firms that can explain this volatility. The model employs two novel mechanisms: an extensive margin in outsourcing which responds endogenously to transmit shocks internationally, and translog preferences which modulate firm entry. |
主题 | International Economics ; Trade ; International Macroeconomics |
URL | https://www.nber.org/papers/w13144 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570813 |
推荐引用方式 GB/T 7714 | Paul R. Bergin,Robert C. Feenstra,Gordon H. Hanson. Outsourcing and Volatility. 2007. |
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 | ||
w13144.pdf(396KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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