G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w28087
来源IDWorking Paper 28087
Trade Integration, Global Value Chains, and Capital Accumulation
Michael Sposi; Kei-Mu Yi; Jing Zhang
发表日期2020-11-16
出版年2020
语种英语
摘要Motivated by increasing trade and fragmentation of production across countries, accompanied by income convergence by many emerging economies, we build a dynamic two-country model featuring sequential, multi-stage production and capital accumulation. As trade costs decline over time, global-value-chain (GVC) trade expands across countries, particularly more in the faster growing country, consistent with the empirical pattern. Via Heckscher-Ohlin forces, GVC trade can generate back-and-forth feedback between comparative advantage and capital accumulation (growth). Moreover, GVC trade increases both steady-state and dynamic gains from trade.
主题Macroeconomics ; Consumption and Investment ; International Economics ; Trade ; International Macroeconomics ; Development and Growth ; Growth and Productivity
URLhttps://www.nber.org/papers/w28087
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/585761
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GB/T 7714
Michael Sposi,Kei-Mu Yi,Jing Zhang. Trade Integration, Global Value Chains, and Capital Accumulation. 2020.
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