| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28087 |
| 来源ID | Working 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 |
| URL | https://www.nber.org/papers/w28087 |
| 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/585761 |
| 推荐引用方式 GB/T 7714 | Michael Sposi,Kei-Mu Yi,Jing Zhang. Trade Integration, Global Value Chains, and Capital Accumulation. 2020. |
| 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 | ||
| w28087.pdf（583KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
