Fragmentation in Production, Vertical Integration and Wage Inequality: A Theoretical Note
نویسندگان
چکیده
منابع مشابه
Fragmentation in Production, Vertical Integration and Wage Inequality: A Theoretical Note
Developing a three-sector and four-factor general equilibrium model, this paper offers an explanation of wage inequality in a vertically fragmented production structure typical of off-shore outsourcing to developing countries like China or India. The model characterizes a typical developing economy where intermediate good is produced using capital and local low-skilled worker, traditional secto...
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We use two very large datasets to obtain some of the first systematic micro evidence on how production in vertically integrated firms differs from that of unlinked producers in the same industries. The Economic Census lets us observe virtually every establishment in the private economy, and crucially, the organizational structures of the firms that own them. The Commodity Flow Survey microdata ...
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Empirical analysis [see, e.g., McDonald (1985)] suggests that partial vertical integration is a widespread phenomenon. However, there are hardly any theoretical explanations for this composition of industries. Both Arrow (1975) and Green (1986) explicitly allow for partial integration to occur. The former author takes the need for information to be the driving force behind vertical integration,...
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ژورنال
عنوان ژورنال: Modern Economy
سال: 2012
ISSN: 2152-7245,2152-7261
DOI: 10.4236/me.2012.38121