The distributional effects of international outsourcing in a 2×2 production model
نویسندگان
چکیده
منابع مشابه
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15 صفحه اولMacroeconomic Effects of International Outsourcing
I present a two-country dynamic general equilibrium model of international outsourcing, consistent with the empirical observation that capital and unskilled labor are substitutes. The model predicts lower global savings and investment rates, lower real interest rates, and a change in the composition of U.S. foreign assets. The U.S. current account improves as a result of outsourcing. Nearly all...
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ژورنال
عنوان ژورنال: The North American Journal of Economics and Finance
سال: 2003
ISSN: 1062-9408
DOI: 10.1016/s1062-9408(03)00023-8