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Quantitative methods (economics)

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This paper uses a vertical differentiation duopoly framework to analyze firms’ relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (“globalization”) allows them to serve the domestic market through foreign plants in low-wage countries. The relocation of the entire industry yields net welfare costs, but the relocation of one (and only one) firm, may be welfare improving. When the economy is “high-(or low-) quality biased,” the relocation of the firm producing the high- (or low-) quality variant is preferred, on welfare terms, to that of other firms, if the wage differential is large enough.

Exports and Imports --- Labor --- Globalization --- International Economic Order and Integration --- Models of Trade with Imperfect Competition and Scale Economies --- Multinational Firms --- International Business --- Mobility, Unemployment, and Vacancies: General --- Oligopoly and Other Imperfect Markets --- Wages, Compensation, and Labor Costs: General --- Trade Policy --- International Trade Organizations --- Globalization: General --- Unemployment: Models, Duration, Incidence, and Job Search --- Labour --- income economics --- International economics --- Wages --- Labor costs --- Trade liberalization --- Unemployment --- International trade --- Commercial policy --- United Kingdom --- Income economics

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Zonder onderwerpscode

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Zonder onderwerpscode: economie

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Economics