BUSINESS SERVICE, INTERNATIONAL OUTSOURCING, AND WAGE INEQUALITY
| Autor: | Chu-Ping Lo |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Commercial policy
Economics and Econometrics Labour economics business.industry media_common.quotation_subject 05 social sciences Foreign direct investment Industrialization of services business model Knowledge process outsourcing Outsourcing New business development 0502 economics and business Unemployment Economics 050207 economics business Tertiary sector of the economy 050205 econometrics media_common |
| Zdroj: | The Singapore Economic Review. 63:1175-1182 |
| ISSN: | 1793-6837 0217-5908 |
| DOI: | 10.1142/s0217590816500132 |
| Popis: | This paper adds business services to Feenstra and Hanson’s [(1996). Foreign investment, outsourcing and relative wages. In Political Economics of Trade Policy: Papers in Honor of Jagdish Bhagwati, pp. 89–127. Cambridge, MA: MIT Press] model to show that if a country is more prosperous in business services, tending to carry out less international outsourcing activities than it would otherwise. In this model, the more varieties of specialized business services a country endows, the more welfare gains arise in the presence of positive production externalities to the manufacturing sector. Since developed countries are more prosperous in business service sector, this model helps to explain why the impact of opening trade on the dispersion of both wages and unemployment is stronger in developing economies. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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