Trade costs, international production shifting, and growth
Trade costs, international production shifting, and growth
复制标题
贸易成本、国际生产转移和增长
DOI:
10.1016/j.euroecorev.2006.01.004
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发表时间:
2007
影响因子:
2.8
通讯作者:
T. Gao
中科院分区:
文献类型:
--
作者:
T. Gao
In this paper I present a North–South endogenous growth model in which the impact of globalization on production location and growth can be analyzed. In the model the skilled-labor abundant North is the only innovator in the world. Using the model, I illustrate a scenario that is particularly interesting. Globalization (a reduction in trade costs) leads to a relocation of production to the South in a differentiated-product sector. As a result, more resources are shifted to R&D in the North, and the growth rate in the world increases. The model has several empirically consistent implications, such as rising relative wages of skilled to unskilled labor under globalization in both the North and South. I also discuss the welfare impact of globalization in this model.