Eckel, Carsten
(2009):
Endogenous sunk costs, flexible manufacturing and the productivity effects of international trade.
In: Scandinavian Journal of Economics, Bd. 111, Nr. 2: S. 369-386
Volltext auf 'Open Access LMU' nicht verfügbar.
Abstract
The paper addresses the productivity effects of international trade in the presence of flexible manufacturing and endogenous sunk costs (cost-reducing R\&D). It shows that international trade raises R\&D expenditures, but this will not necessarily boost productivity because of possibly counteracting market structure effects. The analysis is conducted in general equilibrium so that implications for real wages and welfare can also be addressed. Both can fall when trade leads to excessive R\&D investment.
Dokumententyp: | Zeitschriftenartikel |
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Fakultät: | Volkswirtschaft
Volkswirtschaft > Lehrstühle > Seminar für Außenwirtschaftstheorie |
Themengebiete: | 300 Sozialwissenschaften > 330 Wirtschaft |
Sprache: | Englisch |
Dokumenten ID: | 20532 |
Datum der Veröffentlichung auf Open Access LMU: | 15. Apr. 2014, 09:00 |
Letzte Änderungen: | 04. Nov. 2020, 13:01 |