Firm behaviour in international markets
Başlık çevirisi mevcut değil.
- Tez No: 400071
- Danışmanlar: PROF. PETER NEARY
- Tez Türü: Doktora
- Konular: Ekonomi, Economics
- Anahtar Kelimeler: Belirtilmemiş.
- Yıl: 2012
- Dil: İngilizce
- Üniversite: University of Oxford
- Enstitü: Yurtdışı Enstitü
- Ana Bilim Dalı: Belirtilmemiş.
- Bilim Dalı: Belirtilmemiş.
- Sayfa Sayısı: 152
Özet
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Özet (Çeviri)
This thesis consists of three essays on .rm behaviour in international markets. Abstractscan be found at the beginning of their respective chapters. The .rst chapter, titled“Trading Tasks and Quality”, presents a tractable trade model that combines verticalproduct di¤erentiation at the .rm-level with international fragmentation of production toexplain some recently unearthed stylised facts about exporters in developing countries. Inline with the recent empirical evidence, it suggests that there is a close link between exportsand imports at the .rm-level, and it is quality that establishes the link between the two.The second and third chapters revisit the debate on globalisation and wage inequality. Thesecond chapter, titled“The Trade and Wages Debate Revisited: A new explanation for anold mystery”, develops a general equilibrium model where trade liberalisation between twoidentical countries increases wage inequality in favour of white-collar workers. It showsthat country characteristics, such as the relative endowment of white-collar workers andthe degree of competition, matter for the equilibrium level of wage inequality after tradeliberalisation. The endowment of white-collar labour also a¤ects the level of openness; anincrease in the worldwide supply of white-collar labour expands the range of traded goodsand increases the volume of trade in already-traded goods. Furthermore, it improvesglobal welfare. The third chapter, titled“Cross-border Mergers and Wage Inequality”,focuses on another aspect of globalisation and its e¤ect on wage inequality. It suggestsa two-way relationship between cross-border mergers and wage inequality: on the onehand, wage inequality in favour of white-collar workers increases the pro.tability of cross-border mergers; on the other hand, at any level of openness, wage inequality is lower inthe presence of cross-border mergers than in their absence. Therefore, participation ofa country in global business raises wage inequality, but its level is lower under trade andinvestment integration compared to trade integration only.
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