Trade, demand spillovers, and industrialization: The emerging global middle class in perspective

• 成果类型: Article
• 署名作者: Desdoigts, Alain; Jaramillo, Fernando
• 署名单位: heSam Universite; Universite Pantheon-Sorbonne; Universidad del Rosario
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2009.07.008
• 发表日期: 2009
• 页码: 248-258
• 关键词: trade; spillovers; Nonhomothetic preferences; World income distribution

摘要

In this paper, we investigate international demand spillovers brought about by a global middle class and their impact on trade patterns and industrialization. We propose a multi-industry and two-country trade model featuring demand complementarities propagating increasing returns across industries and national boundaries. We show how the international extent of demand spillovers depends upon asymmetries in domestic income distribution, labor efficiency, and labor force size; that is, on the global distribution of real income. (C) 2009 Elsevier B.V. All rights reserved.