Innovation and Production in the Global Economy

• 成果类型: Article
• 署名作者: Arkolakis, Costas; Ramondo, Natalia; Rodriguez-Clare, Andres; Yeaple, Stephen
• 署名单位: Yale University; National Bureau of Economic Research; University of California System; University of California San Diego; University of California System; University of California Berkeley; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20141743
• 发表日期: 2018
• 页码: 2128-2173
• 关键词: Multinational production; INTERNATIONAL-TRADE; UNITED-STATES; gains; TECHNOLOGY; IMPACT; differentiation; intraindustry; margins; gravity

摘要

We develop a quantifiable general equilibrium model of trade and multinational production (MP) in which countries can specialize in innovation or production. Home market effects or comparative advantage leads some countries to specialize in innovation and relegate manufacturing operations to other countries via outward MP. Counterfactual analysis reveals that the reduction in the cost of MP or the integration of China into the world economy may hurt countries that are driven to specialize in production, although these losses tend to be very small. Contrary to popular fears, production workers gain even in countries that further specialize in innovation.