Trade Integration, Global Value Chains, and Capital Accumulation
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https://www.nber.org/papers/w28087
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Motivated by increasing trade and fragmentation of production across countries, accompanied by income convergence by many emerging economies, we build a dynamic two-country model featuring sequential, multi-stage production and capital accumulation. As trade costs decline over time, global-value
提供机构:
美国国家经济研究局
创建时间:
2020-11-01



