An 'Austrian' Model of Global Value Chains
收藏NBER2023-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w30901
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资源简介：
I develop a stylized model of multi-stage production in which the time length of each stage is endogenously determined. Letting the production process mature for a longer period of time increases labor productivity, but it comes at the cost of higher working capital needs for firms. Under autarky,
提供机构：
美国国家经济研究局
创建时间：
2023-01-01
