Outsourcing in a Global Economy
Copyright policy )Outsourcing in a Global Economy
Summary: We study the determinants of the location of subcontracted activity in a general equilibrium model of outsourcing and trade. We model outsourcing as an activity that requires search for a partner and relationship-specific investments that are governed by incomplete contracts. The extent of international outsourcing depends inter alia on the thickness of the domestic and foreign market for input suppliers, the relative cost of searching in each market, the relative cost of customizing inputs and the nature of the contracting environment in each country.
- Harvard University United States
- Tel Aviv University Israel
- College of New Jersey United States
- Economic Policy Institute United States
- National Bureau of Economic Research United States
imperfect contracting; intra-industry trade; outsourcing; trade in intermediate goods, 330, Microeconomic theory (price theory and economic markets), imperfect contracting, outsourcing, intra-industry trade, General equilibrium theory, jel: jel:D23, jel: jel:F12, jel: jel:L22, jel: jel:L14
imperfect contracting; intra-industry trade; outsourcing; trade in intermediate goods, 330, Microeconomic theory (price theory and economic markets), imperfect contracting, outsourcing, intra-industry trade, General equilibrium theory, jel: jel:D23, jel: jel:F12, jel: jel:L22, jel: jel:L14
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