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Industry reallocations in a globalizing economy

Kristian Behrens (), Gianmarco Ottaviano () and Giordano Mion ()

No 2007012, CORE Discussion Papers from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: We distill the main insights from recent trade models on firms responses to globalisation. Our primary aim is to assess the economic impact and the welfare implications of the resulting reallocation of resources across firms and countries. In sodoing, we bring theory into life through the numerical implementation of a theoretical framework calibrated on European data, which encompasses aspects of economic geography, firm heterogeneity, and firms organizational choices. Our final purpose isto provide a comprehensive background for empirical investigations and to stimulate further theoretical research.

Keywords: international integration; resource reallocation; economic geography; firm heterogeneity; multinationals (search for similar items in EconPapers)
JEL-codes: F12 (search for similar items in EconPapers)
Date: 2007-02-01
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Journal Article: Industry reallocations in a globalizing economy (2008) Downloads
Working Paper: Industry Reallocations in a Globalizing Economy (2007) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2007012

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