Trade, demand spillovers, and industrialization: The emerging global middle class in perspective
In this paper, we investigate international demand spillovers brought about by a global middle class and their impact on trade patterns and industrialization. We propose a multi-industry and two-country trade model featuring demand complementarities propagating increasing returns across industries a...
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Acceso en línea: | https://repository.urosario.edu.co/handle/10336/22384 https://doi.org/10.1016/j.jinteco.2009.07.008 |
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ir-10336-223842022-05-02T12:37:19Z Trade, demand spillovers, and industrialization: The emerging global middle class in perspective Desdoigts, Alain Jaramillo, Fernando Globalization Income distribution Industrialization International trade Labor market Modeling Spillover effect Nonhomothetic preferences Spillovers Trade World income distribution In this paper, we investigate international demand spillovers brought about by a global middle class and their impact on trade patterns and industrialization. We propose a multi-industry and two-country trade model featuring demand complementarities propagating increasing returns across industries and national boundaries. We show how the international extent of demand spillovers depends upon asymmetries in domestic income distribution, labor efficiency, and labor force size; that is, on the global distribution of real income. © 2009 Elsevier B.V. All rights reserved. 2009 2020-05-25T23:56:17Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion 221996 https://repository.urosario.edu.co/handle/10336/22384 https://doi.org/10.1016/j.jinteco.2009.07.008 eng info:eu-repo/semantics/openAccess application/pdf instname:Universidad del Rosario |
institution |
EdocUR - Universidad del Rosario |
collection |
DSpace |
language |
Inglés (English) |
topic |
Globalization Income distribution Industrialization International trade Labor market Modeling Spillover effect Nonhomothetic preferences Spillovers Trade World income distribution |
spellingShingle |
Globalization Income distribution Industrialization International trade Labor market Modeling Spillover effect Nonhomothetic preferences Spillovers Trade World income distribution Desdoigts, Alain Jaramillo, Fernando Trade, demand spillovers, and industrialization: The emerging global middle class in perspective |
description |
In this paper, we investigate international demand spillovers brought about by a global middle class and their impact on trade patterns and industrialization. We propose a multi-industry and two-country trade model featuring demand complementarities propagating increasing returns across industries and national boundaries. We show how the international extent of demand spillovers depends upon asymmetries in domestic income distribution, labor efficiency, and labor force size; that is, on the global distribution of real income. © 2009 Elsevier B.V. All rights reserved. |
format |
Artículo (Article) |
author |
Desdoigts, Alain Jaramillo, Fernando |
author_facet |
Desdoigts, Alain Jaramillo, Fernando |
author_sort |
Desdoigts, Alain |
title |
Trade, demand spillovers, and industrialization: The emerging global middle class in perspective |
title_short |
Trade, demand spillovers, and industrialization: The emerging global middle class in perspective |
title_full |
Trade, demand spillovers, and industrialization: The emerging global middle class in perspective |
title_fullStr |
Trade, demand spillovers, and industrialization: The emerging global middle class in perspective |
title_full_unstemmed |
Trade, demand spillovers, and industrialization: The emerging global middle class in perspective |
title_sort |
trade, demand spillovers, and industrialization: the emerging global middle class in perspective |
publishDate |
2009 |
url |
https://repository.urosario.edu.co/handle/10336/22384 https://doi.org/10.1016/j.jinteco.2009.07.008 |
_version_ |
1740172913644929024 |
score |
12,131701 |