TY - JOUR
T1 - Economic integration, process and product innovation, and relative skill demand
AU - Braun, Sebastian
PY - 2008
Y1 - 2008
N2 - The interaction between economic integration, product and process innovation, and relative skill demand is analyzed in a model of international oligopoly. Lower trading barriers increase the degree of foreign competition. The competing enterprises respond by investing more aggressively in lowering marginal costs of production. Moreover, firms reduce the substitutability of their products through additional investment in product innovation. The paper also shows that the relative demand for skilled workers may increase as a result.
AB - The interaction between economic integration, product and process innovation, and relative skill demand is analyzed in a model of international oligopoly. Lower trading barriers increase the degree of foreign competition. The competing enterprises respond by investing more aggressively in lowering marginal costs of production. Moreover, firms reduce the substitutability of their products through additional investment in product innovation. The paper also shows that the relative demand for skilled workers may increase as a result.
UR - http://www.scopus.com/inward/record.url?scp=55449094745&partnerID=8YFLogxK
U2 - 10.1111/j.1467-9396.2008.00754.x
DO - 10.1111/j.1467-9396.2008.00754.x
M3 - Article
AN - SCOPUS:55449094745
SN - 0965-7576
VL - 16
SP - 864
EP - 873
JO - Review of International Economics
JF - Review of International Economics
IS - 5
ER -
