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- Title
Economic Integration, Process and Product Innovation, and Relative Skill Demand.
- Authors
Braun, Sebastian
- Abstract
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.
- Subjects
UNITED States; INTERNATIONAL economic integration; ECONOMIC competition; INTERNATIONAL trade; INVESTMENTS; INTERNATIONAL economic relations
- Publication
Review of International Economics, 2008, Vol 16, Issue 5, p864
- ISSN
0965-7576
- Publication type
Article
- DOI
10.1111/j.1467-9396.2008.00754.x