Trade, demand spillovers, and industrialization: The emerging global middle class in perspective

Alain Desdoigts, Fernando Jaramillo

Resultado de la investigación: Contribución a RevistaArtículo

6 Citas (Scopus)

Resumen

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.
Idioma originalEnglish (US)
Páginas (desde-hasta)248-258
Número de páginas11
PublicaciónJournal of International Economics
DOI
EstadoPublished - nov 1 2009

Huella dactilar

Middle class
Industry
Spillover
Industrialization
Real income
Complementarity
Trade patterns
Asymmetry
Increasing returns
Labour efficiency
Labor force
Income distribution
Demand model

Citar esto

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Trade, demand spillovers, and industrialization: The emerging global middle class in perspective. / Desdoigts, Alain; Jaramillo, Fernando.

En: Journal of International Economics, 01.11.2009, p. 248-258.

Resultado de la investigación: Contribución a RevistaArtículo

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AB - 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.

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