Resource title

Trade liberalisation, process and product innovation, and relative skill demand

Resource image

image for OpenScout resource :: Trade liberalisation, process and product innovation, and relative skill demand

Resource description

The interaction between trade liberalisation, product and process innovation, and relative skill demand is analysed in a model of international oligopoly. Lower trading barriers increase the degree of foreign competition. The competing enterprises respond by investing more aggres- sively 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.

Resource author

Sebastian Braun

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25173

Resource license

Adapt according to the presented license agreement and reference the original author.