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http://hdl.handle.net/10419/19522
  

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dc.contributor.authorMarkusen, James R.en_US
dc.contributor.authorRutherford, Thomas F.en_US
dc.date.accessioned2009-01-28T15:59:09Z-
dc.date.available2009-01-28T15:59:09Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/19522-
dc.description.abstractGains from productivity and knowledge transmission arising from the presence of foreign firms has received a good deal of empirical attention, but micro-foundations for this mechanism are weak . Here we focus on production by foreign experts who may train domestic unskilled workers who work with them. Gains from training can in turn be decomposed into two types: (a) obtaining knowledge and skills at a lower cost than if they are self-taught at home, (b) producing domestic skilled workers earlier in time than if they the domestic economy had to rediscover the relevant knowledge through "reinventing the wheel". We develop a three-period model in which the economy initially has no skilled workers. Workers can withdraw from the labor force for two periods of self study and then produce as skilled workers in the third period. Alternatively, foreign experts can be hired in period 1 and domestic unskilled labor working with the experts become skilled in the second period. We analyze how production, training, and welfare depend on two important parameters: the cost of foreign experts and the learning (or "absorptive") capacity of the domestic economy.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2005,14en_US
dc.subject.jelF13en_US
dc.subject.jelF23en_US
dc.subject.ddc330en_US
dc.subject.keywordlearningen_US
dc.subject.keywordtransmission mechanismen_US
dc.subject.keywordmultinationalsen_US
dc.subject.keywordimporteden_US
dc.subject.stwWissenstransferen_US
dc.subject.stwQualifikationen_US
dc.subject.stwAussenwirtschaften_US
dc.subject.stwFacharbeiteren_US
dc.titleLearning on the quick and cheap: gains from trade through imported expertiseen_US
dc.typeWorking Paperen_US
dc.identifier.ppn487740432en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:3373-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

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