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dc.contributor.authorCostinot, Arnauden_US
dc.contributor.authorVogel, Jonathan E.en_US
dc.contributor.authorWang, Suen_US
dc.date.accessioned2011-05-25en_US
dc.date.accessioned2011-06-29T11:18:52Z-
dc.date.available2011-06-29T11:18:52Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/46425-
dc.description.abstractThis paper develops an elementary theory of global supply chains. We consider a world economy with an arbitrary number of countries, one factor of production, a continuum of intermediate goods, and one final good. Production of the final good is sequential and subject to mistakes. In the unique free trade equilibrium, countries with lower probabilities of making mistakes at all stages specialize in later stages of production. Because of the sequential nature of production, absolute productivity differences are a source of comparative advantage among nations. Using this simple theoretical framework, we offer a first look at how vertical specialization shapes the interdependence of nations.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper: Trade Policy 3402en_US
dc.subject.jelF10en_US
dc.subject.ddc330en_US
dc.subject.stwLieferanten-Kunden-Beziehungen_US
dc.subject.stwGlobalisierungen_US
dc.subject.stwKomparativer Kostenvorteilen_US
dc.subject.stwVertikale Konzentrationen_US
dc.subject.stwInternationale Arbeitsteilungen_US
dc.subject.stwAußenwirtschaftstheorieen_US
dc.subject.stwTheorieen_US
dc.titleAn elementary theory of global supply chainsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn660162334en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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