Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19522 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorMarkusen, James R.en
dc.contributor.authorRutherford, Thomas F.en
dc.date.accessioned2009-01-28T15:59:09Z-
dc.date.available2009-01-28T15:59:09Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.en
dc.relation.ispartofseries|aDiscussion Paper Series 1 |x2005,14en
dc.subject.jelF13en
dc.subject.jelF23en
dc.subject.ddc330en
dc.subject.keywordlearningen
dc.subject.keywordtransmission mechanismen
dc.subject.keywordmultinationalsen
dc.subject.keywordimporteden
dc.subject.stwWissenstransferen
dc.subject.stwQualifikationen
dc.subject.stwAussenwirtschaften
dc.subject.stwFacharbeiteren
dc.titleLearning on the quick and cheap: gains from trade through imported expertise-
dc.typeWorking Paperen
dc.identifier.ppn487740432en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bubdp1:3373en

Files in This Item:
File
Size
620.71 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.