Ítem
Acceso Abierto
Trade, demand spillovers, and industrialization: The emerging global middle class in perspective
Título de la revista
Autores
Desdoigts, Alain
Jaramillo Mejía, Fernando
Archivos
Fecha
2009
Directores
ISSN de la revista
Título del volumen
Editor
Buscar en:
Métricas alternativas
Resumen
Abstract
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.
Palabras clave
Keywords
Globalization , Income distribution , Industrialization , International trade , Labor market , Modeling , Spillover effect , Nonhomothetic preferences , Spillovers , Trade , World income distribution