Innovation and Production in the Global Economy
构建了一个可量化的贸易与跨国生产一般均衡模型，分析国家在创新与生产上的专业化分工，发现降低跨国生产成本或中国融入世界经济可能伤害生产专业化国家，但损失很小，且生产工人反而受益。
We develop a quantifiable general equilibrium model of trade and multinational production (MP) in which countries can specialize in innovation or production. Home market effects or comparative advantage leads some countries to specialize in innovation and relegate manufacturing operations to other countries via outward MP. Counterfactual analysis reveals that the reduction in the cost of MP or the integration of China into the world economy may hurt countries that are driven to specialize in production, although these losses tend to be very small. Contrary to popular fears, production workers gain even in countries that further specialize in innovation.