Y2K and Offshoring: The Role of External Economies and Firm Heterogeneity
Abstract
We construct a model of offshoring with externalities and firm heterogeneity. Due to the presence of externalities, temporary shocks like the Y2K problem can have permanent effects, i.e., they can permanently raise the extent of offshoring in an industry. Also, the initial advantage of a country as a potential host for outsourcing activities can create a lock in effect, whereby late movers have a comparative disadvantage. Furthermore, the existence of firm heterogeneity along with externalities can help explain the dynamic process of offshoring, where the most productive firms offshore first and the others follow later. Finally, we show the possibility of complementarity between two modes of offshoring: FDI and offshore outsourcing.Download Info
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 11718.Length:
Date of creation: Oct 2005
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Handle: RePEc:nbr:nberwo:11718
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Keywords:Other versions of this item:
- Devashish Mitra & Priya Ranjan, 2005. "Y2K and Offshoring: The Role of External Economies and Firm Heterogeneity," Working Papers 050605, University of California-Irvine, Department of Economics.
- F1 - International Economics - - Trade
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-05 (All new papers)
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Mitra, Devashish & Ranjan, Priya, 2007.
"Temporary Shocks and Offshoring: The Role of External Economies and Firm Heterogeneity,"
IZA Discussion Papers
2811, Institute for the Study of Labor (IZA).
- Mitra, Devashish & Ranjan, Priya, 2008. "Temporary shocks and offshoring: The role of external economies and firm heterogeneity," Journal of Development Economics, Elsevier, vol. 87(1), pages 76-84, August.
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