Asymmetry of Processing Trade in China : Theory and Empirics
This paper studies decision of whether outsourcing or localization in China. Both strategies can enjoy low wage advantage. But outsourcing induces processing trade, while localization, which has additional localization cost can turn processing trade of some goods to ordinary trade. The asymmetric ef...
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| Main Author: | |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2006
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/etd_coll/6 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1005&context=etd_coll |
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| Institution: | Singapore Management University |
| Language: | English |