期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2009
卷号：1
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：This paper investigates the impacts of progressive trade openness, technological externalities,
and heterogeneity of individuals on the formation of entrepreneurship in a two-country
occupation choice model. We show that trade opening gives rise to a non-monotonic process
of international specialization, in which the share of entrepreneurial firms in the large (small)
country first increases (decreases) and then decreases (increases), with the global economy
exhibiting first de-industrialization and then re-industrialization. When countries have the
same size, we also show that strong technological externalities make the symmetric
equilibrium unstable, generating equilibrium multiplicity, while sufficient heterogeneity of
individuals leads to the stability and uniqueness of the symmetric equilibrium.
