OFFSHORING AND THE POLARIZATION OF THE DEMAND FOR CAPITAL.

In the past decades, the importance of different capital goods has gradually changed, which has led to a structural shift in the composition of the demand for capital at the expense of more traditional capital inputs such as machinery and equipment. In this paper, we focus on a novel driver of this...

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Publicado en:Economic Inquiry Vol. 58; no. 1; pp. 260 - 283
Autores principales: Bursian, Dirk, Nagengast, Arne J.
Formato: Artículo
Publicado: Wiley-Blackwell Jan2020
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: OFFSHORING AND THE POLARIZATION OF THE DEMAND FOR CAPITAL.
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        au:
          Bursian, Dirk
          Nagengast, Arne J.
        affil: DG Economics, Deutsche Bundesbank, 60431, Frankfurt am Main Germany
      su:
        Supply & demand
        Industrial equipment
        Offshore outsourcing
        Asset management
        Panel analysis
      sug:
        subj:
          Supply & demand
          Industrial Supplies Merchant Wholesalers
          Industrial Machinery and Equipment Merchant Wholesalers
          Industrial machinery, equipment and supplies merchant wholesalers
          Other Activities Related to Real Estate
          Portfolio Management
          Industrial equipment
          Offshore outsourcing
          Asset management
          Panel analysis
      ab: In the past decades, the importance of different capital goods has gradually changed, which has led to a structural shift in the composition of the demand for capital at the expense of more traditional capital inputs such as machinery and equipment. In this paper, we focus on a novel driver of this development by analyzing the effect of offshoring on the demand for capital by asset class using a rich country‐sector panel dataset. Estimating a system of factor demand equations, we document that offshoring reduces the relative demand for non‐ICT capital, thereby polarizing the demand for capital.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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