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International Trade and Human Capital Investment with Heterogeneous Firms and Workers: Modeling and Analysis
Mathematics ( IF 2.4 ) Pub Date : 2021-05-13 , DOI: 10.3390/math9101106
Jaewon Jung

Though the importance of organizational behavior and human decision processes within firms for the firm performance has largely been recognized in the business and management literature, much less attention has been devoted to studying such implications in the international trade context. This paper develops a general-equilibrium trade model in which heterogeneous workers make an investment decision in acquiring advanced managerial skills and choose their optimal effort level based on their comparative advantage. In doing so, we show how globalization-induced human capital accumulation within firms leads to sustainable economic growth. We also show that workers’ organizational belief and CEO’s managerial vision may be an important element for the human capital formation within firms and for the performance of firms in a global economy.

中文翻译:

与异类企业和工人的国际贸易和人力资本投资:建模与分析

尽管在企业和管理文献中已经充分认识到企业内部的组织行为和人为决策过程对企业绩效的重要性,但在国际贸易中研究这种影响的关注却很少。本文建立了一种一般均衡贸易模型,其中,异类工人在获得高级管理技能时做出投资决定,并根据他们的比较优势来选择最佳努力水平。通过这样做,我们展示了全球化导致的企业内部人力资本积累如何导致可持续的经济增长。我们还表明,工人的组织信念和首席执行官的管理远见可能是公司内部人力资本形成以及全球经济中公司绩效的重要因素。
更新日期:2021-05-13
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