The Robot Revolution Reduces Offshoring:A Theoretical and Empirical Analysis
The robot revolution has led to the substitution of machines for humans,making labor less important,which may have a profound impact on the global division of labor and exchange patterns deter-mined by labor costs.Based on the above considerations,we examine the impact of the robot revolution on offshoring from both theoretical and empirical perspectives.We construct a two-sector open country model that includes automation and outsourcing,and find that given other factors unchanged,the robot revolu-tion will reduce the offshoring in all sectors.What's more,the higher the labour density,the more the off-shoring decreases.
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