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Batra (1992) argues that international trade since 1972 has lowered the living standards of most Americans (whose income results from providing labor services), while benefiting the small group of capital owners. This commentary shows that Batra's arguments are based on incorrect data and that...
Persistent link: https://www.econbiz.de/10005341492
The link between output changes and factor-mix adjustments in general equilibrium is examined for each of nine industries using pooled data from 12 developed countries over the years 1970-85. Specifications of the Stolper-Samuelson theorem and the specific-factors model of production are built...
Persistent link: https://www.econbiz.de/10005321543
Persistent link: https://www.econbiz.de/10005321668