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The phased elimination of the Multi-Fibre Arrangement has been one of the most compelling trade policy reforms of the early twenty-first century, and has brought in significant changes in the industrial structures of the countries of the global south. The textile and clothing industry is the...
Persistent link: https://www.econbiz.de/10010465456
from the long-run outcome. In cases where the HOS theory predicts a decline in wage inequality in the long run, a temporary … capital-skill complementarity, the observed rise in wage inequality is nonetheless consistent with the HOS theory …
Persistent link: https://www.econbiz.de/10014213879
This paper sets up a general oligopolistic equilibrium model with unionized labor markets. By accounting for productivity differences, the model features profit and wage differentials across industries. We use this setting to study the impact of trade liberalization on employment, welfare, and...
Persistent link: https://www.econbiz.de/10013149008
The aim of this paper is to present a review of the theoretical and empirical literature about the effects of trade liberalization on the labor markets of developing countries. We discuss models which seek to explain the empirical finding that openness has increased the wage inequality in...
Persistent link: https://www.econbiz.de/10014123228
The aim of this paper is to present a review of the theoretical and empirical literature about the effects of trade liberalization on the labor markets of developing countries. We discuss models which seek to explain the empirical finding that openness has increased the wage inequality in...
Persistent link: https://www.econbiz.de/10014124783
Persistent link: https://www.econbiz.de/10009696383
Persistent link: https://www.econbiz.de/10003864657
This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the conditions and policies that help spread the gains from trade more evenly throughout the population. We exploit a large global firm-level dataset to examine the impact of import...
Persistent link: https://www.econbiz.de/10012605685
South Africa has undergone significant trade liberalization since the end of apartheid. Average protection has fallen while openness has increased. However, economic growth has been insufficient to make inroads into the high unemployment levels. Poverty levels have also risen. The country's...
Persistent link: https://www.econbiz.de/10012730143