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Rethinking the foundations of Heckscher-Ohlin theory when countries have different technologies, this paper shows how to make the proper adjustments for international productivity differences. The central tool is a factor conversion matrix that computes the local factor content of foreign...
Persistent link: https://www.econbiz.de/10003983245
of labor market institutions and government intervention. In particular, technology change is induced by rigid wage …
Persistent link: https://www.econbiz.de/10001573343
Recent trade negotiations, both at the regional and multilateral level, have seen a resurgence of the issue of trade and labour standards. As the world economy becomes increasingly globalised and the volume of world trade flows keeps increasing between the North and the South, it is very likely...
Persistent link: https://www.econbiz.de/10001725375
Recent trade negotiations, both at the regional and multilateral level, have seen a resurgence of the issue of trade and labour standards. As the world economy becomes increasingly globalised and the volume of world trade flows keeps increasing between the North and the South, it is very likely...
Persistent link: https://www.econbiz.de/10011514094
of labor market institutions and government intervention. In particular, technology change is induced by rigid wage …
Persistent link: https://www.econbiz.de/10011339677
causes of the change in structure. This paper seeks to fill the gap by studying the impact of domestic technology, foreign … technology, and trade on U.S. wages. A standard model of general equilibrium is presented that shows each effect tends to be … technology has the same rather than opposite effect on wages at both skill levels; (ii), a rise in the foreign share in world …
Persistent link: https://www.econbiz.de/10014076739
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