A Schumpeterian Model of Protection and Relative Wages

1. Person: Dinopoulos, Elias
Weitere Personen: Segerstrom, Paul
Format: Online-Artikel
Sprache: English
Veröffentlicht: The Research Institute of Industrial Economics (IUI) 1996
Serien: IUI Working Paper
Schlagworte: Außenwirtschaftstheorie
Lohn
Humankapital
Innovation
Technischer Fortschritt
Handelsliberalisierung
Theorie
Wages
Human capital
Innovation
Technological change
Trade liberalization
Theory
Online Zugang: https://www.econstor.eu/bitstream/10419/94749/1/wp471.pdf
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Details: This paper presents a dynamic general equilibrium model of trade between two advanced countries in which both innovation and skilled acquisition rates are endogenously determined. The model offers a North-North (as opposed to a North-South) trade explanation for increasing relative wage inequality. A global reduction in trade barriers increases R&D investment and accelerates the pace of technological progress. It also reduces the relative wage of unskilled workers and results in skill upgrading, if and only if R&D is the skill-intensive activity relative to manufacturing of final products. Trade liberalization does not affect domestic relative prices in either of the two countries.

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