Do excessive wage increases raise imports? : Theory and evidence
Jim Malley; Thomas Moutos
| Year of publication: |
2001
|
|---|---|
| Authors: | Malley, James R. ; Moutos, Thomas |
| Publisher: |
Munich : Univ., Center for Economic Studies |
| Subject: | Lohnpolitik | Wage policy | Einkommenseffekt | Income effect | Importnachfrage | Import demand | Produktqualität | Product quality | Komparativer Vorteil | Comparative advantage | Theorie | Theory | Japan | 1967-1995 |
| Extent: | 26 S graph. Darst |
|---|---|
| Series: | CESifo working papers : the international platform of Ludwig-Maximilians University's Center for Economic Studies and the Ifo Institute. - Munich : CESifo, ISSN 1617-9595, ZDB-ID 2023380-2. - Vol. 467 |
| Type of publication: | Book / Working Paper |
| Type of publication (narrower categories): | Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature |
| Language: | English |
| Notes: | This paper uses a model of trade in vertically differentiated products to examine the effects of "excessive wage" increases (i.e. above productivity) on the volume of commodity imports. The model predicts that for commodities, in which the country has comparative advantage in high quality varieties, an increase in "excessive wages" may result in a decrease in the volume of imports. The empirical validity of the model's predictions is demonstrated with the use of disaggregated Japanese import data for the period 1967-95. We also find that the aggregate volume of Japanese imports is not responsive to "excessive wage" changes. Literaturverz. S. 25 - 26 Internetausg.: ftp://129.187.96.124/CESifo_WP/467.pdf |
| Source: | ECONIS - Online Catalogue of the ZBW |
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