Trade Policies and Equilibrium Unemployment.
In this paper we develop a simple general equilibrium model of trade to analyze the impact of tariffs and technical progress on the equilibrium rate of unemployment. We demonstrate that if a country imposes a tariff its equilibrium rate of unemployment is likely to rise, whereas the impact of technology on equilibrium unemployment depends on the labor intensity of the two sectors. Copyright 1999 by Blackwell Publishers Ltd and The Victoria University of Manchester
Year of publication: |
1999
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Authors: | Batra, Ravi ; Beladi, Hamid |
Published in: |
Manchester School. - School of Economics, ISSN 1463-6786. - Vol. 67.1999, 4, p. 545-56
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Publisher: |
School of Economics |
Saved in:
freely available
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