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We develop a two-country, two-sector model of trade where the only difference between the two countries is their distribution of human capital endowments. We show that even if the two countries have identical aggregate human capital endowments the pattern of trade depends on the properties of...
Persistent link: https://www.econbiz.de/10013318467
We develop a two-country, two-sector model of trade where the only difference between the two countries is their distribution of human capital endowments. We show that even if the two countries have identical aggregate endowments the pattern of trade depends on the properties of the two human...
Persistent link: https://www.econbiz.de/10014063406
We develop a two-country, two-sector model of trade where the only difference between the two countries is their distribution of human capital endowments. We show that even if the two countries have identical aggregate human capital endowments the pattern of trade depends on the properties of...
Persistent link: https://www.econbiz.de/10003109768
families must reduce child labor without any impact on aggregate welfare …
Persistent link: https://www.econbiz.de/10012729990
aggregate welfare …
Persistent link: https://www.econbiz.de/10013318662
General equilibrium model of international trade has profoundly impacted various sub-disciplines of economics such as development economics, public economics, and environmental economics, among many others. These models continue to inspire younger generations of researchers and are used as...
Persistent link: https://www.econbiz.de/10012913279
skilled labour. Given an underlying skills distribution, the model determines profits, wages and aggregate income and welfare …
Persistent link: https://www.econbiz.de/10010519060
This study provides an ex-ante analysis of the welfare effect from the improvement of border road infrastructure in … local prices of imported rice taking into consideration the simulated price changes effect on household welfare across … rural than urban households. Such policies would likely produce larger welfare gains for poorer households than richer …
Persistent link: https://www.econbiz.de/10011499919
We quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive … more. Using these estimates, we simulate the general equilibrium effects of GATT/WTO on welfare, which are sizable and … effects from joining GATT/WTO can still gain in terms of welfare, due to lower import prices and higher export demand. …
Persistent link: https://www.econbiz.de/10013162399
equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 … general equilibrium effects of GATT/WTO on welfare, which are sizable and heterogeneous across members, and relatively small … gain in terms of welfare, due to beneficial terms-of-trade effects. …
Persistent link: https://www.econbiz.de/10012269824