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considers only the diversity difference in talent distribution, we argue that the kurtosis difference is also an important …-good sector and submodular for the R&D sector, we prove that the diversity effect and kurtosis effect are opposite to each other … goods, opposite to the conventional result from considering only the diversity difference. …
Persistent link: https://www.econbiz.de/10009643158
This paper explores the impact of labor market integration between an advanced country (North) and backward country (South) on income distribution and pattern oftrade by making use of a two-sector, competitive trade model with heterogeneous labor. We prove that, for the North, after the labor...
Persistent link: https://www.econbiz.de/10008533412