This paper examines the impact in Morocco of its pending free trade agreement with the US in a specific factors model with unemployment and energy imports. Projected price scenarios across eight industries lead to adjustments in outputs, energy imports, rural wages, urban wages, and the...

This paper examines US wage adjustment in a structural vector autoregression of the factor proportions model with capital, labor, and energy inputs. Data cover the years 1949 to 2006. The wage adjusts to changes in input levels and output prices over six to eight years. Energy has a more robust...