Lee, Cheng-Te; Wu, Chung-Jen; Li, Yi-Chen - In: Journal of Economics and Management 6 (2010) 1, pp. 1-15
Using the assumption that the vertical multinationals ship capital and intermediate goods from parent in Taiwan to subsidiaries in less-developed countries, this paper extends the Harris-Todaro model to analyze the impacts of globalization on wage inequality and unemployment. We find that an...