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The link between output changes and factor-mix adjustments in general equilibrium is examined for each of nine industries using pooled data from 12 developed countries over the years 1970-85. Specifications of the Stolper-Samuelson theorem and the specific-factors model of production are built...
Persistent link: https://www.econbiz.de/10005321543
Batra (1992) argues that international trade since 1972 has lowered the living standards of most Americans (whose income results from providing labor services), while benefiting the small group of capital owners. This commentary shows that Batra's arguments are based on incorrect data and that...
Persistent link: https://www.econbiz.de/10005341492
Persistent link: https://www.econbiz.de/10005321668
When Akira Takayama passed away this winter, the economics profession lost one of its most productive and most passionate members. This memoir catalogues Professor Takayama's publications and offers some insight into his contributions and personality from a few of his colleagues. Copyright 1996...
Persistent link: https://www.econbiz.de/10005341457
A specific factors model of 458 US manufacturing industries simulates the effects of eliminating manufacturing tariffs on unskilled and skilled wages. The model assumes constant elasticity substitution, industry-specific capital inputs, and mobile unskilled and skilled labor. Tariff elimination...
Persistent link: https://www.econbiz.de/10005024267