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Trade liberalization, wages, and specialization in China
Hong, Chang - In: Journal of the Japanese and International Economies 26 (2012) 4, pp. 561-577
the later reform period of 1994–2006. A theory of tariff reductions is proposed by constructing the Dornbusch … specialization can be obtained from foreign tariff reductions followed by Chinese tariff reductions. This finding is supported by …
Persistent link: https://www.econbiz.de/10010594796
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Successive Trade Liberalization and Wage Inequality
Acharyya, Rajat - Volkswirtschaftliche Fakultät, … - 2010
This paper examines the implications of initial conditions in terms of the levels of tariff protection from which … the sense that for countries lowering their tariff levels successively than once and for all, intra-country wage …
Persistent link: https://www.econbiz.de/10011114429
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Who Gains From Tariff Escalation?
Guha-Khasnobis, Basudeb - In: Journal of Economic Integration 19 (2004), pp. 416-425
With the help of a simple model of production and trade, we examine the differential impact of tariff escalation on … skilled and unskilled wages in an economy. Our findings provide a lobbying-based explanation of the prevalence of tariff …
Persistent link: https://www.econbiz.de/10009364791
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Trade Liberalization and Wage Inequality: New Insights from a Dynamic Trade Model with Heterogeneous Firms and Comparative Advantage
Lechthaler, Wolfgang; Mileva, Mariya - Institut für Weltwirtschaft (IfW) - 2013
We develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to study wage inequality during the adjustment after trade liberalization. We find that trade liberalization increases wage inequality both in the...
Persistent link: https://www.econbiz.de/10010887016
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Smoothing the adjustment to trade liberalization
Lechthaler, Wolfgang; Mileva, Mariya - WWWforEurope - 2014
We use a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to analyze economic policy to compensate the losers of trade liberalization and to reduce the ensuing wage inequality. We consider several instruments...
Persistent link: https://www.econbiz.de/10010928067
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Two-Country Dynamic Model of Trade with Heterogeneous Firms and Comparative Advantage
Lechthaler, Wolfgang; Mileva, Mariya - WWWforEurope - 2013
We develop a dynamic trade model with comparative advantage, heterogeneous firms and workers and endogenous firm entry to study wage inequality during the adjustment to trade liberalization. We find that trade liberalization increases wage inequality both in the short run and in the long run. In...
Persistent link: https://www.econbiz.de/10010928080
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Smoothing the adjustment to trade liberalization
Lechthaler, Wolfgang; Mileva, Mariya - Institut für Weltwirtschaft (IfW) - 2014
We use a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to analyze economic policy meant to compensate the losers of trade liberalization and reduce the ensuing wage inequality. We consider several...
Persistent link: https://www.econbiz.de/10011277152
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Heterogeneous trade costs and wage inequality: A model of two globalizations
Basco, Sergi; Mestieri, Martí - In: Journal of International Economics 89 (2013) 2, pp. 393-406
We develop a model for analyzing the distributional effects of two globalizations and their interdependence. We distinguish between two trade cost reductions, (i) trade liberalizations in the 1980s, which increased trade in low-skill-intensive goods (denoted L-globalization) and (ii) reductions...
Persistent link: https://www.econbiz.de/10011056349
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Trade Liberalization and Wage Inequality: New Insights from a Dynamic Trade Model with Heterogeneous Firms and Comparative Advantage
Lechthaler, Wolfgang; Mileva, Mariya - FIW - 2015
We develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to study wage inequality during the adjustment after trade liberalization. We find that trade liberalization increases wage inequality both in the...
Persistent link: https://www.econbiz.de/10011133730
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Trade, Education, and The Shrinking Middle Class
Blanchard, Emily; Willmann, Gerald - Institut für Weltwirtschaft (IfW) - 2013
We develop a new model of trade in which educational institutions drive comparative advantage and determine the distribution of human capital within and across countries. Our framework exploits a multiplicity of sectors and the continuous support of human capital choices to demonstrate that...
Persistent link: https://www.econbiz.de/10010886979