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global south. The textile and clothing industry is the largest foreign exchange earner and the largest employment provider in …-level activities, size-wise as well as state-wise, thereby creating some sort of inequality. Moreover, we also show that the aggregate … wage bill of export-oriented firms in India actually rose during this period. However, the aggregate state-level wage bill …
Persistent link: https://www.econbiz.de/10010465456
We try to achieve this objective in four steps. First, we focus on the original Armington CES gravity model, as a representative framework for a large class of GE models, to offer a deep analysis of the structural relationships underlying the general equilibrium gravity system, and how they can...
Persistent link: https://www.econbiz.de/10011507632
The objective of this manuscript is to serve as a practical guide for evaluation of the general equilibrium (GE) effects of trade policy using the structural gravity model. We try to achieve this objective in four steps. First, we focus on the original Armington-CES gravity model, as a...
Persistent link: https://www.econbiz.de/10011515400
The objective of this manuscript is to serve as a practical guide for evaluation of the general equilibrium (GE) effects of trade policy using the structural gravity model. We try to achieve this objective in four steps. First, we focus on the original Armington-CES gravity model, as a...
Persistent link: https://www.econbiz.de/10012984506
results show that trade integration under NAFTA promoted employment in Mexico for all demographic groups, especially for women …
Persistent link: https://www.econbiz.de/10012796824
importance of “trade-induced horizontal inequality,” i.e. inequality brought about by trade shocks that occurs among workers with … the same level of earnings prior to the shock. While this type of inequality does not affect the income distribution, it … horizontal inequality and changes in the income distribution induced by trade in a data-driven way, we develop a characterization …
Persistent link: https://www.econbiz.de/10013464119
This paper analyzes the dynamics of trade policy reform under democracy. In an overlapping generations model, heterogeneous agents may acquire skills when young, thereby determining the skill composition of their cohort. Current and anticipated trade policies influence education decisions, and...
Persistent link: https://www.econbiz.de/10010296285
This paper examines the various arguments that have been put forth in favor of protectionism, from both an accounting and philosophical perspective. The author concludes that arguments against free trade are based on faulty premises, illogical reasoning or incorrect facts. Part 2. This paper was...
Persistent link: https://www.econbiz.de/10012981890
In this paper the welfare effects of tariffs and import quotas in the presence of involuntary unemployment are derived and compared. The framework used is the standard model of a competitive small open economy with many goods and factors. Optimum levels of the respective trade policy instruments...
Persistent link: https://www.econbiz.de/10014067339
prevalence and intensity of firm-level price-cost markups and either wage markups or wage markdowns. We take the dependence … degree of wage-setting power that it possesses, conditional on exercising product/labor market power. Finally, we find …
Persistent link: https://www.econbiz.de/10012169328