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This research argues that the differential effect of international trade on the demand for human capital across countries has been a major determinant of the distribution of income and population across the globe. In developed countries the gains from trade have been directed towards investment...
Persistent link: https://www.econbiz.de/10014220825
determinant of the distribution of world population and a prime cause of the 'Great Divergence' in income per capita across …
Persistent link: https://www.econbiz.de/10014060187
This paper explores the evolution of child labor, fertility, and human capital in the process of development. In early stages of development the economy is in a development trap where child labor is abundant, fertility is high and output per capita is low. Technological progress, however,...
Persistent link: https://www.econbiz.de/10014123692
This paper explores the evolution of child labor, fertility, and human capital in the process of development. In early stages of development the economy is in a development trap where child labor is abundant, fertility is high and output per capita is low. Technological progress, however,...
Persistent link: https://www.econbiz.de/10014115096
Persistent link: https://www.econbiz.de/10003759305
determinant of the distribution of world population and a prime cause of the ‘Great Divergence’ in income per capita across …
Persistent link: https://www.econbiz.de/10010318893
Economists generally agree that free trade leads to economic growth. This proposition is supported both by theoretical models and empirical data. Further, while the empirical evidence is more limited on this question, the general consensus among economists holds that trade restrictions are...
Persistent link: https://www.econbiz.de/10012709251
international migration today. Such migration is likely to affect the world distribution of income both directly, through the … world economy where agents in both countries make optimal fertility and human capital decisions. The implications of the … analysis for the world distribution of income are derived in the light of recent empirical findings of the brain drain …
Persistent link: https://www.econbiz.de/10014184084
We construct a new database which covers production and trade in 136 primary commodities and 24 manufacturing and service sectors for 145 countries. Using this new more granular data, we estimate spillover effects from plausible trade fragmentation scenarios in a new multi-country, multi-sector,...
Persistent link: https://www.econbiz.de/10014358436
known as international unbundling of production. We consider a world economy where countries only differ in their … productivity and consume final good varieties from all country origins. Each variety is produced using a bundle of intermediate … this change in inequality is U-shaped in the productivity of the country. The reason is that high-productivity countries …
Persistent link: https://www.econbiz.de/10012871980