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We develop a two-country, two-sector model of trade where the only difference between the two countries is their distribution of human capital endowments. We show that even if the two countries have identical aggregate human capital endowments the pattern of trade depends on the properties of...
Persistent link: https://www.econbiz.de/10013318467
We develop a two-country, two-sector model of trade where the only difference between the two countries is their distribution of human capital endowments. We show that even if the two countries have identical aggregate endowments the pattern of trade depends on the properties of the two human...
Persistent link: https://www.econbiz.de/10014063406
Persistent link: https://www.econbiz.de/10003586331
Persistent link: https://www.econbiz.de/10002952555
Persistent link: https://www.econbiz.de/10002834609
We develop a two-country, two-sector model of trade where the only difference between the two countries is their distribution of human capital endowments. We show that even if the two countries have identical aggregate human capital endowments the pattern of trade depends on the properties of...
Persistent link: https://www.econbiz.de/10003109768
families must reduce child labor without any impact on aggregate welfare …
Persistent link: https://www.econbiz.de/10012729990
aggregate welfare …
Persistent link: https://www.econbiz.de/10013318662
General equilibrium model of international trade has profoundly impacted various sub-disciplines of economics such as development economics, public economics, and environmental economics, among many others. These models continue to inspire younger generations of researchers and are used as...
Persistent link: https://www.econbiz.de/10012913279
skilled labour. Given an underlying skills distribution, the model determines profits, wages and aggregate income and welfare …
Persistent link: https://www.econbiz.de/10010519060