General-equilibrium implications of international product-market competition for jobs and wages
This paper extends the insight that trade increases international product-market competition to show that in a world with an endogenous natural rate of unemployment, countries can benefit through a decline in the natural rate. When the number of firms in the integrated world market is greater than t...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2001
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/94 https://doi.org/10.1093/oep/53.1.138 |
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| Institution: | Singapore Management University |
| Language: | English |