Comparative Advantage and the Equilibrium Rate of Unemployment

This paper develops a two-country Heckscher-Ohlin model with endogenous equilibrium involuntary unemployment to examine the question: What is the effect of free trade on the equilibrium rates of unemployment in the labor abundant and labor-scarce countries? It is shown that free trade leads to a dec...

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Main Author:	HOON, Hian Teck
Format:	text
Language:	English
Published:	Institutional Knowledge at Singapore Management University 1991
Subjects:	Economics Industrial Organization
Online Access:	https://ink.library.smu.edu.sg/soe_research/174 https://ink.library.smu.edu.sg/context/soe_research/article/1173/viewcontent/ComparativeAdvEquilRateUnemployment_1991.pdf
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Institution:	Singapore Management University
Language:	English

id	sg-smu-ink.soe_research-1173
record_format	dspace
spelling	sg-smu-ink.soe_research-11732017-07-26T06:36:47Z Comparative Advantage and the Equilibrium Rate of Unemployment HOON, Hian Teck This paper develops a two-country Heckscher-Ohlin model with endogenous equilibrium involuntary unemployment to examine the question: What is the effect of free trade on the equilibrium rates of unemployment in the labor abundant and labor-scarce countries? It is shown that free trade leads to a decline in the equilibrium rate of unemployment in the labor-abundant country but to a rise in unemployment in the labor-scarce country. 1991-11-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/soe_research/174 info:doi/10.1016/0165-1765(91)90226-b https://ink.library.smu.edu.sg/context/soe_research/article/1173/viewcontent/ComparativeAdvEquilRateUnemployment_1991.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Economics Industrial Organization
institution	Singapore Management University
building	SMU Libraries
continent	Asia
country	Singapore Singapore
content_provider	SMU Libraries
collection	InK@SMU
language	English
topic	Economics Industrial Organization
spellingShingle	Economics Industrial Organization HOON, Hian Teck Comparative Advantage and the Equilibrium Rate of Unemployment
description	This paper develops a two-country Heckscher-Ohlin model with endogenous equilibrium involuntary unemployment to examine the question: What is the effect of free trade on the equilibrium rates of unemployment in the labor abundant and labor-scarce countries? It is shown that free trade leads to a decline in the equilibrium rate of unemployment in the labor-abundant country but to a rise in unemployment in the labor-scarce country.
format	text
author	HOON, Hian Teck
author_facet	HOON, Hian Teck
author_sort	HOON, Hian Teck
title	Comparative Advantage and the Equilibrium Rate of Unemployment
title_short	Comparative Advantage and the Equilibrium Rate of Unemployment
title_full	Comparative Advantage and the Equilibrium Rate of Unemployment
title_fullStr	Comparative Advantage and the Equilibrium Rate of Unemployment
title_full_unstemmed	Comparative Advantage and the Equilibrium Rate of Unemployment
title_sort	comparative advantage and the equilibrium rate of unemployment
publisher	Institutional Knowledge at Singapore Management University
publishDate	1991
url	https://ink.library.smu.edu.sg/soe_research/174 https://ink.library.smu.edu.sg/context/soe_research/article/1173/viewcontent/ComparativeAdvEquilRateUnemployment_1991.pdf
_version_	1770569056046284800

Comparative Advantage and the Equilibrium Rate of Unemployment

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