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...
Saved in:
| Main Author: | |
|---|---|
| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1991
|
| Subjects: | |
| 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 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Singapore Management University |
| Language: | English |