A Schumpeterian Model of Protection and Relative Wages

Arbeitspapier

This paper presents a dynamic general equilibrium model of trade between two advanced countries in which both innovation and skilled acquisition rates are endogenously determined. The model offers a North-North (as opposed to a North-South) trade explanation for increasing relative wage inequality. A global reduction in trade barriers increases R&D investment and accelerates the pace of technological progress. It also reduces the relative wage of unskilled workers and results in skill upgrading, if and only if R&D is the skill-intensive activity relative to manufacturing of final products. Trade liberalization does not affect domestic relative prices in either of the two countries.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IUI Working Paper ; No. 471

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Market Structure, Pricing, and Design: Perfect Competition ; Trade: General ; Models of Trade with Imperfect Competition and Scale Economies; Fragmentation ; Trade Policy; International Trade Organizations
• Thema: Economic growth ; R&D ; Protection ; Relative Wages ; Außenwirtschaftstheorie ; Lohn ; Humankapital ; Innovation ; Technischer Fortschritt ; Handelsliberalisierung ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Dinopoulos, Elias ; Segerstrom, Paul
• Ereignis: Veröffentlichung
• (wer): The Research Institute of Industrial Economics (IUI)
• (wo): Stockholm
• (wann): 1996

Weitere Informationen

• Handle: http://hdl.handle.net/10419/94749
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ