Capital-skill complementarity and wage outcomes following technical change in a global model
作者： Rod Tyers , Yongzheng Yang
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摘要: We estimate the extent of factor bias in technical changes consistent with observed skill premia. To control for effects expanded trade on wages we use a structural model multiple regions and comparative static analysis. Two alternative biased technical-change stories emerge: enhancement when capital are substitutes complements. These imply different underlying processes macroeconomic behaviour response to shocks. Capital offers more credible process, however, is rises "equipment content" stock. Copyright 2000 by Oxford University Press.
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