Technological Differences and the Impact of Trade on Wages
作者： Jiro Akita , Kwan Koo Yun
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摘要: We introduce technological differences in a Heckscher-Ohlin model and study how the technology endowment interact to determine effects of trade on factor prices. When effect is dominant determining autarky relative prices, prices trading countries adjust converging directions with if only capital-rich country has comparative advantage capital-intensive sector. Adjustments could be excessive. Relative tend converge small for given endowments or difference large advantage.
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