International Trade And Unemployment
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International Trade With Equilibrium Unemployment
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Author : Carl Davidson
language : en
Publisher: Princeton University Press
Release Date : 2010
International Trade With Equilibrium Unemployment written by Carl Davidson and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
While most standard economic models of international trade assume full employment, Carl Davidson and Steven Matusz have argued over the past two decades that this reliance on full-employment modeling is misleading and ill-equipped to tackle many important trade-related questions. This book brings together the authors' pioneering work in creating models that more accurately reflect the real-world connections between international trade and labor markets. The material collected here presents the theoretical and empirical foundations of equilibrium unemployment modeling, which the authors and their collaborators developed to give researchers and policymakers a more realistic picture of how international trade affects labor markets, and of how transnational differences in labor markets affect international trade. They address the shortcomings of standard models, describe the empirics that underlie equilibrium unemployment models, and illustrate how these new models can yield vital insights into the relationship between international trade and employment. This volume also includes an indispensable general introduction as well as concise section introductions that put the authors' work in context and reveal the thinking behind their ideas. Economists are only now realizing just how important these ideas are, making this book essential reading for researchers and students.
Trade Jobs And Wages
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Author : Hian Teck Hoon
language : en
Publisher: Edward Elgar Publishing
Release Date : 2000-01-01
Trade Jobs And Wages written by Hian Teck Hoon and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-01-01 with Business & Economics categories.
The world's increasing integration through trade and the persistence of high unemployment in Europe, and other areas of the world, highlight the need to understand the implications of free trade for unemployment. Trade, Jobs and Wages analyses how employment levels and real wages are affected by international trade. Popular trade theory disregards the impact of free trade on the rate of unemployment, since it assumes full employment at the outset. By focusing on the determinants of the natural rate of unemployment, Professor Hoon places an emphasis on real, as opposed to monetary, factors in accounting for long term trends in wages and unemployment.
The Theory Of International Trade And Unemployment
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Author : Paul Oslington
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006
The Theory Of International Trade And Unemployment written by Paul Oslington and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Business & Economics categories.
In this book, Paul Oslington underlines the contradiction between the prominence of job losses in political conflict over trade liberalization, and trade economists usually working with full employment models. This book is a comprehensive treatment of the benchmark competitive trade model with unemployment. It highlights the important linkages between trade and employment, providing analytical tools for participants in debates over trade liberalization. Global economy models, and empirically important cases where factor price equalization fails are considered for the first time. Questions addressed include: How do trading economies with unemployment respond to shocks such as terms of trade deteriorations, changes in labour market institutions or technological change? How does international migration affect employed and unemployed workers? How are trade patterns and volumes modified by unemployment? Is trade liberalisation always gainful when there is unemployment? How are European and American labour markets linked? How does the entry of newly industrializing countries into manufactured goods markets affect unemployment and wages in different parts of the world? What is the impact of harmonization of international labour standards on different groups in different parts of the world? This work is a basis for much needed empirical and policy work on trade and unemployment. It will strongly appeal to researchers, students and academics with an interest in international economics and international business. Economists in government and international agencies will also find much to interest them within this book.
International Trade And Unemployment
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Author : Richard D. Solo
language : en
Publisher:
Release Date : 1943
International Trade And Unemployment written by Richard D. Solo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1943 with categories.
International Trade And Labor Markets
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Author : Carl Davidson
language : en
Publisher: W.E. Upjohn Institute
Release Date : 2004
International Trade And Labor Markets written by Carl Davidson and has been published by W.E. Upjohn Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
International Trade And Unemployment
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Author : Marco de Pinto
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-14
International Trade And Unemployment written by Marco de Pinto and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-14 with Business & Economics categories.
Economic theory and empirical research confirm that the rising international integration caused an increase in aggregate income at least for the industrialized countries, although trade liberalization is no Pareto improvement. In the empirical literature, there is a consensus that the international integration implies a destruction of low-skilled job vacancies and an increase in income, while the conclusions are mixed concerning the implication for the overall unemployment rate. This book seeks to find theoretical explanations to these empirical regularities. The book poses three questions: What are the implications of trade liberalization for the labor market in the presence of trade unions if we account for both firm and worker heterogeneity? What are the implications of a redistribution policy if the government chooses unemployment benefits to partially compensate the losers of trade liberalization?, and what is the optimal redistribution scheme for trade gains if the government explicitly takes into account the consequences for the income distribution? This book presents a rigorous theoretical analysis to answer the questions posed. Beside the well-known firm-selection effect on goods markets caused by trade liberalization, a selection process on the labor market -the worker-selection effect - is presented. The book also argues that if welfare is measured in the traditional manner, i.e. income per capita, compensating the loser of trade liberalization by paying unemployment benefits decreases welfare, but the intensity of the reduction differs with respect to the chosen funding of the unemployment benefits. Another significant contribution of this book is that if the objective function of the government, i.e. the modified welfare function, includes both aggregate income and income inequality, the redistribution of trade gains can lead to an increase in welfare.
Models Of Unemployment In Trade And Economic Development
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Author : Bharat Hazari
language : en
Publisher: Routledge
Release Date : 2005-07-27
Models Of Unemployment In Trade And Economic Development written by Bharat Hazari and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-07-27 with Business & Economics categories.
The impact of increased levels of international trade on domestic labour markets is a key issue for policy makers in both developed and less developed countries. This book considers the most important current issues in this area in the context of models which examine the relationship between trade and employment. It is divided into three parts. The first deals with unemployment, decay and the `Dutch Disease': the second with structural adjustment, urban unemployment and protectionism; the last offers some variations on models of unemployment. In parts one and two the important insights are that minimum wages may cause decay rather than growth and that disaggregation of non-traded goods between urban and rural regions is of critical importance in structural adjustment, protectionism and the real exchange rate. In part three, segmented labour market theory is used to explain urban and disguised unemployment and the importance of proper agricultural policies for rural development is emphasised. Finally the impact of technology transfers on employment in both donor and recipient countries is explored.
International Trade And Labor Markets
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Author : Udo Kreickemeier
language : en
Publisher: World Scientific Publishing Company
Release Date : 2017-08-12
International Trade And Labor Markets written by Udo Kreickemeier and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-12 with Business & Economics categories.
This volume collects theoretical papers on the labor market effects of international trade that Udo Kreickemeier has published, together with different co-authors, over the past decade. Many contributions contained in this volume feature labor market imperfections that give rise to involuntary unemployment, and in those contributions, the question of how trade affects aggregate employment typically takes center stage in the analysis. Another recurring theme in many papers is the link between international trade and the income distribution within countries. The channels explored in the different papers include union wage premia, exporter wage premia due to firm-level rent sharing, and ability premia to entrepreneurs that are able to capitalize on their high productivity in global markets.
Single World Divided Nations
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Author : Robert Z. Lawrence
language : en
Publisher: Brookings Institution Press
Release Date : 2010-12-01
Single World Divided Nations written by Robert Z. Lawrence and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Political Science categories.
The world economy has undergone miraculous changes in the last decade, particularly in developing and former communist countries. Privatization and trade liberalization have replaced the protectionist and statist policies that were deeply entrenched in these areas just ten years ago. Today, these dynamic emerging markets offer attractive opportunities. According to Robert Lawrence, liberal international trade and investment should provide significant opportunities for gains in developing and developed nations alike. But will the developed countries be allowed to keep their markets open and absorb exports from developing countries? Many in the U.S. and Europe blame international trade for unemployment and wage inequality. But what is the real relationship? Lawrence contends that while trade has played some role in reducing the wages of poorly educated workers in the U.S. and in raising the unemployment of unskilled workers in Europe, its impact has been small compared with other causes of these changes. Lawrence examines the role of trade in developed and developing countries and its impact on labor markets and wage inequality, and discusses what he considers the more important effects of technological and organizational change. He begins by focusing on U.S. wage behavior, then moves to wage behavior in the OECD countries. Lawrence concludes that the impact of globalization on OECD labor markets has been far less damaging than many have argued and, indeed, that international trade enhances national welfare. He presents considerable evidence that the sources of poor labor market performance are essentially domestic—they reflect ongoing technological and organizational shocks that would be present even if the economy was closed. This evidence suggests that international differences in wage rates and labor standards are not major factors in OECD labor market behavior. He explains that the major challenges to policy are educating the public on the nature of these changes, emphasizing the need for worker training and education to take advantage of new technologies and new organizational structures, and developing measures to reduce earnings inequality while preserving and increasing wage flexibility. Robert Z. Lawrence is professor of international trade and investment at the John F. Kennedy School of Government at Harvard University. His previous books include A Vision for the World Economy: Openness, Diversity, and Cohesion (Brookings, 1996), the capstone volume to the Integrating National Economies series. Copublished with the OECD Development Centre
International Trade And Labour Markets
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Author : Chris Milner
language : en
Publisher: Springer
Release Date : 1997-10-13
International Trade And Labour Markets written by Chris Milner and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-10-13 with Business & Economics categories.
A topical examination of the impact of globalization and the intricate relationship between international trade and labour markets, containing theoretical and empirical studies of countries including UK, Mexico and Chile. The distinguished international contributors demonstrate the importance of this emerging research agenda analyzing the importance of trade reforms on employment and the impact on skilled and unskilled labour from technological change and global competition.