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| Author: | Dinopoulos, E. Segerstrom, P. |
| Title: | A schumpeterian model of protection and relative wages |
| Journal: | American Economic Review
1999 : JUN, VOL. 89:3, p. 450-472 |
| Index terms: | ECONOMICS PAY MODELS |
| Language: | eng |
| Abstract: | This paper presents a dynamic general equilibrium model of R&D-based trade between two structurally identical countries in which both innovation and skill acquisition rules are endogenously determined. Trade liberalization increases R&D investment and the rate of technological change. It also reduces the relative wage of unskilled workers and results in skill upgrading within each industry when R&D is the skilled-labour intensive activity relative to manufacturing of final products. |
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