haku: @author Lai, E. / yhteensä: 3
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| Tekijä: | Lai, E. |
| Otsikko: | The product cycle and the world distribution of income: a reformulation |
| Lehti: | Journal of International Economics
1995 : NOV, VOL. 39:3/4, p. 369-382 |
| Asiasana: | INNOVATION GROWTH INCOME DISTRIBUTION |
| Kieli: | eng |
| Tiivistelmä: | This paper uses a North-South trade model with skilled and unskilled labour to study the effect of labor supply on the world distribution of income. The world rte of innovation is endogenized. An increase in the supply of unskilled labor in a country lowers its steady-state relative wage, while an increase in supply of skilled labour in a country raises its steady-state relative wage when the elasticity of substitution between goods is sufficiently large, claims the author of the article Edwin Lai. |
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