dc.contributor.author | Melchior, Arne | |
dc.date.accessioned | 2016-06-28T14:15:58Z | |
dc.date.accessioned | 2016-07-01T10:06:10Z | |
dc.date.available | 2016-06-28T14:15:58Z | |
dc.date.available | 2016-07-01T10:06:10Z | |
dc.date.issued | 2004 | |
dc.identifier.citation | Working Paper, NUPI nr 666. NUPI, 2004 | nb_NO |
dc.identifier.issn | 0800 - 0018 | |
dc.identifier.uri | http://hdl.handle.net/11250/2395212 | |
dc.description | - | nb_NO |
dc.description.abstract | From the Stolper-Samuelson Theorem, it is expected that North-South
trade reduces the real wage of unskilled labour in the North. This paper questions the
underlying assumption that trading countries are diversified, and examines theoretically the
trade-wage link when the South is completely specialised. While it remains true that trade
with the South negatively affects wages in the North, it is no longer the case that the
poorer the trade partner is, the more harmful is trade for Northern wages. The negative
wage impact is largest when the South has an intermediate capital-labour ratio, since it is
then a more efficient producer. This also gives the largest aggregate welfare gains from trade
in the North. The specialised South also gains from trade, and these gains are relatively
larger, the more extreme is its factor composition. But even if the poorest countries gain
from trade, capital accumulation may be more important for their welfare. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | NUPI | nb_NO |
dc.relation.ispartofseries | NUPI Working Paper;666 | |
dc.rights | Navngivelse-Ikkekommersiell-DelPåSammeVilkår 3.0 Norge | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-sa/3.0/no/ | * |
dc.title | North-South Trade and Wages with Complete Specialisation : Modifying the Stolper-Samuelson Relationship | nb_NO |
dc.type | Working paper | nb_NO |
dc.date.updated | 2016-06-28T14:15:58Z | |
dc.source.pagenumber | 33 p. | nb_NO |
dc.identifier.cristin | 1364808 | |
dc.subject.keyword | Handel / Trade | |
dc.subject.keyword | Internasjonal økonomi / International economics | |