ISSN:
1573-708X
Keywords:
free trade
;
income distribution
;
developing countries
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract A competitive general equilibrium model of production is specified and the long-run comparative static elasticities of changing prices on factor prices are examined in eight developing and newly industrialized countries. Unskilled labor in these developing countries stands to gain from a program of global free trade characterized by increased manufacturing exports and falling prices of imported business services, while capital owners and skilled labor lose. Results are contrasted with developed countries, the United States in particular, where unskilled labor will lose while capital and skilled labor enjoy gains with global free trade.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01000085
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