Endogenous labour market imperfection and the HOS model: some counterintuitive trade-theoretic results
AbstractThis paper introduces endogenous labour market imperfection in an otherwise Heckscher-Ohlin-Samuelson (HOS) model. It demonstrates that this framework satisfies the Stolper-Samuelson theorem and the magnification effect and that it is capable of producing certain trade-theoretic results which are contrary to the standard HOS and the Corden and Findlay (1975) results.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 36073.
Date of creation: 10 Jan 2012
Date of revision:
Labour market imperfection; Heckscher-Ohlin-Samuelson model; Corden and Findlay model; foreign capital; trade liberalization; general equilibrium;
Find related papers by JEL classification:
- F20 - International Economics - - International Factor Movements and International Business - - - General
- O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
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