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Economic Development, Trade and Wages

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  • Ronald W. Jones
  • Sugata Marjit

Abstract

We present models that allow the use of unskilled and skilled labor as well as capital and land. Thus agriculture, important in developing countries, can be included as well as two types of labor and a single (or two) type(s) of physical capital. The models are related to the simple 3×2 specific factors structure by means of what is called the linear neighborhood structure, wherein no activity uses more than two factors, and the two types of labor work in separated sectors, using in common a type of physical capital. We discuss how wage rate changes are related when endowments change, when agriculture becomes traded and prices rise, and when unskilled labor becomes educated and joins the ranks of skilled workers.

Suggested Citation

  • Ronald W. Jones & Sugata Marjit, 2003. "Economic Development, Trade and Wages," German Economic Review, Verein für Socialpolitik, vol. 4(1), pages 1-17, February.
    • Handle: RePEc:bla:germec:v:4:y:2003:i:1:p:1-17:b
    DOI: 10.1111/1468-0475.t01-1-00070
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    Cited by:

    1. Jiancai Pi & Yuhan Luo, 2024. "Climate change and wage inequality," Journal of Economics, Springer, vol. 143(3), pages 279-303, December.
    2. Marjit, Sugata & Das, Gouranga G., 2023. "Immunity-driven Comparative Advantage and its Palliative Effect on Social Health and Inequality: A Theoretical Perspective," GLO Discussion Paper Series 1252, Global Labor Organization (GLO).
    3. Chaudhuri, Sarbajit & Yabuuchi, Shigemi, 2007. "Economic liberalization and wage inequality in the presence of labour market imperfection," International Review of Economics & Finance, Elsevier, vol. 16(4), pages 592-603.
    4. Marjit, Sugata & Das, Gouranga G. & Yang, Lei, 2025. "The role of finance in production and international trade," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
    5. Dutta, Meghna & Kar, Saibal & Marjit, Sugata, 2013. "Product variety, finite changes and wage inequality," Economic Modelling, Elsevier, vol. 35(C), pages 610-613.
    6. Ronald W. Jones, 2018. "Bubble Diagrams in Trade Theory," World Scientific Book Chapters, in: International Trade Theory and Competitive Models Features, Values, and Criticisms, chapter 9, pages 137-152, World Scientific Publishing Co. Pte. Ltd..
    7. Jiancai Pi & Pengqing Zhang, 2017. "Social conflict and wage inequality," Journal of Economics, Springer, vol. 121(1), pages 29-49, May.
    8. Mandal, Biswajit & Marjit, Sugata, 2010. "Corruption and wage inequality?," International Review of Economics & Finance, Elsevier, vol. 19(1), pages 166-172, January.
    9. Marjit, Sugata & Das, Gouranga G., 2021. "The new Ricardian specific factor model," Journal of Asian Economics, Elsevier, vol. 76(C).
    10. Chaudhuri, Sarbajit & Mukhopadhyay, Ujjaini, 2009. "Revisiting the Informal Sector: A General Equilibrium Approach," MPRA Paper 52135, University Library of Munich, Germany.
    11. Shigemi Yabuuchi, 2009. "Emigration and wage inequality in a dual economy," Economics Bulletin, AccessEcon, vol. 29(3), pages 1549-1554.
    12. Sugata Marjit & Gouranga Gopal Das, 2022. "Finance, Trade, Man and Machines: A New-Ricardian Heckscher-Ohlin-Samuelson Model," CESifo Working Paper Series 9672, CESifo.
    13. Sugata Marjit & Gouranga Gopal Das, 2022. "Immunity-Driven Comparative Advantage and Its Palliative Effect on Social Health and Inequality - A Theoretical Perspective," CESifo Working Paper Series 9569, CESifo.
    14. Marjit, Sugata & Kar, Saibal, 2005. "Emigration and wage inequality," Economics Letters, Elsevier, vol. 88(1), pages 141-145, July.
    15. Das, Maitrayee & Mandal, Biswajit, 2025. "Distance related time zone difference, waiting time, trade, and Dutch disease," Research in Economics, Elsevier, vol. 79(4).
    16. Marjit, Sugata & Das, Gouranga G., 2023. "Finance, Trade, Man and Machines: A New-Ricardian Heckscher-Ohlin-Samuelson Model," GLO Discussion Paper Series 1218, Global Labor Organization (GLO).
    17. Marjit, Sugata, 2003. "Economic reform and informal wage--a general equilibrium analysis," Journal of Development Economics, Elsevier, vol. 72(1), pages 371-378, October.
    18. Manoj Pant & Sugandha Huria, 2020. "Labour, Trade, and Wage Inequality: Some New Results," Working Papers 2043, Indian Institute of Foreign Trade.
    19. Eden S. H. Yu & Chi‐Chur Chao, 2021. "Appropriation, firm dynamics, and wage inequality," International Journal of Economic Theory, The International Society for Economic Theory, vol. 17(1), pages 118-129, March.
    20. Shigemi Yabuuchi, 2015. "Technological progress and wage inequality in an economy with a segmented labor market," Economics Bulletin, AccessEcon, vol. 35(3), pages 1992-1999.

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