Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/102981
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Type: | Journal article |
Title: | International trade and directed search unemployment in general equilibrium |
Author: | King, I. Stähler, F. |
Citation: | Canadian Journal of Economics, 2014; 47(2):580-604 |
Publisher: | Wiley |
Issue Date: | 2014 |
ISSN: | 1540-5982 1540-5982 |
Statement of Responsibility: | Ian King and Frank Stähler |
Abstract: | We develop an open economy general equilibrium model, with auction-based directed search unemployment, to study the interactions of trade and unemployment. The theory ascribes all outcomes purely to the fundamentals of technology and endowment. If countries differ by endowment, trade makes both the unemployment rate and the rental in the capital-(labour-) abundant country rise (decline) but does not lead to equalization. If, alternatively, countries differ by technology, trade increases (decreases) the unemployment rate in the country whose technology is relatively superior (inferior) for producing the capital-intensive good. |
Rights: | © Canadian Economics Association |
DOI: | 10.1111/caje.12082 |
Grant ID: | http://purl.org/au-research/grants/arc/DP1096379 |
Published version: | http://dx.doi.org/10.1111/caje.12082 |
Appears in Collections: | Aurora harvest 7 Economics publications |
Files in This Item:
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RA_hdl_102981.pdf Restricted Access | Restricted Access | 184.28 kB | Adobe PDF | View/Open |
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