Please use this identifier to cite or link to this item: http://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
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
RMID: 0030029887
DOI: 10.1111/caje.12082
Grant ID: http://purl.org/au-research/grants/arc/DP1096379
Appears in Collections:Economics publications

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