Multi-sector specific factors model with two mobile factors

被引：5

作者：

Dogan, Can ^{[1
]}

Akay, Gokhan H. ^{[2
,3
]}

机构：

[1] North Amer Univ, Dept Business Adm, 11929 W Airport Blvd, Stafford, TX 77477 USA

[2] Dept Int Trade, Mahmutbey Dilmenler Caddesi 26, TR-34217 Bagcilar Istanbul, Turkey

[3] Istanbul Kemerburgaz Univ, Bagcilar Istanbul, Turkey

来源：

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2016年 / 46卷

关键词：

Specific factors; Stolper-Samuelson theorem; Skill premium; FREE-TRADE AGREEMENT; REAL WAGES; TECHNOLOGY; ENDOWMENTS; PROTECTION; OUTPUT;

D O I：

10.1016/j.iref.2016.09.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper is an extension of the specific factors model to the study of relative wages by considering a multi-industry model with skilled and unskilled labor as the only mobile factors. We show that for changes in the price of a single industry, the impact on the skill premium is usually modest and sometimes the sign is the reverse of expectations. The elasticity of substitution between factors is critical for single-sector price changes. To generate a Stolper-Samuelson magnification effect, it is necessary to have a large number of price changes across industries intensive in either skilled or unskilled labor. (C) 2016 Elsevier Inc. All rights reserved.

引用

页码：136 / 147

页数：12

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