Variable Labor Supply, Terms of Trade Shocks, and Domestic Prices: A Note

被引：0

作者：

Konstantine Gatsios

机构：

[1] Athens University of Economics and Business,

[2] PO Box 31783,undefined

[3] Athens 100 35,undefined

[4] Greece (e-mail: gatsios@aueb.gr),undefined

来源：

Journal of Economics | 2002年 / 77卷

关键词：

Keywords: import restrictions, variable labor supply, terms of trade.; JEL classification: F10, F13.;

D O I：

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中图分类号：

学科分类号：

摘要：

This paper develops a two-good, small-country, general-equilibrium trade model with endogenous labor supply, where trade is restricted by a tariff or an import quota. Within this framework, it is shown that, contrary to Anam (1989), under an import quota domestic and world prices may vary in the same direction. This is due to the possibly positive employment effects of terms of trade shocks. In such a case, compared to fixed labor supply, variable labor supply is likely to make the domestic prices less sensitive to foreign price volatility.

引用

页码：23 / 33

页数：10

共 50 条

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