COMPARATIVE ADVANTAGE AND THE EQUILIBRIUM RATE OF UNEMPLOYMENT

被引:9
|
作者
HOON, HT
机构
[1] National University of Singapore, Singapore
关键词
D O I
10.1016/0165-1765(91)90226-B
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper develops a two-country Heckscher-Ohlin model with endogenous equilibrium involuntary unemployment to examine the question: Wat is the effect of free trade on the equilibrium rates of unemployment in the laborabundant and labor-scarce countries? It is shown that free trade leads to a decline in the equilibrium rate of unemployment in the labor-abundant country but to a rise in unemployment in the labor-scarce country. © 1991.
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页码:299 / 304
页数:6
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