Please use this identifier to cite or link to this item: https://doi.org/10.1007/BF01000743
Title: The impact of intraindustry trade on the natural rate of unemployment in two simple models
Authors: Hoon, H.T. 
Keywords: equilibrium unemployment
intraindustry trade
labor turnover
scale economies
shirking behavior
Issue Date: Mar-1994
Citation: Hoon, H.T. (1994-03). The impact of intraindustry trade on the natural rate of unemployment in two simple models. Open Economies Review 5 (1) : 29-46. ScholarBank@NUS Repository. https://doi.org/10.1007/BF01000743
Abstract: This paper builds in two popular versions of the theory of equilibrium unemployment into a world economy engaged purely in intraindustry trade of differentiated products. We show that free trade through increasing the range of varieties available for consumption and expanding economies of scale leads to a lowering of the equilibrium rates of unemployment in all participating countries. Thus, we demonstrate channels through which international trade alleviates the problem of high unemployment in each country engaged in pure intraindustry trade. © 1994 Kluwer Academic Publishers.
Source Title: Open Economies Review
URI: http://scholarbank.nus.edu.sg/handle/10635/133425
ISSN: 09237992
DOI: 10.1007/BF01000743
Appears in Collections:Staff Publications

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