Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/130851
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dc.titleGeneral-equilibrium implications of international product-market competition for jobs and wages
dc.contributor.authorHoon, H.T.
dc.date.accessioned2016-11-28T10:13:24Z
dc.date.available2016-11-28T10:13:24Z
dc.date.issued2001
dc.identifier.citationHoon, H.T. (2001). General-equilibrium implications of international product-market competition for jobs and wages. Oxford Economic Papers 53 (1) : 138-156. ScholarBank@NUS Repository.
dc.identifier.issn00307653
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/130851
dc.description.abstractThis paper extends the insight that trade increases international product-market competition to show that in a world with an endogenous natural rate of unemployment, countries can benefit through a decline in the natural rate. When the number of firms in the integrated world market is greater than the number of firms in each economy in autarky, all trading nations in a world of identical factor proportions experience a decline in equilibrium unemployment. When factor proportions differ, equilibrium unemployment must fall in the labor-abundant country but may rise or decline in the capital-abundant country.
dc.sourceScopus
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.sourcetitleOxford Economic Papers
dc.description.volume53
dc.description.issue1
dc.description.page138-156
dc.description.codenOXEPA
dc.identifier.isiutNOT_IN_WOS
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