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Record Nr. |
UNINA9910817458203321 |
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Autore |
Saito Mika <1967-> |
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Titolo |
The impact of trade on wages : what if countries are not small? / / Mika Saito and Ichiro Tokutsu |
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Pubbl/distr/stampa |
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Washington, D.C., : International Monetary Fund, IMF Institute, c2006 |
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ISBN |
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1-4623-2760-5 |
1-4527-0675-1 |
1-283-51403-6 |
1-4519-8299-2 |
9786613826480 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (40 p.) |
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Collana |
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IMF working paper ; ; WP/06/155 |
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Altri autori (Persone) |
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Soggetti |
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Equilibrium (Economics) - Econometric models |
International trade - Econometric models |
Prices - Econometric models |
Wages - Econometric models |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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""Contents""; ""I. Introduction""; ""II. Literature Review""; ""III. The Model""; ""IV. Data""; ""V. Empirical Findings""; ""VI. Concluding Remarks""; ""APPENDIXES""; ""References"" |
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Sommario/riassunto |
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This paper explores the effect of trade on the relative wage of less-skilled labor through its effect on world prices, which are typically exogenously given under the small open economy assumption. Using the 1995 international input-output data for APEC member countries, we numerically simulate a general equilibrium model to study the effects of abolishing existing tariffs under the assumption that each member country is large enough to affect the prices of goods and services produced in the region. We find that the responsiveness of prices plays an important role in easing a possible adverse effect of trade on relative wages. |
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