Trade with Labor Market Distortions and Heterogeneous Labor: Why Trade Can Hurt
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This paper explains the differential impacts of trade on countries in terms of institutional differences which result in factor market distortions. We modify the Ricardian, Specific Factor and Hecksher Ohlin models of trade to capture these. Trade has both terms of trade effects and output effects.
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美国国家经济研究局创建时间：
2002-07-01
