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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18945| Title: | Trade and development in a labor surplus economy |
| Keywords: | J61 F12 O18 O15 ddc:330 international trade labor surplus economy land expansion monopolistic competition North-South model Außenwirtschaftstheorie Mehr-Sektoren-Modell Kurzarbeit Landwirtschaftliche Entwicklung Monopolistischer Wettbewerb Wohlfahrtseffekt Nord-Süd-Beziehungen Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | This paper looks at a model in which two countries trade agricultural and manufactured commodities. The manufactured-goods sector produces with increasing returns to scale under conditions of monopolistic competition. It is shown that an increase in land endowment (or an increase in agricultural productivity) can have negative welfare implications for both countries. This outcome can result under three different scenarios: asymmetries across countries, i.e. a North-South model, a neoclassical labor market in the home country's instead of a Lewisian market, and alternative utility functions. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18945 |
| Other Identifiers: | http://hdl.handle.net/10419/18945 ppn:500451826 |
| Appears in Collections: | EconStor |
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