Delay and dynamics in labor market adjustment:: Simulation results

被引：16

作者：

Artuc, Erhan ^{[1
]}

Chaudhuri, Shubham ^{[2
]}

McLaren, John ^{[3
]}

机构：

[1] Koc Univ, TR-34450 Istanbul, Turkey

[2] World Bank, E Asia & Pacific Poverty Reduct & Econ Management, Washington, DC 20433 USA

[3] Univ Virginia, Dept Econ, Charlottesville, VA 22903 USA

来源：

JOURNAL OF INTERNATIONAL ECONOMICS | 2008年 / 75卷 / 01期

基金：

美国国家科学基金会;

关键词：

labor mobility; gross flows; net flows; gradualism; trade shocks; trade liberalization;

D O I：

10.1016/j.jinteco.2007.11.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We simulate numerically a trade model with labor mobility costs added, modeled in such a way as to generate gross flows in excess of net flows. Adjustment to a trade shock can be slow with plausible parameter values. In our base case, the economy moves 95% of the distance to the new steady state in approximately eight years. Gross flows have a large effect on this rate of adjustment and on the normative effects of trade. Announcing and delaying the liberalization can build - or destroy - a constituency for free trade. We study the conditions under which these contrasting outcomes occur. (C) 2007 Elsevier B.V All rights reserved.

引用

页码：1 / 13

页数：13

共 18 条

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