International Competition and Inequality: A Generalized Ricardian Model

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Adolfo Figueroa;
  • Subject: International competition, Labor productivity, Real wage rate, initial inequality, income distribution, Ricardian trade model.

Why does the gap in real wage rates persist between the First World and the Third World after so many years of increasing globalization? The standard neoclassical trade model predicts that real wage rates will be equalized with international trade, whereas the standard ... View more
  • References (2)

    Barro, R. and Lee, J. 2000. International Data on Education Attainment. Updates and Implications. The National Bureau of Economic Research. Working Paper 7911.

    “Crecimiento económico en el Perú bajo los Borbones, 1700-1820”. Carlos Contreras. Mayo, 2014.

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