Wage inequality from international competition and technological change: theory and country experience

Article Abstract:

The Heckscher-Ohlin-Samuelson (HOS) general equilibrium model is used to explain the effect of foreign product markets to internal labor markets. This can be seen in the case involving US and European labor market wherein market speculations affected the demand for unskilled workers in both areas. In addition, the HOS model can also be used in studying education, technological change and immigration variables.

Models, Compensation and benefits, Labor market, Income distribution, Unskilled labor

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Product differentiation as a source of comparative advantage?

Article Abstract:

Economists have been studying the phenomenon of intra-industry trade, in which countries trade goods produced by the same industries. Models which indicate that product differentiation causes intra-industry trade are not conclusive. This seems to indicate that intra-industry trade is not caused by differentiated products resulting from increasing returns to scale (IRTS) technology.

Analysis, International trade, Product differentiation

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