Globalization, Labour Market Segmentation, Unemployment and Wage Inequality: A Theoretical Analysis

Autor:	Rakhi Banerjee, Ranjanendra Narayan Nag
Rok vydání:	2011
Předmět:	Labour economics Restructuring Income distribution Efficiency wage media_common.quotation_subject Unemployment Economics Wage Tariff Foreign direct investment General Economics Econometrics and Finance Free trade media_common
Zdroj:	Journal of Economic Integration. 26:578-599
ISSN:	1976-5525 1225-651X
DOI:	10.11130/jei.2011.26.3.578
Popis:	In this paper we build up a three-sector general equilibrium framework to examine impact of agricultural trade liberalization, tariff rate restructuring and inflow of Foreign Direct Investment on unemployment and wage inequality in an emerging market economy. The paper shows that agricultural trade liberalization and tariff rate restructuring reduces the skilled-unskilled wage gap whereas increase in inflow of foreign capital may lead to worsening of income distribution. Multiple cross effects, factor specificity and factor intensity ranking play important roles in determining changes in output composition, factor rewards and unemployment in the wake of economic reforms.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::4f2c3cd203c2ed4b86d6927d3cbcc21a https://doi.org/10.11130/jei.2011.26.3.578 Zobrazit plný text záznamu Plný text ve formátu PDF