A North–South model of trade with search unemployment
| Autor: | Ignat Stepanok |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
Labour economics Intellectual property rights protection Creative destruction Full employment business.industry media_common.quotation_subject 05 social sciences International trade Intellectual property 0502 economics and business Unemployment Economics 050207 economics Empirical evidence business Free trade Welfare Finance 050205 econometrics media_common |
| Zdroj: | European Economic Review. 101:546-566 |
| ISSN: | 0014-2921 |
| DOI: | 10.1016/j.euroecorev.2017.10.023 |
| Popis: | In this paper I build a North–South model of international trade, economic growth and search-frictional unemployment in the North. Growth is driven by a process of creative destruction in the North followed by imitation in the South. I study the effects of intellectual property rights protection and trade liberalization on unemployment and welfare in the North. Intellectual property rights protection decreases unemployment and increases welfare. Trade liberalization increases welfare but has an ambiguous effect on unemployment. It decreases unemployment if workers in the North have a high outside option and increases it if their outside option is low. I provide empirical evidence in support of the last result using data for 20 OECD countries. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect