Foreign Competition and Wage Inequality.
The author argues that increased foreign competition can affect technical choice and skill differentials even when actual imports do not rise significantly. A model is presented of general oligopolistic equilibrium (GOLE) in which a reduction in import barriers (whether technological or policy-impos...
| Главный автор: | |
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| Формат: | Journal article |
| Язык: | English |
| Опубликовано: |
Blackwell Publishing
2002
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| _version_ | 1826285508841439232 |
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| author | Neary, J |
| author_facet | Neary, J |
| author_sort | Neary, J |
| collection | OXFORD |
| description | The author argues that increased foreign competition can affect technical choice and skill differentials even when actual imports do not rise significantly. A model is presented of general oligopolistic equilibrium (GOLE) in which a reduction in import barriers (whether technological or policy-imposed) encourages more strategic investment by incumbent firms. The predictions accord with many of the stylized facts: higher skill premia; higher ratios of skilled to unskilled workers employed in all sectors and throughout the economy; little change in import volumes or prices; and rapid technological progress with rather little change in total factor productivity. |
| first_indexed | 2024-03-07T01:29:53Z |
| format | Journal article |
| id | oxford-uuid:933e0e7c-08f3-4e33-a04c-e7933e870e05 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T01:29:53Z |
| publishDate | 2002 |
| publisher | Blackwell Publishing |
| record_format | dspace |
| spelling | oxford-uuid:933e0e7c-08f3-4e33-a04c-e7933e870e052022-03-26T23:30:56ZForeign Competition and Wage Inequality.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:933e0e7c-08f3-4e33-a04c-e7933e870e05EnglishDepartment of Economics - ePrintsBlackwell Publishing2002Neary, JThe author argues that increased foreign competition can affect technical choice and skill differentials even when actual imports do not rise significantly. A model is presented of general oligopolistic equilibrium (GOLE) in which a reduction in import barriers (whether technological or policy-imposed) encourages more strategic investment by incumbent firms. The predictions accord with many of the stylized facts: higher skill premia; higher ratios of skilled to unskilled workers employed in all sectors and throughout the economy; little change in import volumes or prices; and rapid technological progress with rather little change in total factor productivity. |
| spellingShingle | Neary, J Foreign Competition and Wage Inequality. |
| title | Foreign Competition and Wage Inequality. |
| title_full | Foreign Competition and Wage Inequality. |
| title_fullStr | Foreign Competition and Wage Inequality. |
| title_full_unstemmed | Foreign Competition and Wage Inequality. |
| title_short | Foreign Competition and Wage Inequality. |
| title_sort | foreign competition and wage inequality |
| work_keys_str_mv | AT nearyj foreigncompetitionandwageinequality |