Variable labour supply and the pure theory of international trade: An empirical note
Variable labour supply and the pure theory of international trade: An empirical note
复制标题
可变劳动力供给与国际贸易纯理论：实证笔记
DOI：
10.1016/0022-1996(80)90005-7
复制
发表时间：
1980
期刊：
影响因子：
--
通讯作者：
J. Neary
中科院分区：
文献类型：
--
作者：
John P. Martin;J. Neary
先前的作者已经证明，在两部门Heckscher-Ohlin模型中，可变的劳动力供给可能导致反常的价格产出反应。本文试图评估这种反常现象的经验可能性，而不是理论可能性。使用一系列合理的参数值，我们得出结论，与模型动态稳定性一致的反常价格-产出响应的情况，尽管在理论上是可能的，但在实践中不太可能出现。
Previous writers have shown that variable labour supply may lead to perverse price output responses in the two-sector Heckscher-Ohlin model. This note attempts to assess the empirical likelihood, as opposed to the theoretical possibility, of such perversities. Using a range of plausible parameter values, we conclude that cases of a perverse price-output response consistent with dynamic stability of the model, though theoretically possible, are unlikely to arise in practice.