Schumpeterian unemployment, trade and wages☆
Schumpeterian unemployment, trade and wages☆
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熊彼特式的失业、贸易和工资☆
DOI:
10.1016/s0022-1996(00)00086-6
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发表时间:
2001
影响因子:
3.3
通讯作者:
Fuat Şener
中科院分区:
文献类型:
--
作者:
Fuat Şener
This paper develops a dynamic general equilibrium model of R&D-generated growth without scale effects and knowledge-based trade of higher quality products between two structurally-identical countries. A product replacement mechanism coupled with a time-consuming job-matching process generates Schumpeterian unemployment. A global reduction in tariffs stimulates innovation and growth. It also raises the relative wage of skilled workers, motivating more individuals to undergo skill upgrading. In addition, trade liberalization increases the unemployment rate of unskilled labor, but has an ambiguous effect on the economy-wide unemployment rate.