Economic Integration of High-Wage and Low-Wage Economics

高工资国家和低工资国家部分一体化的情况已经并将继续有相当多的情况发生。从20世纪50年代开始，美国和日本在经济上的相互依存度越来越高，S就是一个例子。高工资的欧洲共同体增加了爱尔兰、西班牙、希腊和葡萄牙。最近出现了西德和东德的一体化，以及整个西欧和东欧的一体化。此外，美国和墨西哥的一体化程度越来越高，美国与拉丁美洲其他国家的部分一体化也是如此。该项目从理论和实证两方面研究了高工资国家和低工资国家部分经济一体化的后果。目标是了解当两个或更多工资不同的地区部分或完全一体化时，产出组合、要素回报、就业、失业和价格会发生什么。这项研究的一个贡献将是评估相互竞争的模型作为理解部分经济一体化的工具的价值。将考虑各种不同的经济模式，这些模式在关于产业之间和国家之间的要素流动程度、生产过程的性质以及商品和要素市场的竞争特征的假设方面有所不同。该项目的另一个贡献将是评估各种政策措施对一体化期间经济体表现的影响。可能的政策措施包括孤立主义商业政策、产业补贴、失业补偿、调整援助和教育补贴。

There have been and continue to be a remarkable number of cases in which high-wage and low-wage countries have become partially integrated. The increasing economic interdependence of the U.S. and Japan beginning in the 1950's is one example. The high-wage European community has added Ireland, Spain, Greece and Portugal. More recently there is the integration of West and East Germany; and of Western and Eastern Europe generally. Also there is the increasing integration of the U.S. and Mexico and the partial integration of the U.S. with the rest of Latin America. This project studies theoretically and empirically the consequences of partial economic integration of high-wage and low-wage countries. The goal is to understand what happens to output mix, factor returns, employment, unemployment, and prices as two or more regions with different wages are partially or fully integrated. One contribution of this research will be an assessment of the value of competing models as vehicles for understanding partial economic integration. A variety of different economic models will be considered, differing in terms of their assumptions regarding the degree of factor mobility between industries and between countries, the nature of the production process and the character of competition in goods and factor markets. Another contribution of this project will be the assessment of the impact of various policy measures on the performance of an economy in the midst of an integration episode. The possible policy measures include isolationist commercial policy, industrial subsidies, unemployment compensation, adjustment assistance, and educational subsidies.