著者

WOLFGANG MAYER

出版者

JAPANESE ECONOMIC ASSOCIATION

雑誌

The Economic Studies Quarterly (ISSN:0557109X)

巻号頁・発行日

vol.41, no.2, pp.97-114, 1990-06-20 (Released:2007-10-19)

参考文献数

14

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This paper adopts a non-Walrasian formulation of the labor market, as suggested by Arrow, Negishi, and Hahn, and constructs a general equilibrium trade model in which unemployment occurs although wage rates adjust. The purpose of the study is to examine the effectiveness of various trade policies on unemployment in different sectors and on income received by factor owners. Different assumptions about intersectoral mobility of both labor and capital are introduced, with the implication that policies which seem to fight sectoral unemployment in the short run might lead to higher unemployment in the long run. Concerning endowment changes, if a country experiences an inflow of labor, this will raise unemployment rates only temporarily, but leave them unchanged in the long run. Finally, the impact of tariffs on factor returns in unemployed industries is limited to short-run effects, while endowment changes have no impact on factor returns in either short or long run.