Journal article
Foreign competition and wage inequality
- Abstract:
- 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.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Access Document
- Files:
-
-
(Preview, Accepted manuscript, pdf, 176.1KB, Terms of use)
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- Publisher copy:
- 10.1111/1467-9396.00358
Authors
- Publisher:
- Blackwell Publishing
- Journal:
- Review of International Economics More from this journal
- Volume:
- 10
- Issue:
- 4
- Pages:
- 680-693
- Publication date:
- 2002-11-01
- DOI:
- EISSN:
-
1467-9396
- ISSN:
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0965-7576
- Language:
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English
- Keywords:
- Subjects:
- UUID:
-
uuid:cdad9c6e-c33e-4b24-b230-f2308234745f
- Local pid:
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ora:2130
- Deposit date:
-
2008-06-27
Terms of use
- Copyright holder:
- Blackwell Publishers Ltd
- Copyright date:
- 2002
- Notes:
- Citation: Neary, J. P. (2002). 'Foreign competition and wage inequality', Review of International Economics, 10(4), 680-693. The definitive version is available at http://dx.doi.org/10.1111/1467-9396.00358.
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