دانلود مقاله ISI انگلیسی شماره 1710
عنوان فارسی مقاله

تجارت و تخصیص استعداد با کاستی های بازار سرمایه

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
1710 2013 15 صفحه PDF سفارش دهید 17900 کلمه
خرید مقاله
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عنوان انگلیسی
Trade and the allocation of talent with capital market imperfections
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of International Economics, Volume 89, Issue 1, January 2013, Pages 187–201

کلمات کلیدی
آزاد سازی تجارت - ناهمگونی استعداد - مهارت برتر - اصطکاک های اعتبار بازار
پیش نمایش مقاله
پیش نمایش مقاله تجارت و تخصیص استعداد با کاستی های بازار سرمایه

چکیده انگلیسی

Trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries. This is in apparent conflict with neoclassical theory, according to which trade should decrease the relative return on the relatively scarce factor, and thus decrease the skill premium in skill-scarce developing countries. We develop a simple model of trade with talent heterogeneity and capital market imperfections, and show that trade can increase the skill premium in a skill-scarce South that opens up to a skill-abundant North, both in the short run as well as in the long run. We show that trade has two effects: it reduces the skilled wage, and therefore drives non talented agents out of the skilled labor force. It also reduces the cost of subsistence, thereby allowing the talented offspring of unskilled workers to go to school. This compositional effect has a positive effect on the observed skill premium, potentially strong enough to outweigh the decrease in the skilled wage. In our framework, trade liberalization may trigger an increase in the skill-premium in both the North and the South.

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