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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/18945
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| Title: | | Trade and development in a labor surplus economy  |
| Authors: | | Barbier, Edward B. Rauscher, Michael |
| Issue Date: | | 2005 |
| Series/Report no.: | | CESifo working papers 1481 |
| Abstract: | | This paper looks at a model in which two countries trade agricultural and manufactured commodities. The manufactured-goods sector produces with increasing returns to scale under conditions of monopolistic competition. It is shown that an increase in land endowment (or an increase in agricultural productivity) can have negative welfare implications for both countries. This outcome can result under three different scenarios: asymmetries across countries, i.e. a North-South model, a neoclassical labor market in the home country's instead of a Lewisian market, and alternative utility functions. |
| Subjects: | | international trade labor surplus economy land expansion monopolistic competition North-South model |
| JEL: | | J61 F12 O18 O15 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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