Product Market Integration, Comparative Advantages and Labour Market Performance

OPEN ARCHIVE

Union Jack
Dannebrog

Product Market Integration, Comparative Advantages and Labour Market Performance

Show simple item record

dc.contributor.author Andersen, Torben M. en_US
dc.contributor.author Rose Skaksen, Jan en_US
dc.date.accessioned 2009-02-04T10:27:57Z
dc.date.available 2009-02-04T10:27:57Z
dc.date.issued 2004-12-08T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/7655
dc.description.abstract In this paper, we set up a two-country general equilibrium model where trade unions have wage bargaining power. We show that a decrease in trade distortions inducing further product market integration gives rise to specialization gains as well as a labour market reform effect. The implications of the specialization gains are similar to an increase in labour productivity, whereas the labour market reform effect is similar to an increase in the degree of competition in the labour market. Wages, employment and welfare increase as a result of further product market integration. It is interesting to note that the labour market reform effect of product market integration is achieved despite an increase in the wage level. JEL Classification: F15, J30, J50. Keywords: Trade frictions, wage formation, employment, welfare gains. en_US
dc.format.extent 29 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working paper;2004-008 en_US
dc.subject.other kep en_US
dc.title Product Market Integration, Comparative Advantages and Labour Market Performance en_US
dc.type wp en_US
dc.accessionstatus modt04dec07 miel en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Økonomisk institut en_US
dc.contributor.departmentshort ECON en_US
dc.contributor.departmentuk Department of Economics en_US
dc.contributor.departmentukshort ECON en_US
dc.idnumber x656444540 en_US
dc.publisher.city København en_US
dc.publisher.year 2004 en_US


Creative Commons License This work is licensed under a Creative Commons License.

Files Size Format View
wpec082004.pdf 303.0Kb PDF View/Open

This item appears in the following Collection(s)

Show simple item record