international factor...
TRANSCRIPT
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International Factor Movements
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I. Introduction
A. Labour and capital movements
B. Incidence has increased over time.
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C. Examine effects for a small open economy (SOE)
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II. Short-Run Effects
A. Brief Review of Specific-Factors Model
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B. Consider movement of the non-specific factor from the ROW
to H
(i). Effect on real factor prices
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(ii). Effect on outputs
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(iii). Two case studies
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Figure 5.3 Wages in Europe and the New WorldFeenstra and Taylor: International Economics, First EditionCopyright © 2008 by Worth Publishers
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(iv). Welfare effects
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Table 5.5 Gains from ImmigrationFeenstra and Taylor: International Economics, First EditionCopyright © 2008 by Worth Publishers
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C. Consider movement of a specific factor from the ROW to H
(i). Effects on real factor prices
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(ii). Effect on Outputs
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(iii). Effect on Welfare
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D. Long-Run Effects
(i). Brief Review of Heckscher-Ohlin(-Samuelson) Model
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(ii). Effect on real factor prices
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(iii). Effect on Outputs
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(iv). Effect on Welfare
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