Sector Specific Minimum Wages and the Theory of Customs Unions

Hamid Beladi and Subarna Samanta

Scottish Journal of Political Economy, 1990, vol. 37, issue 2, 184-92

Abstract: The purpose of this paper is to examine the welfare implications of traditional customs unions in a Harris-Todaro type of economy. In this context, the authors show, among other things, that, in the Harris-Todaro type of economy, the welfare implications of trade diversion I is ambiguous, while trade creation I and trade creation II are welfare improving. Copyright 1990 by Scottish Economic Society.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:bla:scotjp:v:37:y:1990:i:2:p:184-92

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