Trade, Technology, and Income Distribution

Ronald Jones

Chapter 10 in International Trade Theory and Competitive Models:Features, Values, and Criticisms, 2018, pp 153-166 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The functional distribution of income can be affected by price changes in international markets, by changes in technology which may be biased in factor saving, and by reductions in cost which allow vertically-integrated production processes to be fragmented and spread over several countries. Simple 2 × 2 Heckscher–Ohlin models yield predictions about income distribution which are at odds with frameworks allowing a wider variety of commodities to be produced and traded. In this framework a country losing out in labor-intensive segment of production to foreign competition may experience increases in real wages.

Keywords: International Trade Theory; Models; Competitive Markets (search for similar items in EconPapers)
JEL-codes: R10 (search for similar items in EconPapers)
Date: 2018
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Journal Article: Trade, Technology and Income Distribution (1997)
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