Imperfect Competition And Political Economy
Imperfect Competition And Political Economy

Author: Colin Carter

Publisher: CRC Press

Published: 2019-04-24

Total Pages: 270

ISBN-13: 0429694474

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This book presents International Agricultural Trade Research Consortium commissioned papers. The papers systematically explore the conceptual and empirical dimensions of the new trade theory and try to determine the potential application to agricultural trade and trade policy analysis.

MEXAGMKTS
MEXAGMKTS

Author: Gerald T. O'Mara

Publisher: World Bank Publications

Published: 1990

Total Pages: 66

ISBN-13:

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Trade Liberalization and Wage Inequality
Trade Liberalization and Wage Inequality

Author: Ms.Prachi Mishra

Publisher: International Monetary Fund

Published: 2005-01-01

Total Pages: 44

ISBN-13: 1451860390

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We evaluate empirically the impact of the dramatic 1991 trade liberalization in India on the industry wage structure. The empirical strategy uses variation in industry wage premiums and trade policy across industries and over time. In contrast to earlier studies on developing countries, we find a strong, negative, and robust relationship between changes in trade policy and changes in industry wage premiums over time. The results are consistent with liberalization-induced productivity increases at the firm level, which get passed on to industry wages. Since tariff reductions were proportionately larger in sectors that employ a larger share of unskilled workers, the increase in wage premiums in these sectors implies that unskilled workers experienced an increase in their relative incomes. Thus, our findings suggest that trade liberalization has led to decreased wage inequality in India.