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Essays on trade and factor markets.
~
Wang, Xin.
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Essays on trade and factor markets.
紀錄類型:
書目-電子資源 : Monograph/item
正題名/作者:
Essays on trade and factor markets./
作者:
Wang, Xin.
面頁冊數:
178 p.
附註:
Source: Dissertation Abstracts International, Volume: 77-10(E), Section: A.
Contained By:
Dissertation Abstracts International77-10A(E).
標題:
Economic theory. -
電子資源:
http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10108764
ISBN:
9781339720999
Essays on trade and factor markets.
Wang, Xin.
Essays on trade and factor markets.
- 178 p.
Source: Dissertation Abstracts International, Volume: 77-10(E), Section: A.
Thesis (Ph.D.)--University of Colorado at Boulder, 2016.
This dissertation consists of three chapters investigating different aspects of factor markets and their interaction with trade. The first chapter discusses how globalization affects welfare by reallocating labor across firms, sectors and space when factor markets are distorted. It incorporates a traditional agriculture sector into the trade literature with heterogeneous firms, matching frictions and asymmetric regions in terms of their geographical locations. The model predicts that a reduction in trade impediments reallocates market share towards more productive producers, encourages firms to post more vacancies, and induces workers to migrate towards the manufacturing sector and towards the coastal regions. In addition, falls in trade barriers exacerbate existing distortions caused by matching frictions but decrease misallocation of labor across sectors and space, which implies potential welfare impacts of trade through changes in labor market efficiency.
ISBN: 9781339720999Subjects--Topical Terms:
1556984
Economic theory.
Essays on trade and factor markets.
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Source: Dissertation Abstracts International, Volume: 77-10(E), Section: A.
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Thesis (Ph.D.)--University of Colorado at Boulder, 2016.
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In the second chapter, I analyze how trade cost reductions raise skill premium and human capital investment in developing countries by building a dynamic general equilibrium model featured with endogenous human capital accumulation and production fragmentation. The simulation results show that when production fragmentation is allowed, trade cost reductions may lead to a convergence in skill premium and factor endowments across countries. In addition, the trade-induced increases in skill premium raise human capital investment, which depresses returns to education over time. I then examine the theoretical predictions in the context of China's trade reform in 1978.
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The last chapter is a joint work with Wolfgang Keller and Carol Shiue. In this chapter, my coauthors and I employ an asset-pricing model to estimate interest rates and compare capital market development in Britain and China with the most comprehensive grain prices available. The estimated interest rates for Britain were at least 28% lower than those for China during 1770-1860. In addition, we analyze the integration of capital markets by examining the correlation of interest rates across regions with varying geographic distances. We find that the regional integration of capital markets in Britain was substantially higher than in China. Our results suggest that capital market performance may have been important to explain the divergence in incomes across countries in the 18th and 19th century.
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http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10108764
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