Income distribution, factor endowments and trade revisited: The role of non-tradable goods
We revisit the theme of the distributive implications of international prices and trade policies, focusing on economies relatively abundant in natural resources. The existence of non-traded goods adds a domestic demand channel that operates on factor prices, in addition to the usual Stolper-Samuelso...
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| Autores principales: | , , |
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| Formato: | Artículo publishedVersion |
| Lenguaje: | Inglés |
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Instituto Interdisciplinario de Economía Política (IIEP UBA-CONICET)
2022
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| Acceso en línea: | https://ojs.economicas.uba.ar/DT-IIEP/article/view/2455 https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=dociiep&d=2455_oai |
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| Sumario: | We revisit the theme of the distributive implications of international prices and trade policies, focusing on economies relatively abundant in natural resources. The existence of non-traded goods adds a domestic demand channel that operates on factor prices, in addition to the usual Stolper-Samuelson effects. Depending on the configuration of the economy, we find diverse patterns in the response of factor earnings to international and policy shifts. The analysis relates to a number of long-standing concerns in developing economies, especially those of Latin America, and to the recent literature that has brought the role of international trade in shaping domestic social cleavages and policy tradeoffs back to the fore. |
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