Since the Harris-Todaro model was proposed in 1970,it has played a crucial role in analyzing various environmental and trade issues in developing countries.This paper analyzes the effects of the amount of public inter...Since the Harris-Todaro model was proposed in 1970,it has played a crucial role in analyzing various environmental and trade issues in developing countries.This paper analyzes the effects of the amount of public intermediate goods provided by the government,the increase in the fixed wage rate in the urban sector,and the changes in the relative international prices of agricultural and manufacturing goods on labor employment,unemployment,and the economic welfare in the context of a small open economy.It also proposes relevant policies to reduce the unemployment rate while improving national welfare.展开更多
We estimate the effect of exports to China on local employment in South Korea,exploiting variations in trade and employment across 220 South Korean municipalities between 2007 and 2017.To identify the effect of export...We estimate the effect of exports to China on local employment in South Korea,exploiting variations in trade and employment across 220 South Korean municipalities between 2007 and 2017.To identify the effect of exports on employment,we use a novel instrument:China's exports to the US.This isolates the demand-side factors for South Korean exports to China from the supply-side factors that lead to biased estimations using ordinary least squares regressions.The results of a two-stage least squares estimation using municipality-level data confirm that increased exports to China contribute to a rise in employment in South Korean local labor markets.This effect occurs mostly in the service and construction industries rather than in the manufacturing sector.展开更多
文摘Since the Harris-Todaro model was proposed in 1970,it has played a crucial role in analyzing various environmental and trade issues in developing countries.This paper analyzes the effects of the amount of public intermediate goods provided by the government,the increase in the fixed wage rate in the urban sector,and the changes in the relative international prices of agricultural and manufacturing goods on labor employment,unemployment,and the economic welfare in the context of a small open economy.It also proposes relevant policies to reduce the unemployment rate while improving national welfare.
基金supported by a research grant from Incheon National University.
文摘We estimate the effect of exports to China on local employment in South Korea,exploiting variations in trade and employment across 220 South Korean municipalities between 2007 and 2017.To identify the effect of exports on employment,we use a novel instrument:China's exports to the US.This isolates the demand-side factors for South Korean exports to China from the supply-side factors that lead to biased estimations using ordinary least squares regressions.The results of a two-stage least squares estimation using municipality-level data confirm that increased exports to China contribute to a rise in employment in South Korean local labor markets.This effect occurs mostly in the service and construction industries rather than in the manufacturing sector.
