"Wage Problems" and the Short-Run Effects of Opening a Small Economy: A Geometrical Analysis

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/2612 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/2612 http://eprints.org/relation/isCoversheetVersionOf https://pure.iiasa.ac.at/id/document/2612 archive 351 disk0/00/00/25/56 2016-01-15 01:55:24 2021-08-27 17:12:10 2016-01-15 01:55:24 monograph show 2 Franke J. "Wage Problems" and the Short-Run Effects of Opening a Small Economy: A Geometrical Analysis pub iis_ecn iis_met prog_est For a small country we analyze the effects of opening for trade on (sectoral and national) employment, production, profit and labor income, and on the country's welfare. We assume the sectoral capital inputs to be fixed. Moreover, the term 'short-run' denotes a time horizon in which wage rates have not yet reached their general competitive equilibrium values. We distinguish between several forms of wage rigidities (sectoral or general; downward or complete; in terms of different commodities and in terms of a constant-utility combination of commodities; rigidity of wage levels or sectoral wage differential). We try to draw a connection to the theory of temporary equilibrium with quantity rationing. 1984-05 published CP-84-021 CP-84-021 public collaborative_paper IIASA, Laxenburg, Austria 43 FALSE info:eu-repo/semantics/book