Upgrading labor quality, structural change, and economic development.: An article from: Atlantic Economic Journal

This digital document is an article from Atlantic Economic Journal, published by Atlantic Economic Society on June 1, 1995. The length of the article is 4728 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: Economic development involves fundamental structural changes that move resources from agriculture to industry, from low value-added to high value-added activities. In this paper, this basic theme in development economics is formalized in a simple model, comparable to the neoclassical model of trade and growth. In the proposed model, free trade realizes static efficiency of comparative advantage but tends to preserve the status quo in which the South trades primarily commodities for manufacturers with the North. Through facilitating accumulation of human capital, the trade policy that protects domestic high value-added activities may raise welfare in the long run. (JEL O1, F10)

Citation Details
Title: Upgrading labor quality, structural change, and economic development.
Author: Yingfeng Xu
Publication:Atlantic Economic Journal (Refereed)
Date: June 1, 1995
Publisher: Atlantic Economic Society
Volume: v23 Issue: n2 Page: p122(12)

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