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Asian Expansion and Labor-Saving Technical Change: Factor Market Effects and Policy Reactions

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Asian Expansion and Labor-Saving Technical Change: Factor Market Effects and Policy Reactions
Author(s)McDougall, Robert; Tyers, Rod
AbstractThe Global Trade Analysis Project global economy model was used to analyze how East Asia’s fast growth rate affects the factor markets of developed nations. The model compares the region with economies that have adopted technology to reduce labor requirements. Biased technological advancements were found to be the primary stimulants of changing wage structures, while trade was shown to have a strong effect on agriculture. The agricultural sector stands to lose more if it opposes protectionism.
IssueNo5
Pages1111-1118
ArticleAccess to Article
SourceAmerican Journal of Agricultural Economics
VolumeNo76
PubDateDecember1994
ISBN_ISSN0002-9092


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