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020 _a9780691125596
082 _a331.1372 DAV
100 _a"Matusz, Steven J"
245 0 _aInternational trade with equilibrium unemployment / by Carl Davidson and Steven J.Matusz
260 _aNew Jersey
260 _bPriceton University Press
260 _c2010
300 _a412p.
365 _b9000
365 _dRS
520 _aWhile most standard economic models of international trade assume full employment, Carl Davidson and Steven Matusz have argued over the past two decades that this reliance on full-employment modeling is misleading and ill-equipped to tackle many important trade-related questions. This book brings together the authors' pioneering work in creating models that more accurately reflect the real-world connections between international trade and labor markets. The material collected here presents the theoretical and empirical foundations of equilibrium unemployment modeling, which the authors and their collaborators developed to give researchers and policymakers a more realistic picture of how international trade affects labor markets, and of how transnational differences in labor markets affect international trade. They address the shortcomings of standard models, describe the empirics that underlie equilibrium unemployment models, and illustrate how these new models can yield vital insights into the relationship between international trade and employment. This volume also includes an indispensable general introduction as well as concise section introductions that put the authors' work in context and reveal the thinking behind their ideas.
650 _aInternational trade
942 _cB
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