Article ID Journal Published Year Pages File Type
962336 Journal of International Economics 2013 15 Pages PDF
Abstract
► We quantify the full transition path of an economy, following trade-liberalization. ► Calibrated simulations are undertaken for China and India. ► In both countries the skill premium rises on impact but falls in the long run. ► Tariff reductions can also generate significant human capital accumulation. ► Trade liberalization generates “pro-poor” growth in both countries.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Trade, wages and skill accumulation in the emerging giants
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