scholarly journals Comparative Advantage, Relative Wages, and the Accumulation of Human Capital

2003 ◽  
Author(s):  
Coen N. Teulings
Keyword(s):  
Human Capital ◽  
Comparative Advantage ◽  
Relative Wages

Reassessing the Export Competitiveness of Vietnam

2019 ◽  
Vol 5 (5) ◽  
pp. 539-549
Keyword(s):  
Human Capital ◽  
Comparative Advantage ◽  
Value Added ◽  
Industry Trade ◽  
Export Competitiveness

In this paper, primarily the export specialisation pattern of Vietnam has been examined from the perspective of domestic value added exports. In addition, an effort has been made to identify presence of exaggeration in gross exports measures of industries level competitiveness. Empirical findings suggest that the export specialisation of Vietnam has reversed, and there is presence of exaggeration in the estimates of comparative advantage of ‘human capital and technology intensive’ industries that has also caused in ballooning up their shares in gross exports. Such pattern has arisen because intra-industry trade has become increasingly significant in Vietnam. Received 11th March 2019; Revised 17th October 2019, Accepted 20th October 2019

scholarly journals Can South Africa sustain and diversify its exports?

2016 ◽  
Vol 19 (2) ◽  
pp. 249-263 ◽  
Author(s):  
Marianne Matthee ◽  
Ernst Idsardi ◽  
Waldo Krugell
Keyword(s):  
South Africa ◽  
Human Capital ◽  
Comparative Advantage ◽  
Export Growth ◽  
Intensive Margin ◽  
Manufactured Products ◽  
Low Levels

The aim of this paper is to examine the diversification of South Africa’s exports over the period 1994 to 2012. A decomposition of export growth shows that exports of non-fuel primary commodities as well as medium-skill and technology-intensive manufactured products increased. The largest decrease was in the export of resource-intensive manufactures. These changes reflect South Africa’s endowment of relatively low levels of physical and human capital. The analysis shows that export products that are further from the country’s comparative advantage, make smaller contributions to growth in the intensive margin. It clearly shows the challenge of sustainably diversifying the export basket.

scholarly journals Factor Proportions and Relative Wages: The Supply-Side Determinants of Wage Inequality

1997 ◽  
Vol 11 (2) ◽  
pp. 55-74 ◽  
Author(s):  
Robert H Topel
Keyword(s):  
Human Capital ◽  
Young People ◽  
Labor Force Participation ◽  
Wage Inequality ◽  
Capital Investment ◽  
Supply Side ◽  
High Wage ◽  
Relative Wages ◽  
Women's Participation ◽  
Supply Side Factors

Supply-side factors may contribute to rising wage inequality. First, certain changes in the supply of skills allegedly exacerbate wage inequality. Women's increased labor force participation and increased immigration are the leading candidates; both allegedly reduce the wages of less-skilled men. However, immigration's impact on wage inequality has been minor and the effects of women's participation is inconclusive. Second, in evaluating the likelihood that human capital investment will mitigate future inequality, evidence suggests that rising returns to education have increased the proportion of young people attending college, limiting the growth of inequality among high-wage workers.

scholarly journals Atkinson-Stiglitz Theorem with Endogenous Human Capital Accumulation

2007 ◽  
Vol 7 (1) ◽  
Author(s):  
Hisahiro Naito
Keyword(s):  
Resource Allocation ◽  
Human Capital ◽  
Labor Market ◽  
Comparative Advantage ◽  
Capital Accumulation ◽  
Human Capital Accumulation ◽  
High Ability ◽  
Commodity Taxation ◽  
Optimal Commodity Taxation ◽  
Optimal Commodity

Abstract Recently, researchers have started to re-examine the so-called Atkinson-Stiglitz theorem on optimal commodity taxation. The essence of such research is to examine whether or not it is optimal to distort markets other than the labor market for achieving the second-best resource allocation. I examine this theorem by introducing the comparative advantage of human capital accumulation. More specifically, I assume that people with high ability obtain a higher return from skilled human capital accumulation than people with low ability. I explore the implication of this comparative advantage of human capital accumulation for the Atkinson-Stiglitz theorem on optimal commodity taxation.

Sign in / Sign up

Export Citation Format

Share Document