Correct Measure of Liberalization ? ” by Brian
نویسنده
چکیده
This section closely follows Jones (1975), but deviates from that paper’s result by allowing the amount of labor available to the regional economy to vary. Consider a particular region, r, suppressing that subscript on all terms. Industries are indexed by i = 1...N . L is the total amount of labor and Ti is the amount of industry i-specific factor available in the region. aLi and aT i are the respective quantities of labor and specific factor used in producing one unit of industry i output. Letting Yi be the output in each industry, the factor market clearing conditions are (A1) aT iYi = Ti ∀i,
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