Abstract

http://ssrn.com/abstract=2130943
 


 



The North-South HOS Model, Inequality and Globalization


Joël Hellier


EQUIPPE

January 2012

ECINEQ Working Paper Series 2012-244

Abstract:     
The predictions from the traditional North-South HOS approach are at variance with the main characteristics of the Inequality-Globalization nexus. It is shown that by modifying this model and relaxing some of its most restrictive assumptions, it is possible to generate these characteristics. Four series of extensions are analysed: 1) divergent factor endowments between the North and the South and growing size of the South; 2) labour market rigidities resulting from a minimum wage or from the fair wage hypothesis; 3) the introduction of technological differences between countries, of technological transfers, of technological catching up and of technological biases; 4) the inserting of production segmentation and international outsourcing. Further possible extensions are also discussed. The resulting augmented North-South HOS approach provides suitable modelling of the Inequality-Globalization nexus.

Keywords: Globalisation, H-O-S, Inequality, North-South model

JEL Classification: D33, E24, F16, J31

working papers series


Not Available For Download

Date posted: August 17, 2012  

Suggested Citation

Hellier, Joël, The North-South HOS Model, Inequality and Globalization (January 2012). ECINEQ Working Paper Series 2012-244. Available at SSRN: http://ssrn.com/abstract=2130943

Contact Information

Joël Hellier (Contact Author)
EQUIPPE ( email )
104, avenue du peuple Belge
Villeneuve d'Ascq Cedex, 59655
France
Feedback to SSRN


Paper statistics
Abstract Views: 123

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.218 seconds