Trade and factor prices under heterogeneous sector-specific skill adapting ability: A tribute to Ronald w Jones (Record no. 528474)
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| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Ganguly, Shrimoyee and Acharyya, Rajat |
| 245 ## - TITLE STATEMENT | |
| Title | Trade and factor prices under heterogeneous sector-specific skill adapting ability: A tribute to Ronald w Jones |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | Economic & Political Weekly |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 59(42), Oct, 19, 2024: p.63-70 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This paper reflects upon how the 1971 specific factor model of Ronald W Jones still holds its relevance in the face of growing within-country income inequality that has led to rising discontent for globalisation and underlying political tensions causing protectionist trends to make their way back slowly in many developing countries, including India. In a variation of this model with sector-specific skill requirement and endogenous supply of such skills as heterogeneous workers adapt to it through training, we examine how trade liberalisation affects political support from workers and the capitalists for an incumbent government. The Indian workforce with the heterogeneous ability to adapt skills specific to certain manufacturing sectors as the economy is undergoing a structural transition from agriculture to manufacturing in the present era of globalisation provides such a context. We also examine the political–economic implications of the government subsidising a part of the skill-adaptation cost of the workers. The working class as a whole may gain and thus extend their support to such a policy, whereas larger returns to capitalists create scope for financing the subsidy by taxing their incomes.- Reproduced https://www.epw.in/journal/2024/42/special-articles/trade-and-factor-prices-under-heterogeneous-sector.html |
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| Main entry heading | Economic & Political Weekly |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-12-06 | 59(42), Oct, 19, 2024: p.63-70 | AR133866 | 2024-12-06 | Articles |