The Experts below are selected from a list of 297 Experts worldwide ranked by ideXlab platform
Futoshi Yamauchi - One of the best experts on this subject based on the ideXlab platform.
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Rising Real Wages, mechanization and growing advantage of large farms: Evidence from Indonesia
Food Policy, 2016Co-Authors: Futoshi YamauchiAbstract:This paper examines dynamic patterns of land use, capital investments and Wages in agriculture using farm panel data from Indonesia. The empirical analysis shows that with an increase in Real Wages that prevailed in both agricultural and non-agricultural sectors in rural areas, relatively larger farmers increased the size of operational farm land by renting in land as well as used more hired-in machines through machine rental and/or service providers, which induces the substitution of labor by machines. Machines and land are complementary and, consistently, the inverse farm size-productivity relationship tends to be reversed among relatively large holders. The results support growing (diminishing) advantage of large (small) farms in the presence of rapidly rising Real Wages and have food security policy implications to many Asian countries where Real Wages are rapidly rising and small farms are predominant.
Tony Aspromourgos - One of the best experts on this subject based on the ideXlab platform.
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‘Universal opulence’: Adam Smith on technical progress and Real Wages
The European Journal of the History of Economic Thought, 2010Co-Authors: Tony AspromourgosAbstract:Abstract This paper first considers the character of Smith's account of division of labour as a theory of technical progress. In so far as Smith's account does entail a vision of liberal or competitive commercial society as exhibiting ongoing technical progress, this must have implications for income distribution through time. The paper therefore also considers, in particular, Smith's conception of the course of Real Wages in competitive commercial society, and how this connects with his view of technical progress. A reconciliation of Smith's theory of Real Wages and his prediction of high and rising Real Wages over time is suggested.
Sethaput Suthiwart-narueput - One of the best experts on this subject based on the ideXlab platform.
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Preferential Trading and Real Wages
1998Co-Authors: Arvind Panagariya, Sethaput Suthiwart-narueputAbstract:Following the Stolper-Samuelson type of logic, the general impression is that freeing up trade, whether preferentially as in the North American Free Trade Agreement (NAFTA) or on a nondiscriminatory basis as in the Uruguay Round, must lower Real Wages in one set of countries and raise them in the other set of countries. This paper shows that even within a standard three-country, three-good, small-union model, preferential trade liberalization can lead to increased Real Wages in both partner countries without necessarily relying on terms of trade improvements, increasing returns, complete specialization, or asymmetries in production technology.
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Preferential Trading and Real Wages
Review of International Economics, 1998Co-Authors: Arvind Panagariya, Sethaput Suthiwart-narueputAbstract:Following the Stolper–Samuelson type of logic, the general impression is that freeing up trade, whether preferentially as in the North American Free Trade Agreement (NAFTA) or on a nondiscriminatory basis as in the Uruguay Round, must lower Real Wages in one set of countries and raise them in the other set of countries. An increase in the Real wage in all countries as a result of freeing up of trade either relies on gains via an improvement in the terms of trade or requires special assumptions such as increasing returns, complete specialization or asymmetries in production technology. This paper shows that even within a standard three-country, three-good, small-union model, preferential trade liberalization can lead to increased Real Wages in both partner countries without necessarily relying on terms-of-trade improvements, increasing returns, complete specialization, or asymmetries in production technology.
Hamid Beladi - One of the best experts on this subject based on the ideXlab platform.
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Foreign Direct Investment, Non-Traded Goods and Real Wages
Pacific Economic Review, 2011Co-Authors: Reza Oladi, John Gilbert, Hamid BeladiAbstract:Using a three-sector general equilibrium model with non-traded goods, we investigate the impact of foreign direct investment on the Real Wages of skilled and unskilled workers. We show that foreign direct investment increases the Real Wages of skilled and unskilled workers alike, but widens the gap between the two under plausible conditions.
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Foreign Direct Investment, Non‐Traded Goods and Real Wages
Pacific Economic Review, 2011Co-Authors: Reza Oladi, John Gilbert, Hamid BeladiAbstract:Using a three-sector general equilibrium model with non-traded goods, we investigate the impact of foreign direct investment on the Real Wages of skilled and unskilled workers. We show that foreign direct investment increases the Real Wages of skilled and unskilled workers, but widens the gap between the two under plausible conditions.
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Foreign Direct Investment, Non-traded Goods and Real Wages
2008Co-Authors: Reza Oladi, John Gilbert, Hamid BeladiAbstract:Using a three-sector general equilibrium model with non-traded goods, we investigate the impact of foreign direct investment on the Real Wages of skilled and unskilled workers. We show that foreign direct investment increases the Real Wages of skilled and unskilled workers, but widens the gap between the two under plausible conditions.
Ekaterina Khaustova - One of the best experts on this subject based on the ideXlab platform.
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Russian Real Wages before and after 1917
Explorations in Economic History, 2019Co-Authors: Robert C. Allen, Ekaterina KhaustovaAbstract:Abstract The paper measures Real Wages in St Petersburg, Moscow, and Kursk over 1853-1937. Workers in construction and large scale industry are studied. For the imperial period and the NEP, new series of prices are collected from archival and printed sources, and these radically revise previous measures of inflation. Russian living standards grew little between 1853 and 1913, but doubled between 1913 and 1928 due to the exchange rate, price, and employment policies followed by the regime. Real Wages dropped to their pre-War level between 1928 and 1937, as the social surplus was mobilized for the industrialization drive.
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Russian Real Wages Before and After 1917: in Global Perspective
2017Co-Authors: Robert C. Allen, Ekaterina KhaustovaAbstract:The paper measures Real Wages in St Petersburg, Moscow, and Kursk between 1853 and 1937 and compares them to Real Wages in Boston, Manchester, Bombay, and Cairo. Russian living standards grew little between 1853 and 1913 and were like Egypt and India. Wages in the UK and USA were 2.5 - 5 times greater. Real Wages in Russia almost doubled between 1913 and 1928. When seen in a Russian perspective, this looks like a big advance; when seen internationally, it is much less so. Real Wages dropped to their pre-War level between 1928 and 1937 during the industrialization drive.
