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SCOPUS 학술저널

A Note on the Employment Effects of an Export Boom

A Note on the Employment Effects of an Export Boom

This paper utilizes the Heckscher-Ohlin type model with unemployment and non-traded goods to examine the effect of an export boom on the real exchange rate, sectoral outputs, unemployment, factor incomes and welfare. It is demonstrated that in the presence of unemployment ``Dutch Disease`` type results critically depend on the relative factor intensities of the export and import-competing sectors. In a distortionary setting the issue of ``Dutch Disease`` needs to be explored empircally via the use of computable general equilibrium models so that the ambiguities can be resolved case by case.

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