KCI등재
학술저널
Wage Differential, the Price of Services and Welfare
Wage Differential, the Price of Services and Welfare
- Chi Chur Chao Eden S. H. Yu
- 세종대학교 경제통합연구소
- Journal of Economic Integration
- 제7권 제2호
- 등재여부 : KCI등재
- 1992.09
- 204 - 216 (13 pages)
A three-goods general equilibrium model is developed to examine the effect of economic growth on the price of services and welfare for poor and rich countries. The presence of intersectoral wage differentials provides an alternative explanation for the lower price of services in poor countries. The price of services is shown to play a central role in determining the welfare effect of economic growth.