期刊名称：Departmental Discussion Papers / University of Glasgow, Department of Economics
出版年度：2010
卷号：1
DOI：1Department of Economics, Adam Smith Building, Glasgow, G12 8RT.
出版社：University of Glasgow, Department of Economics
摘要：We consider a general equilibrium model a la Bhaskar (Review of Economic
Studies 2002): there are complementarities across sectors, each of which com-
prise (many) heterogenous monopolistically competitive .rms. Bhaskar.s model
is extended in two directions: production requires capital, and labour markets
are segmented. Labour market segmentation models the di¢ culties of labour
migrating across international barriers (in a trade context) or from a poor region
to a richer one (in a regional context), whilst the assumption of a single cap-
ital market means that capital .ows freely between countries or regions. The
model is solved analytically and a closed form solution is provided. Adding
labour market segmentation to Bhaskar.s two-tier industrial structure allows
us to study, inter alia, the impact of competition regulations on wages and .-
nancial .ows both in the regional and international context, and the output,
welfare and .nancial implications of relaxing immigration laws. The analytical
approach adopted allows us, not only to sign the e¤ect of policies, but also to
quantify their e¤ects. Introducing capital as a factor of production improves
the realism of the model and re.nes its empirically testable implications.
关键词：market segmentation, monopolistic competition, industry com-
petition, regional competition, capital .ows
