期刊名称：Departmental Discussion Papers / University of Glasgow, Department of Economics
出版年度：2000
卷号：1
出版社：University of Glasgow, Department of Economics
摘要：This paper uses a model of trade in vertically differentiated products to examine the
effects of "excessive wage" increases (i.e. above productivity) on the volume of
commodity imports. The model predicts that for commodities, in which the country
has comparative advantage in high quality varieties, an increase in "excessive wages"
may result in a decrease in the volume of imports. The empirical validity of the
model's predictions is demonstrated with the use of disaggregated Japanese import
data for the period 1967-95. We also find that the aggregate volume of Japanese
imports is not responsive to "excessive wage" changes.
