Globalisation and wage differentials : a spatial analysis
Fingleton, B. and Baddeley, M. C. (2011) Globalisation and wage differentials : a spatial analysis. Manchester School, 79 (5). pp. 1018-1034. ISSN 1467-9957 (https://doi.org/10.1111/j.1467-9957.2011.02217.x)
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Fujita, Krugman and Venables (FKV) develop a model in which international wage differentials encourage industrial mobility. We argue that globalization has another important dimension. Shocks may originate in a single country but, with modern transportation and telecommunications media, shocks spread quickly and with multiple shocks complex spillovers will be generated. We assess these forces in an analysis of international wage convergence, identifying a non-linear relationship and showing that not all countries converge. Given that the FKV model omits many of the causes of non-convergence, our evidence further demonstrates that the FKV model could usefully be extended.
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Item type: Article ID code: 41418 Dates: DateEventSeptember 2011PublishedSubjects: Social Sciences > Economic Theory Department: Strathclyde Business School > Economics Depositing user: Pure Administrator Date deposited: 13 Oct 2012 08:59 Last modified: 11 Nov 2024 10:14 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/41418