Publications
Detailed Information
Direct Democracy and Labour Standards of a Small Open Economy
Cited 0 time in
Web of Science
Cited 0 time in Scopus
- Authors
- Issue Date
- 2006-10
- Citation
- Seoul Journal of Economics, Vol.19 No.4, pp. 405-438
- Keywords
- Median voter theorem ; Endogenous labour standard ; Globalization
- Abstract
- This paper investigates the controversial relationship between
labour standards and globalisation within a 2×2 Heckscher-
Ohlin-Mayer political-economy trade model. We adopt the median
voter model to characterise the labour standards chosen under
majority voting. We found that labour standards are more lax in
economies with large income inequalities. More importantly, we
also show that globalisation may or may not promote stricter
labour standards depending on the factor abundance of each
country. Thus, a race to the bottom is not an necessary
implication of globalisation.
- ISSN
- 1225-0279
- Language
- English
- Files in This Item:
Item View & Download Count
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.