グローバリゼーションの厚生分析

概要

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This paper analyses the welfare effect of globalization. One of the merits of international trade is the effective production of goods, i. e., besides the comparative advantage theory by David Ricardo, the world can produce more goods under free trade in sum, when the production technology is increasing return to scale. However, the increasing return technology is seen only in the manufacturing sector, not in the agricultural sector. Hence, as shown by Adam Smith, it might be beneficial to specialize in the former. When the labor in the manufacturing country comes short, the wage rate begins to increase and the income gap between the countries expands. This shows that manufacturing country is advantageous because, it can derive more goods from the agricultural country. From the standpoint of the latter country, we examine whether the globalization is beneficial or not. We derive that when the expenditure rate on the manufactured good is large, then the globalization is not beneficial.
関西学院大学の論文
2004-03-20