Permalink : http://hdl.handle.net/2115/43260

KEYWORDS : Ricardian theory of comparative costs;Pasinettian economic system of pure labor;skilled and unskilled labor;adjustment of disequilibrium in international trade

Population with a higher education increasing, a cleavage between skilled labor and unskilled labor has emerged in newly industrialized economies as well as industrialized economies. This phenomenon leads economists to extend a theory of comparative costs for international trade among dual-labor economic systems. This study attempts to apply a Pasinettian model with dual-labor to a Ricardian theory of comparative costs.