Chapter 3Labor Productivity(劳动生产率) and Comparative.ppt

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1、 Chapter 3Labor Productivity（劳动生产率劳动生产率劳动生产率劳动生产率）and Comparative Advantage（比较优势比较优势比较优势比较优势）:The Ricardian Model（李嘉图模型李嘉图模型李嘉图模型李嘉图模型）1How important for Ricardian model?Ricardian model is basic,classical and most important one in theory of international trade.We can say that the modern internationa

2、l trade theory comes from the Ricardian Model.2David Ricardo April 18,1772 September 11,1823 David Ricardo had a varied upbringing.He was born in 1772 and was the third of 17 children.His parents were very successful and his father was a wealthy merchant banker.They lived at first in the Netherlands

3、 and then moved to London.3David himself had little formal education and went to work for his father at the age of 14.However,when,at the age of 21,he married a Quaker(against his parents wishes)he was disinherited and so set up on his own as a stockbroker.4He was phenomenally successful at this and

4、 was able to retire at 42 and concentrate on his writings and politics.Ricardo got elected into the British parliament in 1819 5 Chapter OrganizationThe Concept of Comparative AdvantageA One-Factor Economy（单一要素经济模型）单一要素经济模型）Trade in a One-Factor WorldMisconceptions(误解误解)About Comparative AdvantageCo

5、mparative Advantage with Many GoodsAdding Transport Costs and Nontraded Goods（非非贸易品）贸易品）Empirical（实证的）实证的）Evidence on the Ricardian Model6一、一、IntroductionWhy countries trade each other7 1、The Mercantilists According to the mercantilists(1500-1800),if a country could achieve a favorable trade balance

6、,it would enjoy payments received from the rest of the world in the form of gold and silver,it must promote its own interests.8 Tariffs,quotas,and other commercial policies were proposed by the mercantilists to minimize imports in order to protect a nations trade position.9 2、Absolute advantage (Ada

7、m Smith:17231790 -The Wealth of Nations)In a two-nation,two-product world,international trade and specialization will be beneficial when one nation had an absolute cost advantage in one good and the other nation has an absolute cost advantage in the other good.亚当亚当.斯密斯密10 For the world to benefit fr

8、om international division of labor,each nation must have a good that it is ablolutely more efficient in producing than its trading partner.A nation will import those goods in which it had an absolute cost disadvantage;it will export those goods in which it has an absolute cost advantage.113、Countrie

9、s engage in international trade for two basic reasons:They are different from each other in terms of climate,land,capital,labor,and technology.For example,China and U.S.They try to achieve scale economies in production,such as Boeing and airbus.124.The next four chapters develop tools to help us to

10、understand how differences between countries give rise to trade between them and why this trade is mutually beneficial.The essential concept in this analysis is that of comparative advantage.135.The Ricardian model is based on technological differences across countries.These technological difference

11、s are reflected in differences in the productivity of labor.14 1、The story about the Valentines day(情人节情人节)in the textbook The case of winter roses offers an excellent example of the reasons why international trade can be beneficial.二、二、The Concept of Comparative Advantage(page 10)15Hypothetical cha

12、nges in production162、Absolute AdvantageA country has an absolute advantage in a production of a good if it has a lower unit labor requirement(aLW 单位产品劳动投入单位产品劳动投入)than the foreign country in this good.17Table 1:Technology in the U.S.and the Japan Unit Labor DemandsCountry Wheat AutomobilesUnited St

13、ates 15 5Japan 2 1/101.Referring to Table 1,the United States has the absolute advantage in the production of:a)Wheatb)Automobilesc)Both wheat and automobilesd)Neither wheat nor automobilesThe exercise183、Opportunity Cost The opportunity cost of roses in terms of computers is the number of computers

14、 that could be produced with the same resources as a given number of roses.19Labor Required to make:In the U.S.In the R.O.W.1 television8 hours4 hours1 computer3 hours3 hours2.Referring to the table above,the opportunity cost of one television in the U.S.is:a.8/3 computer.b.3/8 computer.c.4/3 comput

15、er.d.3/4 computer.204、Comparative Advantage A country has a comparative advantage in producing a good if the opportunity cost of producing that good in terms of other goods is lower in that country than it is in other countries.213.Referring to the table above,the U.S has a comparative advantage in:

16、puters.225、The principle of comparative advantage:(The example in Table 2-1 illustrates)If each country exports the goods in which it has comparative advantage(lower opportunity costs),then all countries can gain from trade.23What determines comparative advantage?Answering this question would help u

17、s understand how country differences determine the pattern of trade.In order to reach a model of international trade,we must assume that we are dealing with a one-factor economy.24 三、三、A One-Factor Economy（page12）1、Assume that we are in a one-factor economy Labor is the only factor of production.Onl

18、y two goods(say wine and cheese)are produced.The supply of labor is fixed in each country.The productivity of labor in each good is fixed.Perfect competition prevails in all markets.25 The labor productivity is determined by unit labor requirements.The unit labor requirement is the number of hours o

19、f labor required to produce one unit of output,such as aLW(wine)and aLC(cheese)The economys total resources are defined as L,the total labor supply.2、The unit labor requirement （单位产品劳动投入）单位产品劳动投入）26 The opportunity cost is determined by production possibilities1)Production Possibilities:The producti

20、on possibility frontier(PPF)of an economy shows the maximum amount of a good(say wine)that can be produced for any given amount of another(say cheese).3、Production Possibilities frontier （生产可能性边界生产可能性边界）27 The PPF of our economy is given by the following equation:aLCQC(奶酪总量奶酪总量)+aLWQW(葡萄酒总量葡萄酒总量)L (

21、2-1)28L/aLWL/aLCFigure 2-1:Homes Production Possibility FrontierAbsolute value of slope equalsopportunity cost of cheese interms of wineFPHome wine production,QW,in gallonsHome cheese production,QC,in pounds292)The opportunity cost of cheese in terms of wine is aLC/aLW(how many wines could be produc

22、ed by aLC).304、Relative Prices（相对价格）相对价格）and Supply1)The particular amounts of each good produced are determined by prices.The relative price of good X is the amount of good Y that can be exchanged for one unit of good X.PC/PW Denote(表示表示)the relative price of cheese 312)The movement of labor to whi

23、chever sector pays the higher wages.If PC/aLC（小时工资）小时工资）PW/aLW,we can get PC/PW（相对价格）相对价格）aLC/aLW（机会成本）机会成本）.If PC/PW aLC/aLW,it will specialize in the production of cheese.If PC/PW aLC/aLW,it will specialize in the production of wine.32 If PC/PW=aLC/aLW ,both products will be produced.In the absenc

24、e of trade,both goods are produced,and therefore PC/PW=aLC/aLW Why?33 After we learned a one-factor economy,now we should deal with Trade in a One-Factor World-1+2+2 Model.四、四、Trade in a One-Factor World(P14)(单一要素世界中的贸易单一要素世界中的贸易)34 1、Assumptions of the model:There are two countries in the world.Eac

25、h of the two countries produces two goods.Labor is the only factor of production.The supply of labor is fixed in each country.The productivity of labor in each good is fixed.Labor is not mobile across the two countries.Perfect competition prevails in all markets.352、Absolute Advantage Assume that aL

26、C a*LC and aLW a*LW This assumption implies that Home has an absolute advantage in the production of both goods.It is comparative,not absolute,advantage that determines the international trade.363、Comparative Advantage Assume that aLC/aLW a*LC/a*LW (2-2)This assumption implies that the opportunity c

27、ost of cheese in terms of wine is lower in Home than it is in Foreign.1)Home has a comparative advantage in cheese and will export it to Foreign in exchange for wine.37 In the absence of trade the relative prices of cheese and wine in each country would be determined by the relative unit labor requi

28、rements.That is aLC/aLW and a*LC/a*LW.Once we allow for the possibility of international trade,prices will no longer be determined by domestic considerations.The trade above can not go on indefinitely.It will equalize the relative price.384、Determining the Relative Price After Trade1)What determines

29、 the relative price(PC/PW)after trade?To answer this question we have to define the relative supply and relative demand for cheese in the world as a whole.39 The relative supply of cheese:(QC+Q*C)/(QW+Q*W)The relative demand of cheese:A decreasing function of the price of the cheese relative to that

30、 of wine.402RDRD1QaLC/aLWa*LC/a*LWRSFigure 2-3:World Relative Supply and DemandRelative priceof cheese,PC/PWRelative quantityof cheese,QC+Q*C QW+Q*WL/aLCL*/a*LW41 How to understand the Figure 2-3:The world equilibrium(均衡均衡)relative price after trade is determined by the intersection of RD and RS.Fir

31、st,no supply of cheese if PC/PW aLC/aLW.If PC/PW between aLC/aLW and a*LC/a*LW,the relative supply of cheese is L/aLC/L*/a*LW.Then,supply any relative amount of the two goods in foreign if PC/PW=a*LC/a*LW.Finally,no supply of wine if PC/PW a*LC/a*LW.(specialization of cheese in both countries).432)T

32、he equilibrium relative price of cheese is determined by the intersection of the relative supply and demand curves in Figure 2-3.The point 1 in Figure 2-3 shows that the relative price of cheese is between the two countriespretrade（贸易前）贸易前）prices,it is the normal result of trade.In this case each co

33、untry specializes in the production of the good in which it has a comparative advantage.44 The point 2 in Figure 2-3 shows that the relative price of cheese is equal to its opportunity cost in Home.The Home economy need not specialize in producing either cheese or wine.It remains true that if a coun

34、try does specialize,it will do so in the good in which it has a comparative advantage.45 四、四、Case study Labor Productivity in China.46 表表1 1 农业劳动生产率的国际比较农业劳动生产率的国际比较 农业劳动力占全部劳动力的农业劳动力占全部劳动力的 农业劳动生产率农业劳动生产率 1988年年 1998年年 1987-89年年 1997-99年年 中国中国 72.6 68.0 222 316美美 国国 3.0 2.2 39 001*澳大利亚澳大利亚 5.7 4.7

35、22 932 31 432荷荷 兰兰 4.7 3.4 31 328 51 594日日 本本 8.0 4.6 21 914 30 620俄俄 罗罗 斯斯 11.1 2 282泰泰 国国 65.4 58.0 754 916越越 南南 71.7 68.2 173 236印印 度度 65.1 60.5 324 395资料来源：粮农组织、世界银行资料来源：粮农组织、世界银行20022002年世界发展报告年世界发展报告，劳动生产率指一个农业劳动者创造的增加值。劳动生产率指一个农业劳动者创造的增加值。47表表表表2 2 2 2全球钢铁企业劳动生产率比较全球钢铁企业劳动生产率比较全球钢铁企业劳动生产率比较全球钢铁企业劳动生产率比较：韩国浦相制铁韩国浦相制铁韩国浦相制铁韩国浦相制铁1350135013501350吨吨吨吨/人年人年人年人年日本新日铁日本新日铁日本新日铁日本新日铁 1400140014001400吨吨吨吨/人年人年人年人年 鞍鞍鞍鞍 钢钢钢钢220220220220吨吨吨吨/人年人年人年人年 我我我我 国国国国100100100100吨吨吨吨/人年人年人年人年48