Technological Innovation, Trade Liberalization, Unemployment, and Policy Design

Abstract:: Technological change and trade liberalization are fundamental for growth and economic welfare. The implementation of new production techniques, and the opening of economies to global market forces. can also lead to significant reallocations of economic resources across an economy. This can have major implications, in the real world with frictions, upon unemployment, the distribution of income, and the quality of jobs available. This project aims to develop a framework to analyse these effects, based on modern search theory, and to consider the optimal design of government policy in this setting, which maximizes the benefits of innovation and liberalization while minimizing the costs associated with their implementation.
Grant type:: ARC Discovery Projects
Funded by:: Australian Research Council

The University of Queensland