【Macro Seminar】Economic Integration, Decoupling and Labor Share

  • 研討會日期 : 2023-11-07
  • 時間 : 14:30
  • 主講人 : Professor Han Yang
  • 地點 : Conference Room B110
  • 演講者簡介 : Professor Han Yang received his PhD from Pennsylvania State University in 2019. He is currently an Assistant Research Fellow at the Institute of Economics, Academic Sinica. His research interests are international trade and macroeconomics, with additional focus on the economics of gaming, digital economy, development, and environment economics.
  • 演講摘要 : This article investigates the declining labor share in the global economic landscape, a trend that has caught the attention of both academics and policymakers. The primary focus is on trade-induced capital accumulation, a process fueled by the growing accessibility of capital resources and the widespread adoption of capital-intensive technologies. Building on the Rybchinski theorem, the article posits that the increased allocation of resources to capital inherently increases the adoption of more capital-intensive technology, and reduces labor's share of income. Our analysis reveals that trade shocks account for 34% of this global reduction, while TFP shocks contribute to 50% of the decline.