f o r e i g n

f o r e i g n

e p .














b e


6
( 2 )
P / e P

m a r k u p o f p r i c e s o v e r u n i t l a b o r i s t h e n f o r g i v e n

r a t e

T h e

/

/

( n w .
a / b N
n . n + 1



















i . e .
















i m p o r t

a r e

( n / N * ) ( w / e p * )









1 + f 1

3 *

t J ( z x )
0 <

( n * / N ) ( e w * / W )
( r i / N ) e w .


1




x ( P / p 1




( ( E p h

E p
I n








w ) x 1



a w
















w / e w






= ( w I e w * ) 1 ' l
I f



































p e r c e n t .

a '

1 / [ l









= F * ( P . c . c ) e w *

/
0
p i

/ /
V

0

















v c x p




h .




c x

v c O / n

x )





( p + c / n p ' ) / 2 c

( p * _ e w * ) 2 L ( p . c / n _ p * ) / 2 c




e w * ) / 2


c / f l

w ) / 2



c / n

( 2 e w *

( l / 3 ) ( e w / p )

( 2 / 3 ) ( e w * / p * )

Y / 3





















I

2 Y I 3 = 1 / ( I c / n * w )



1

2 y / 3

































































a

b u t





































1 0 0 )


























































( 1 9 8 5 )







a n d






( 1 9 8 5 )









( 1 9 8 4 )









a n d