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proportion of gap closed
Figure 10.3 Adjustment Functions for Unskilled Labor: Impact of Imports from China, 1982–95 1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0
–2.0
–1.6
–1.2
–0.8
–0.4 0 0.4 factor shortage
0.8
1.2
1.6
2.0
1.6
2.0
Imports from China = 4 percent of total imports Imports from China = 8 percent of total imports No imports from China
Source: Authors’ calculations.
proportion of gap closed
Figure 10.4 Adjustment Functions for Capital: Impact of Imports from China, 1982–95 1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0
–2.0
–1.6
–1.2
–0.8
–0.4 0 0.4 factor shortage
0.8
1.2
Imports from China = 4 percent of total imports Imports from China = 8 percent of total imports No imports from China
Source: Authors’ calculations.