Relative Wage Variation and Industry Location in the United Kingdom*
发现英国各地区相对工资和产业结构差异显著，符合新古典贸易模型：要素充裕地区该要素相对价格更低，并专业化于密集使用该要素的产业，导致各地区对外部冲击的暴露不对称。
Abstract This paper shows that both relative wages and industry structure vary considerably across regions of the United Kingdom. In accordance with the neoclassical model of trade, regions abundant in a factor (i) exhibit lower relative prices of that factor than regions scarce in the factor, and (ii) tend to specialize in a mix of industries intensive in the use of the factor. We show that this specialization leads UK regions to be asymmetrically exposed to external macroeconomic or international trade shocks.