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Uncertainty of the Imported Products and Its Effect on the Income Distribution of Importer
Song Chen1*
1School of International Business, Xiamen University Tan Kah Kee College
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Abstract:
This paper aims to test the uncertainty of the imported products and its effect on the income distribution of importers. This research firstly shows Korea as the risk preference. We show that the relationship between capital and labor has been evolved from when there is no uncertainty to when there is uncertainty, while the relationship between import and capital is complementary. This result proves that the lower uncertainty of imported products hampers the capital of the importing country while it benefits the labor market.
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Keywords: Hicks q-Complementary; Substitution; Reverse Demand Elasticity
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Received:N/A; Revised:N/A; Accepted:N/A; Published:September 30, 2021
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*Corresponding author; e-mail: chensong@xujc.com
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Citation:Chen, S.(2021). Uncertainty of the Imported Products and Its Effect on the Income Distribution of Importer. International Journal of Business Studies and Innovation, 1(1), 75-83. https://doi.org/10.35745/ijbsi2021v01.01.0009
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Copyright: ©
2021
The Author(s). Published with license by IIKII, Singapore. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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