DRS in Manufacturing

IRS in Manufacturing

DRS in Food

· Southern TOT improves

· Nominal wage in South increases

· Nominal wage in North declines

· Real wage in South constant

· Real wage in North worsens

· Southern TOT worsens

· Nominal wage in South declines

· Northern nominal wage increases

· Real wage in South constant

· Real wage in North improves

IRS in Food

· Southern TOT worsens

· Nominal wage in South increases

· Nominal wage in North declines

· Real wage in South constant

· Real wage movement in North ambiguous

· Southern TOT improves

· Nominal wage in South increases

· Nominal wage in North increases

· Real wage in South constant

· Real wage movement in North ambiguous