Journal of Accounting and Economics (June/September, 1992), 119-142. Edwards, E.
Missing from his analysis, though, is a discussion of how much import prices have fallen, and therefore, how much of the shift towards skilled labor can be explained by this channel of influence. Further results are obtained by Harrigan and Balaban (1999), Harrigan (2000) and Kumar (2000).
The remaining fraction lT consists of liquidity traders.