A GENERAL MODEL OF FACTOR PROPORTIONS THEORY OF INTERNATIONAL TRADE PDF Download
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Author: SUK T. SUH
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Suk Tai Suh
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 474
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Author: SUK T. SUH
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Ronald Findlay
Publisher: MIT Press
ISBN: 9780262061759
Category : Business & Economics
Languages : en
Pages : 202
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In these six essays Ronald Findlay explores modifications to the factor proportions model, looking in particular at what happens when human capital and land use are allowed to vary endogenously. The standard version of the Heckscher-Ohlin model of international trade treats the factors of production--land, labor, and capital--as essentially analytically similar and symmetrical. In these six essays Ronald Findlay explores modifications to the factor proportions model, looking in particular at what happens when human capital and land use are allowed to vary endogenously.Findlay extends the factor proportions theory of international trade to consider capital accumulation, income distribution, and factor mobility in a growing world economy. Among the questions he addresses are such fundamental issues as the conditions under which international trade equalizes the rate of interest; the effects of learning and invention on economic growth and comparative advantage; the role of human capital and skill formation in determining patterns of comparative advantage and the reciprocal effect of international trade on these variables through its impact on wage differentials between skilled and unskilled workers; the incorporation of new territories into a trading system by extensions of the frontier and labor migration as in the establishment of the Atlantic economy of the nineteenth century; and the impact of reductions in transport costs of industrial raw materials on global patterns of manufacturing activity and comparative advantage.The Ohlin Lectures
Author: Gregory Charles Lassiter
Publisher:
ISBN:
Category :
Languages : en
Pages : 288
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Author: Peter Debaere
Publisher:
ISBN:
Category :
Languages : en
Pages : 402
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Author: Avinash Dixit
Publisher: Cambridge University Press
ISBN: 1107717086
Category : Business & Economics
Languages : en
Pages : 352
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This book expounds trade theory emphasizing that a trading equilibrium is general rather than partial, and is often best modelled using dual or envelope functions. This yields a compact treatment of standard theory, clarifies some errors and confusions, and produces some new departures. In particular, the book (i) gives unified treatments of comparative statics and welfare, (ii) sheds new light on the factor-price equalization issue, (iii) treats the modern specific-factor model in parallel with the usual Heckscher-Ohlin one, (iv) analyses the balance of payments in general equilibrium with flexible and fixed prices, (v) studies imperfect competition and intra-industry trade.
Author: Edward E. Leamer
Publisher: International Finance Section Department of Econ Ton Univers
ISBN:
Category : Business & Economics
Languages : en
Pages : 74
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This study discusses the Hecksher-Ohlin factor-proportions theory of comparative advantage, which states that international commerce compensates for the uneven geographic distribution of productive resources, that traded commodities are really bundles of factors (land, labor, and capital), and that the exchange of commodities internationally is therefore indirect arbitrage, transferring the services of otherwise immobile factors of production from locations where these factors are abundant to locations where they are scarce. Under some circumstances, this indirect arbitrage can completely eliminate price differences. Despite new models in trade theory and evidence from trade theorists suggesting that the H-O model is faulty, the theory is still extraordinarily useful: pedagogically, in correcting the assumptions of the partial-equilibrium with regard to labor supply and wage rates; politically, in showing that although tariffs and quotas have redistributive effects, they reduce efficiency; and empirically, in explaining important aspects of the patterns of international trade. The H-O model is essential for any study of the impact of globalization on the American workforce.
Author: Larry S Karp
Publisher: World Scientific
ISBN: 9811249881
Category : Business & Economics
Languages : en
Pages : 303
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Lecture Notes in International Trade Theory covers classical international trade models (including the Ricardian, Ricardo Viner, and Heckscher-Ohlin-Samuelson models). The course is designed for M.Sc. and first year PhD students. It relies on both graphical and analytic methods, requiring only intermediate microeconomics and a solid grounding in calculus. The material emphasizes 'second-best' settings, where markets are imperfect. The goal is to equip students with a good enough understanding of open-economy general equilibrium relations that they understand how distortions ripple across different markets, e.g. commodity and factor markets. The Author applies these ideas to environmental and natural resource problems, including pollution 'leakage' (where pollution reductions in one country are offset by trading partners' increased pollution) and imperfect property rights. Other applications include the general equilibrium effects of commodity and trade taxes, international transfers (the 'transfer problem'), minimum wage constraints, and immiserizing growth. The Author assumes that students have some experience in formulating and answering comparative statics questions in an optimization setting. Building on these skills, and developing the idea of stability in an equilibrium setting (the Marshall Lerner condition), students learn how to formulate and answer comparative static questions in trade models.
Author: Subimal Mookerjee
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 116
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Author: Michael Michaely
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
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