Author: Peter Debaere
Publisher:
ISBN:
Category :
Languages : en
Pages : 402
Book Description
The Factor Proportions Theory in International Trade and Finance
Author: Peter Debaere
Publisher:
ISBN:
Category :
Languages : en
Pages : 402
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 402
Book Description
Factor Proportions, Trade, and Growth
Author: Ronald Findlay
Publisher: MIT Press
ISBN: 9780262061759
Category : Business & Economics
Languages : en
Pages : 202
Book Description
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
Publisher: MIT Press
ISBN: 9780262061759
Category : Business & Economics
Languages : en
Pages : 202
Book Description
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
The Factor Proportions Theory and the Pattern of International Trade
Author: Gregory Charles Lassiter
Publisher:
ISBN:
Category :
Languages : en
Pages : 288
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 288
Book Description
A General Model of Factor Proportions Theory of International Trade
Author: Suk Tai Suh
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 474
Book Description
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 474
Book Description
A GENERAL MODEL OF FACTOR PROPORTIONS THEORY OF INTERNATIONAL TRADE
Author: SUK T. SUH
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The Heckscher-Ohlin Model in Theory and Practice
Author: Edward E. Leamer
Publisher: International Finance Section Department of Econ Ton Univers
ISBN:
Category : Business & Economics
Languages : en
Pages : 74
Book Description
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.
Publisher: International Finance Section Department of Econ Ton Univers
ISBN:
Category : Business & Economics
Languages : en
Pages : 74
Book Description
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.
Factor Proportions and the Direction of International Trade
Author: Susan S. Navarro
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 30
Book Description
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 30
Book Description
International Trade Theory and Policy
Author: Giancarlo Gandolfo
Publisher: Springer Science & Business Media
ISBN: 3642373143
Category : Business & Economics
Languages : en
Pages : 669
Book Description
In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.
Publisher: Springer Science & Business Media
ISBN: 3642373143
Category : Business & Economics
Languages : en
Pages : 669
Book Description
In the present text the author deals with both conventional and new approaches to trade theory and policy, treating all important research topics in international economics and clarifying their mathematical intricacies. The textbook is intended for undergraduates, graduates and researchers alike. It addresses undergraduate students with extremely clear language and illustrations, making even the most complex trade models accessible. In the appendices, graduate students and researchers will find self-contained treatments in mathematical terms. The new edition has been thoroughly revised and updated to reflect the latest research on international trade.
Factor Proportions in International Trade
Author: Michael Michaely
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
Book Description
Trade Imbalance, the Factor Proportions Theory and the Resource Content of International Trade
Author: F. R. Casas
Publisher:
ISBN:
Category : Balance of trade
Languages : en
Pages : 24
Book Description
Publisher:
ISBN:
Category : Balance of trade
Languages : en
Pages : 24
Book Description