Factor Proportions And Comparative Advantage In A Trade Dependent Economy
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Factor Proportions And Comparative Advantage In A Trade Dependent Economy
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Author : Yun Wing Sung
language : en
Publisher:
Release Date : 1979
Factor Proportions And Comparative Advantage In A Trade Dependent Economy written by Yun Wing Sung and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1979 with categories.
Factor Proportions And Comparative Advantage In A Trade Dependent Economy
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Author : Enrong Song
language : en
Publisher:
Release Date : 1980
Factor Proportions And Comparative Advantage In A Trade Dependent Economy written by Enrong Song and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with categories.
Comparative Advantage In International Trade
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Author : Mirela Keuschnigg
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Comparative Advantage In International Trade written by Mirela Keuschnigg and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Traditional trade theory explains trade only by differences between countries, notably differences in their relative endowments of factors of production. It suggests an inverse relationship between the similarity of countries and the volume of trade between them. The Heckscher-Ohlin (HO) factor propor tions theory derives the determinants of comparative advantage in a world of "two-ness" (two goods, two factors, two countries). It predicts that each country will export that good which uses the country's abundant factor rel atively most intensively. The literature on trade offers an impressive number of studies based on the HO theory. The main methodological problems en countered in the literature are: first, the appropriate formulation of the HO theorem in a multi-factor, multi-good and multi-country framework; second, proper tests of the HO theory and proper links of the theory to empirical analysis. The relevance of the HO theory began to be questioned when important facts of modern international trade proved to be inconsistent with its theoretical framework. Leontief (1953) tested the factor proportions theory, using the US data for 1947, and found that the US had more labor-intensive exports than imports, which is opposed to both perceptions and estimations of factor endowments. The Leontief Pamdoxcreated doubt as to whether or not actual trade patterns and factor endowments are related as predicted by theory, and caused many controversial discussions with regard to the proper empirical implementation of the factor proportions theory.
Factor Proportions Trade And Growth
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Author : Ronald Findlay
language : en
Publisher: MIT Press
Release Date : 1995
Factor Proportions Trade And Growth written by Ronald Findlay and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
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
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Author : Gregory Charles Lassiter
language : en
Publisher:
Release Date : 1976
The Factor Proportions Theory And The Pattern Of International Trade written by Gregory Charles Lassiter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with categories.
Factor Proportions And The Direction Of International Trade
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Author : Susan S. Navarro
language : en
Publisher:
Release Date : 1982
Factor Proportions And The Direction Of International Trade written by Susan S. Navarro and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Commerce categories.
Comparative Advantage In International Trade
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Author : Andrea Maneschi
language : en
Publisher: Edward Elgar Publishing
Release Date : 1998-01-01
Comparative Advantage In International Trade written by Andrea Maneschi and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-01-01 with Business & Economics categories.
'Historians of international trade and trade theory, intellectual historians, and students of trade theory will all benefit from Andrea Maneschi's masterful work, which takes the reader through a considerable amount of the primary literature and presents technical models of international trade with great clarity.' - Sandra Peart, The International History Review
Sources Of International Comparative Advantage
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Author : Edward E. Leamer
language : en
Publisher: MIT Press (MA)
Release Date : 1984
Sources Of International Comparative Advantage written by Edward E. Leamer and has been published by MIT Press (MA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Comparative advantage (International trade). categories.
This is the first book to present a clear empirical picture of the international exchange of goods and of the resources that account for the exchanges that occur. It fully articulates the Heckscher-Ohlin theory of international comparative advantage, in which a country's factor endowments (land, labor, capital) play a crucial role in determining trade patterns. The theory is carefully link to the book's analysis. Using tables, graphs, and econometric data summaries, Learner describes the patterns of trade and the patterns of resource supplies of fifty-nine countries and explains these trade patterns in terms of the abundance of eleven resources. His study should create a standard by which other data analyses will be judged in the future. Edward E. Learner is Professor of Economics at the University of California at Los Angeles.
The Factor Proportions Theory In International Trade And Finance
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Author : Peter Debaere
language : en
Publisher:
Release Date : 1998
The Factor Proportions Theory In International Trade And Finance written by Peter Debaere and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
International Trade
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Author : Jitendralal Borkakoti
language : en
Publisher: Bloomsbury Publishing
Release Date : 2017-03-01
International Trade written by Jitendralal Borkakoti and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-01 with Business & Economics categories.
A rigorous and comprehensive text dealing primarily with the determinants of the pattern of trade gains from trade and trade policy. Spanning the old theories (the Ricardian hypothesis, the static and dynamic Heckscher-Ohlin model, the neofactor proportions and the neotechnology theories) it also contains the new theories (including various models of intra-industry trade and the dynamic models of endogenous growth and trade). Gains from trade and trade policy issues are comprehensively analysed. The various theories are presented verbally, geometrically and mathematically.