|
|
|
|
|
| Gerber, James. |
| In spite of the rapid growth of merchandise trade since the end of World War II, the world economy is far from integrated. Services trade, capital flows, population migration, and price differences demonstrate far more scope for international economic integration. Even among nations with preferential trade agreements, networks of merchandise trade relations are far denser intra-nationally than internationally. The absence of goods trade predicted by trade models when nations have few policy barriers implies that crossing national boundaries is a significant indicator of increased transaction costs. These patterns have caused the world trade agenda to examine some unintended trade restrictions which make up a part of national domestic policies. This focus... |
| Tipo: Journal Article |
Palavras-chave: Deeper integration; Free trade; Heckscher-Ohlin model; Integration; Trade barriers; WTO; International Relations/Trade. |
| Ano: 2000 |
URL: http://purl.umn.edu/23829 |
| |
|
|
| Rajsic, Predrag. |
| This paper identifies an internal inconsistency in the Heckscher-Ohlin (H-O) models of international exchange. The inconsistency stems from assuming homogeneity of inputs within a population. This assumption annihilates individual comparative advantage, benefits from exchange and, consequently, existence of autarky prices. In order to remove this inconsistency, I build a two-good multi-individual model by using the microeconomic concept of individual comparative advantage stemming from differences in endowments of qualitatively heterogeneous inputs. The model shows how differences in the distribution of individual production possibilities result in individual specialization, exchange and differences in autarky prices between hypothetically isolated... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Comparative advantage; Heckscher-Ohlin model; Input heterogeneity; Microeconomic foundations; International Relations/Trade; F11; D51. |
| Ano: 2010 |
URL: http://purl.umn.edu/61299 |
| |
|
|
|
