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TRADE AND TRADABILITY: EXPORTS, IMPORTS, AND FACTOR MARKETS IN THE SALTER-SWAN MODEL AgEcon
Thierfelder, Karen; Robinson, Sherman.
We extend the Salter-Swan model to include both factor markets and semi-traded goods. In our model, changes in relative factor prices depend on changes in world commodity prices, factor endowments, and the trade balance. In contrast, only changes in world commodity prices can affect factor prices in the neoclassical trade model. The inclusion of semi-traded goods weakens the magnification effect of both the Stolper-Samuelson and Rybczynski theorems. When imports and domestic goods are poor substitutes, a characteristic of some commodities in developing countries, the sign of the Stolper-Samuelson effect is reversed.
Tipo: Working or Discussion Paper Palavras-chave: Semi-traded goods; Two-way trade; Salter-Swan Model; Stolper-Samuelson Theorem; International Relations/Trade; F11; F13; F15.
Ano: 2002 URL: http://purl.umn.edu/16298
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Intra-Industry Trade, Multilateral Trade Integration, and Invasive Species Risk AgEcon
Tu, Anh Thuy; Beghin, John C..
We analyze the linkage between protectionism and invasive species (IS) hazard in the context of two-way trade and multilateral trade integration, two major features of real-world agricultural trade. Multilateral integration includes the joint reduction of tariffs and trade costs among trading partners. Multilateral trade integration is more likely to increase damages from IS than predicted by unilateral trade opening under the classic Heckscher-Ohlin-Samuelson (HOS) framework because domestic production (the base susceptible to damages) is likely to increase with expanding export markets. A country integrating its trade with a partner characterized by relatively higher tariff and trade costs is also more likely to experience increased IS damages via...
Tipo: Working or Discussion Paper Palavras-chave: Exotic pest; Intra-industry trade; Invasive species; Liberalization; Trade cost; Trade integration; Trade protection; Two-way trade; Environmental Economics and Policy; International Relations/Trade.
Ano: 2006 URL: http://purl.umn.edu/18505
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