An elementary proposition on technical progress and non-traded goods
We explore the effect of technical progress on the endogenously determined range of non-traded goods by using a Ricardian model with continuum of goods. By defining technical progress on the basis of proportional changes in the relative productivity across sectors, we show that the range of non-traded goods decreases if technical progress is unbiased or if it is biased toward the goods that a country has more comparative advantage.
Year of publication: |
2011
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Authors: | Beladi, Hamid ; Oladi, Reza |
Published in: |
Journal of Mathematical Economics. - Elsevier, ISSN 0304-4068. - Vol. 47.2011, 1, p. 68-71
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Publisher: |
Elsevier |
Subject: | Non-traded good range Technical progress |
Saved in:
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