Markusen, James R. - C.E.P.R. Discussion Papers - 2010
A major role for per-capita income in international trade, as opposed to simply country size, was persuasively advanced … by Linder (1961). Yet this crucial element of Linder’s story was abandon by most later trade economists in favor of the … phenomenon as growing wage gaps, the mystery of the missing trade, home bias in consumption, and the role of intra-country income …