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In this paper we develop a new approach to measuring the gains from economic integration based on a generalization of the Ricardian model in which heterogeneous factors of production are allocated to multiple sectors in multiple local markets based on comparative advantage. We implement this...
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In this paper we develop a new approach to measuring the gains from economic integration based on a generalization of the Ricardian model in which heterogeneous factors of production are allocated to multiple sectors in multiple local markets based on comparative advantage. We implement this...
Persistent link: https://www.econbiz.de/10012455734
How large are the gains from product market integration — or, equivalently, from a reduction in barriers to trade over space? This article surveys recent work on this question in the context of both international and intranational trade
Persistent link: https://www.econbiz.de/10014133998