Michida, Etsuyo; Atici, Cemal; Kojima, Michikazu - Institute of Developing Economies, Japan External Trade … - 2011
This paper sheds light on the iron and steel (IS) scrap trade to examine how economic development affects the quality demanded of recyclable resource. A simple model is presented that show a mechanism of how scrap quality impacts the direction of trade due to comparative advantage. We find that...