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Persistent link: https://www.econbiz.de/10015419005
The theory of comparative advantage is at the core of neoclassical trade theory. Yet we know little about its implications for how nations should conduct their trade policy. For example, should import sectors with weaker comparative advantage be protected more? Conversely, should export sectors...
Persistent link: https://www.econbiz.de/10011083995
The theory of comparative advantage is at the core of neoclassical trade theory. Yet we know little about its implications for how nations should conduct their trade policy. For example, should import sectors with weaker comparative advantage be protected more? Conversely, should export sectors...
Persistent link: https://www.econbiz.de/10010796743
International trade has experienced a Ricardian revival. In this article, we offer a user guide to assignment models, which we will refer to as Ricardo-Roy (R-R) models, that have contributed to this revival.
Persistent link: https://www.econbiz.de/10010950680
This paper develops tools and techniques to study the impact of exogenous changes in factor supply and factor demand on factor allocation and factor prices in economies with a large number of goods and factors. The main results of our paper characterize sufficient conditions for robust monotone...
Persistent link: https://www.econbiz.de/10005004692
Persistent link: https://www.econbiz.de/10010554517
This paper develops tools and techniques to analyze the determinants of factor allocation and factor prices in economies with a large number of goods and factors. The main results of our paper characterize sufficient conditions for robust monotone comparative statics predictions in a Roy-like...
Persistent link: https://www.econbiz.de/10008756214
The theory of comparative advantage is at the core of neoclassical trade theory. Yet we know little about its implications for how nations should conduct their trade policy. For example, should import sectors with weaker comparative advantage be protected more? Conversely, should export sectors...
Persistent link: https://www.econbiz.de/10011275157
Persistent link: https://www.econbiz.de/10008177051
Persistent link: https://www.econbiz.de/10008720055