A Ricardian Model with Endogenous Comparative Advantage and Endogenous Trade Policy Regimes
نویسندگان
چکیده
منابع مشابه
Endogenous Comparative Advantage∗
A stylized model of trade between identical countries is developed, where the only departure from standard neoclassical theory is that worker skills are imperfectly observable. This creates an informational externality since firms take aggregate investments into consideration when making inference about individual workers. The interaction between the informational externality and price effects ...
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In this paper, we merge the heterogenous firm model of Melitz (2003) with the Ricardian model of Dornbusch, Fisher and Samuelson (DFS 1977) to explain how the pattern of international specialization and trade is determined by the interaction of comparative advantage, economies of scale, country sizes and trade barriers. The model is able to capture the existence of inter-industry trade and intr...
متن کامل“Endogenous Comparative Advantage” Web Appendices
This documents contains proofs that for the sake of brevity have been omitted from the paper " Endogenous Comparative Advantage, " additional calculations, and a discussion about empirical evidence supporting some implications of the model. To make the derivations self-contained some equations have been duplicated from the main paper.
متن کاملSupplement to “ Endogenous Comparative Advantage ”
E Derivation of Trade Equilibria in Section 5.5 9 E.1 Conditions that must hold in any equilibrium. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 E.2 Equilibria of type A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 E.3 Equilibria of type B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 E.4 Equilibria of type...
متن کاملFactor Accumulation and Trade: Dynamic Comparative Advantage with Endogenous Human Capital
This paper develops a two country endogenous growth model with accumulation of both physical and human capital. We establish the existence of two country balanced growth equilibria with physical and human capital growing at the same rate in which a static and dynamic version of the Heckscher-Ohlin hypothesis hold true. We also show the existence of unbalanced growth equilibria in which the stat...
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ژورنال
عنوان ژورنال: Economic Record
سال: 2000
ISSN: 0013-0249,1475-4932
DOI: 10.1111/j.1475-4932.2000.tb00015.x