Eli Heckscher, mercantilism, and the favourable balance of trade
نویسندگان
چکیده
منابع مشابه
Implicit Mercantilism, Oligopoly, and Trade
The authors propose a new model of trade between developing and advanced economies to capture the effects of important asymmetries in the organizations of their industries. This model demonstrates how the industrial structure of a developing economy can evolve to produce what the authors call “implicit mercantilism.” Free entry plus domestic oligopoly in a developing economy, when combined with...
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Eli Heckscher (1919) and Bertil Ohlin (1933) laid the groundwork for substantial developments in the theory of international trade by focusing on the relationships between the composition of countries’ factor endowments and commodity trade patterns as well as the consequences of free trade for the functional distribution of income within countries. From the outset general equilibrium forms of a...
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متن کاملIntra-industry trade: A Heckscher-Ohlin-Ricardo approach
The large volume of intra-industry trade is often cited as a critical element favoring trade theories based on increasing returns and imperfect competition over those with constant returns and perfect competition. The former provide an elegant account of intra-industry trade, while the latter, it is often argued, cannot. This paper provides an account of intra-industry trade based squarely on c...
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ژورنال
عنوان ژورنال: Scandinavian Economic History Review
سال: 1978
ISSN: 0358-5522,1750-2837
DOI: 10.1080/03585522.1978.10415622