Abstract Two‐ or more‐factor general equilibrium models commonly assume no factor intensity reversals (FIRs): a good that is relatively capital intensive compared with other goods within country/region also another country/region. This assumption so important its breakdown results in the collapse of several well‐known theorems, such as Heckscher–Ohlin theorem and Stolper–Samuelson theorem. Seei...

Abstract The rise of top-heavy inequality—earnings concentration in a very thin layer elites—calls into question our understanding the distributional effects Liberal International Order. Far more people lose from globalization, and fewer gain, than traditional economic models suggest. We review three modern trade theories (neo-Heckscher-Ohlin-Stolper-Samuelson or H-O-S-S, new theory, geography)...

Abstract By simulating a multi-country general equilibrium international trade model, we investigate how the Economic Complexity Index (ECI) and Fitness (FI) are related directly to economic fundamentals with clear basis in theory. The model is based on Eaton Kortum (2002) combines factor endowment (Heckscher–Ohlin) technological (Ricardian) reasons for specialization, which further determines ...

this study examins effects of trade liberalization on the wage inequality between urban and rural labor by utilizing the data of micro-level households’ income and expenditures surveys and trade statistics over 2001-2011. the analysis is carried based on the heckscher–ohlin’s theory in international trade and baker’s taste discrimination theory at firms. we use quantile regression and ordinary ...

The study examines the significance of Pakistan-India trade, focusing on their trade potential, impediments to bilateral trade; political barriers and non-tariff barriers. For seven decades, troubles tensions in relations have directly affected ties between two countries. unresolved issues, especially dispute over Kashmir, which is bone contention countries, continue impede normalization thus l...

the augmented gravity model was employed to determine iran's trading model and agricultural export directions in the case of cross section analysis in 2005 for 64 countries which are considered as iran's main export market. besides, another explanatory variable named trade conformity index (tci) was added to the model. this index was employed to identify iran's trading model. als...

this study examins effects of trade liberalization on the wage inequality across industries and between genders within these industries by utilizing the data of micro-level households’ income and expenditures surveys and trade statistics over 2001-2011. the analysis is carried based on the heckscher–ohlin’s theory in international trade and baker’s taste discrimination theory at firms. we use q...

Several economic theories can explain growth, but what is popular to the relevance of relationship between Foreign Direct Investment, Manufacturing and Unemployment neoclassical theory where capital flows "downhill" from rich countries (capital abundance) poor scarce). So that all access same technology produce similar goods, while difference in per capita income reflects rate return on capital...