The Ricardian comparative advantage is one key cornerstone in the international trade theory. There no shortage of textbooks supposing that Ricardo used solely labour as a factor production. This approach originates with Haberler 1930s, who wrote Ricardo’s theory robust, but not labor-cost doctrine, which, assumed, applied. paper summarizes why Haberler’s perspective emerged, essaying an explan...

Abstract This article argues that the lockdown of Hubei province in China due to Coronavirus outbreak provides a natural experiment study importance China's role global value chains. Since started during Lunar New Year, Hubei's migrant workers who went home could not return workplaces other provinces, resulting massive labor supply shock. I feed shock through Ricardian model with intermediate g...

Abstract Thomas Edward Cliffe Leslie was one of the founders British historical economics. He an important figure in history economic thought nineteenth century, as he contributed to critique Ricardian political economy while at same time being school. influenced by classical economists, such Adam Smith and J. S. Mill, calling for a historically institutionally informed economy. This article at...

This study investigates the Ricardian Equivalence (RET) in theory and practice particularly as it relates to Nigeria economy. The employed Autoregressive Distributed Lagged (ARDL) model establish both long-run short-run relationship between deficit financing consumption. found no strong evidence reject using data from economy contrary most literatures reviewing RET Nigeria. Specifically, that v...