Ch#
... production The economic sector that makes decisions about what resources to purchase and how the resources will be used to produce goods and services; the economic unit that transforms inputs into output Inputs that the firm cannot change during a given period; factors of production whose quantity d ...
... production The economic sector that makes decisions about what resources to purchase and how the resources will be used to produce goods and services; the economic unit that transforms inputs into output Inputs that the firm cannot change during a given period; factors of production whose quantity d ...
Productivity, resource endowment, and trade
... An important part of the literature, however, explains international trade between countries by differences in endowment of production factors according to the HeckscherOhlin model. More precisely, countries for which the required production factors are relatively abundant have comparative advantage ...
... An important part of the literature, however, explains international trade between countries by differences in endowment of production factors according to the HeckscherOhlin model. More precisely, countries for which the required production factors are relatively abundant have comparative advantage ...
Measuring the Gains from Trade under Monopolistic Competition
... interpreted as a gain from product variety, but now on the export side of the economy rather than for imports. Surprisingly, the consumer gains from new import varieties do not appear in this case, because they cancel out with disappearing domestic varieties. This finding, demonstrated in section 3, ...
... interpreted as a gain from product variety, but now on the export side of the economy rather than for imports. Surprisingly, the consumer gains from new import varieties do not appear in this case, because they cancel out with disappearing domestic varieties. This finding, demonstrated in section 3, ...
Economic Growth with Trade in Factors of Production
... Does trade promote economic growth? Romer’s (1986) seminal article on endogenous growth theory provided economists with the proper framework for addressing that important question. Investigators soon started using that framework to study the growth e¤ects of trade. Among the early contributions were ...
... Does trade promote economic growth? Romer’s (1986) seminal article on endogenous growth theory provided economists with the proper framework for addressing that important question. Investigators soon started using that framework to study the growth e¤ects of trade. Among the early contributions were ...
International trade with intermediate and final goods
... gloomy forecast stemming from the bullwhip effect2. During the crisis even mere fall of retailer demand brings severe decreases in intermediaries production, especially in industries with long supply chains. As many of these chains are international, during the crisis bullwhip effect leads to strong ...
... gloomy forecast stemming from the bullwhip effect2. During the crisis even mere fall of retailer demand brings severe decreases in intermediaries production, especially in industries with long supply chains. As many of these chains are international, during the crisis bullwhip effect leads to strong ...
research paper series Research Paper 2008/35
... decade. Unskilled workers in many developed countries and especially in US have seen a signi…cant decline in their relative wages, while at the same time international trade increased considerably. Some have argued that the increase of international trade is likely to explain this decline of relativ ...
... decade. Unskilled workers in many developed countries and especially in US have seen a signi…cant decline in their relative wages, while at the same time international trade increased considerably. Some have argued that the increase of international trade is likely to explain this decline of relativ ...
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