The relevance of the Stolper-Samuelson theorem
... technology was in fact due to increased trade. Factor contents studies have also been criticised on conceptual grounds. In particular, the link between labour demand and trade volumes behind their estimates was deemed to be inconsistent with international trade theory5, which, through the Stolper-Sa ...
... technology was in fact due to increased trade. Factor contents studies have also been criticised on conceptual grounds. In particular, the link between labour demand and trade volumes behind their estimates was deemed to be inconsistent with international trade theory5, which, through the Stolper-Sa ...
SAVING AND INVESTMENT IN AN OPEN ECONOMY WITH NON-TRADED GOODS
... and freely mobile between industries is that there are no lags in investment. When the desired capital stock changes, all the desired new investment or disinvestment can occur instantaneously. Perhaps it would be ...
... and freely mobile between industries is that there are no lags in investment. When the desired capital stock changes, all the desired new investment or disinvestment can occur instantaneously. Perhaps it would be ...
CHAPTER 2
... This chapter introduces students to the foundations of modern trade theory that seeks to answer three questions: (1) What constitutes the basis for trade? (2) At what terms of trade are products exchanged in international markets? (3) What are the gains from trade in terms of production and consumpt ...
... This chapter introduces students to the foundations of modern trade theory that seeks to answer three questions: (1) What constitutes the basis for trade? (2) At what terms of trade are products exchanged in international markets? (3) What are the gains from trade in terms of production and consumpt ...
