G2TT
来源类型Discussion paper
规范类型论文
来源IDDP766
DP766 International Trade, Factor Mobility and Trade Costs
Anthony Venables; Victor D Norman
发表日期1993-02-28
出版年1993
语种英语
摘要We consider a Heckscher-Ohlin model in which goods and factors of production can be traded, but trade involves transactions costs. Goods trade alone will not equalize factor prices, so there is an incentive for trade in factors of production. Whether goods or factors are traded depends on endowments and transactions costs. We characterize equilibria in which there is no trade, there is goods trade only, there is factor trade only, and there is trade in both goods and factors. This generalizes the Heckscher-Ohlin model to explain not only the direction of trade, but also the prior question of how goods and factors are partitioned to tradables and non-tradables.
主题International Trade and Regional Economics
关键词Factor mobility International trade
URLhttps://cepr.org/publications/dp766
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/529919
推荐引用方式
GB/T 7714
Anthony Venables,Victor D Norman. DP766 International Trade, Factor Mobility and Trade Costs. 1993.
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