Integrated equilibrium in a Heckscher-Ohlin-Ricardo model
This paper shows that, unlike in the Heckscher-Ohlin model, the integrated equilibrium in the Davis (1995) Heckscher-Ohlin-Ricardo model depends crucially on demand patterns. The area defining the integrated equilibrium is smaller, the greater is the weight placed by consumers on the good that has different technologies across countries.
Year of publication: |
2005
|
---|---|
Authors: | Soo, K T |
Institutions: | Department of Economics, Management School |
Subject: | International trade | Heckscher-Ohlin | Ricardian | integrated equilibrium |
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