This paper obtains new results about absolute and comparative advantage, by introducing international technological differences into the three-sector Findlay-Komiya and two-sector Oniki-Uzawa-Stiglitz models ofopen-economy growth with optimal saving. For example, ifa country has the same...

This paper questions the feasibility of Pareto-type gains from international factor movements, without lump-sum compensations, when taxes (subsidies) on factors and consumers located within the same country cannot discriminate on the basis of national origin. As the analysis shows, no...

This paper introduces private saving and public debt into the shirking-unemployment model of Shapiro and Stiglitz (1984), while relaxing their exclusive focus on steady states. After generalizing their no-shirking constraint to accommodate asset accumulation, and demonstrating that the resulting...

This paper develops empirically feasible tests of the production side of the Heckscher-Ohlin model of international trade in the case where factor prices are not equal between countries. To allow for factor-price differences across industries within each country, three variants of the model are...