National and International Returns to Scale in the Modern Theory of International Trade
2014; World Scientific; Linguagem: Inglês
10.1142/9789814590327_0005
ISSN1793-3641
Autores Tópico(s)Global trade and economics
ResumoWorld Scientific Studies in International EconomicsThe Floating World, pp. 77-93 (2014) No AccessNational and International Returns to Scale in the Modern Theory of International TradeWILFRED J. ETHIERWILFRED J. ETHIERhttps://doi.org/10.1142/9789814590327_0005Cited by:133 PreviousNext AboutSectionsPDF/EPUB ToolsAdd to favoritesDownload CitationsTrack CitationsRecommend to Library ShareShare onFacebookTwitterLinked InRedditEmail Abstract: For over a quarter century, the Heck-scher-Ohlin-Samuelson (H-O-S) trade model has thoroughly dominated work in the pure theory of international trade. Indeed this model is often identified as "the" modern theory of trade. But this dominance has always been rendered uneasy by a widespread suspicion that the salient facts of modern commerce are inconsistent with the theoretical structure. 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