The Relevance of the Two-Sector Production Model in Trade Theory
1977; University of Chicago Press; Volume: 85; Issue: 5 Linguagem: Inglês
10.1086/260615
ISSN1537-534X
AutoresRonald W. Jones, José Scheinkman,
Tópico(s)Economic Theory and Institutions
ResumoThis paper examines how well the basic properties of the traditional 2 × 2 model of a competitive economy, commonly used in much of the pure theory of international trade, generalize when more goods and factors are considered. The notion of factor intensity and the Hekscher-Ohlin, Stolper-Samuelson, and Rybczynski theorems are discussed. The role played by the no-joint-production assumption as opposed to small dimensionality in the latter two results is stressed. The mathematical appendix provides a compact and formal statement of the properties discussed in the text.
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