Sorting it out
international trade and protection with heterogeneous workers
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Author
Contributions
- Trefler, Daniel. - Contributor
- National Bureau of Economic Research. - Contributor
Publication
2004 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts
Language
English
Word Count
12,000 words, Guess
Page Count
48 pages
Identifiers
- OCLC Control Number57349467
- Open LibraryOL17625441M
Description
"The two models of international trade with developed factor markets -- Heckscher-Ohlin and Specific Factors -- both suffer significant defects. For example, their predictions about the patterns of domestic production and international trade are for the most part either indeterminate or uselessly complex. The problem with these models is that the supply of factors to an industry is either perfectly elastic or perfectly inelastic. Using a model in which heterogeneous workers sort across industries we eliminate this problem. The result is a multi-good model with sharp predictions about (1) the domestic pattern of production, (2) North-North and North-South trade, (3) the demand for protection, (4) the determinants of domestic income distribution, and (5) the effect of trade on economic development"--National Bureau of Economic Research web site.
Subjects
Links
Other Editions
- Sorting it out: international trade and protection with heterogeneous workers
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