Substitution in Markusen’s Classic Trade and Factor Movement Complementarity Models

Substitution in Markusen’s Classic Trade and Factor Movement Complementarity Models

Mundell and Markusen each wrote classic papers on the relationship between trade and factor movement. Mundell showed that substitution holds in the Heckscher-Ohlin model. Markusen challenged the substitution result and showed in five different models that removing barriers to factor movement results...

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Bibliographic Details
Main Author: Schiff, Maurice
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
CAPITAL FLOWS
CAPITAL INCREASE
CHANGES IN TRADE
COMPARATIVE ADVANTAGE
CONSTANT RETURNS TO SCALE
DOMESTIC DISTORTIONS
EXPORT GOOD
EXPORT GOODS
EXPORT SECTOR
EXPORTS
FACTOR ENDOWMENTS
FACTOR MODEL
FACTOR PRICE
FREE TRADE
HIGH TRADE BARRIERS
IMPACT OF TRADE
IMPACT OF TRADE LIBERALIZATION
IMPORT SECTOR
IMPORTS
INTERNATIONAL ECONOMICS
INTERNATIONAL TRADE
LDCS
LOW TARIFF
M1
M2
M3
PATTERN OF TRADE
PERFECT COMPETITION
POLICY RESEARCH
PROTECTION RATES
TARIFF INCREASES
TARIFF RATE
TARIFF RATES
TARIFF REDUCTION
TERMS OF TRADE
TRADE BARRIER
TRADE BARRIERS
TRADE FLOWS
TRADE IN GOODS
TRADE LIBERALIZATION
TRADE POLICY
UNSKILLED LABOR
WAGE RATE
Online Access:http://documents.worldbank.org/curated/en/2006/08/6944324/substitution-markusens-classic-trade-factor-movement-complementarity-models
http://hdl.handle.net/10986/8379

Internet

http://documents.worldbank.org/curated/en/2006/08/6944324/substitution-markusens-classic-trade-factor-movement-complementarity-models
http://hdl.handle.net/10986/8379

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