Trade and tradability: exports, imports, and factor markets in the Salter-Swan model
We extend the Salter-Swan model to include both factor markets and semi-traded goods. In our model, changes in relative factor prices depend on changes in world commodity prices, factor endowments, and the trade balance. In contrast, only changes in world commodity prices can affect factor prices in...
| Autores principales: | , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2002
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/156690 |
| _version_ | 1855529379645358080 |
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| author | Robinson, Sherman Thierfelder, Karen |
| author_browse | Robinson, Sherman Thierfelder, Karen |
| author_facet | Robinson, Sherman Thierfelder, Karen |
| author_sort | Robinson, Sherman |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | We extend the Salter-Swan model to include both factor markets and semi-traded goods. In our model, changes in relative factor prices depend on changes in world commodity prices, factor endowments, and the trade balance. In contrast, only changes in world commodity prices can affect factor prices in the neoclassical trade model. The inclusion of semi-traded goods weakens the magnification effect of both the Stolper-Samuelson and Rybczynski theorems. When imports and domestic goods are poor substitutes, a characteristic of some commodities in developing countries, the sign of the Stolper-Samuelson effect is reversed.-- Authors' Abstract. |
| format | Artículo preliminar |
| id | CGSpace156690 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2002 |
| publishDateRange | 2002 |
| publishDateSort | 2002 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1566902025-11-06T06:38:51Z Trade and tradability: exports, imports, and factor markets in the Salter-Swan model Robinson, Sherman Thierfelder, Karen exports imports trade mathematical models We extend the Salter-Swan model to include both factor markets and semi-traded goods. In our model, changes in relative factor prices depend on changes in world commodity prices, factor endowments, and the trade balance. In contrast, only changes in world commodity prices can affect factor prices in the neoclassical trade model. The inclusion of semi-traded goods weakens the magnification effect of both the Stolper-Samuelson and Rybczynski theorems. When imports and domestic goods are poor substitutes, a characteristic of some commodities in developing countries, the sign of the Stolper-Samuelson effect is reversed.-- Authors' Abstract. 2002 2024-10-24T12:45:07Z 2024-10-24T12:45:07Z Working Paper https://hdl.handle.net/10568/156690 en Open Access application/pdf International Food Policy Research Institute Robinson, Sherman; Thierfelder, Karen. 2002. Trade and tradability: exports, imports, and factor markets in the Salter-Swan model. TMD Discussion Paper 93. https://hdl.handle.net/10568/156690 |
| spellingShingle | exports imports trade mathematical models Robinson, Sherman Thierfelder, Karen Trade and tradability: exports, imports, and factor markets in the Salter-Swan model |
| title | Trade and tradability: exports, imports, and factor markets in the Salter-Swan model |
| title_full | Trade and tradability: exports, imports, and factor markets in the Salter-Swan model |
| title_fullStr | Trade and tradability: exports, imports, and factor markets in the Salter-Swan model |
| title_full_unstemmed | Trade and tradability: exports, imports, and factor markets in the Salter-Swan model |
| title_short | Trade and tradability: exports, imports, and factor markets in the Salter-Swan model |
| title_sort | trade and tradability exports imports and factor markets in the salter swan model |
| topic | exports imports trade mathematical models |
| url | https://hdl.handle.net/10568/156690 |
| work_keys_str_mv | AT robinsonsherman tradeandtradabilityexportsimportsandfactormarketsinthesalterswanmodel AT thierfelderkaren tradeandtradabilityexportsimportsandfactormarketsinthesalterswanmodel |