The trade-wage debate in a model with nontraded goods: making room for labor economists in labor theory
The Heckscher-Ohlin-Samuelson (HOS) model in international trade theory provides a powerful general-equilibrium paradigm for analyzing the impact of changes in trade on factor returns. In the HOS model, factor returns are determined solely by commodity prices, which are determined on large world mar...
| Autores principales: | , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
1996
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/157116 |
| _version_ | 1855524411609710592 |
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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 | The Heckscher-Ohlin-Samuelson (HOS) model in international trade theory provides a powerful general-equilibrium paradigm for analyzing the impact of changes in trade on factor returns. In the HOS model, factor returns are determined solely by commodity prices, which are determined on large world markets. Changes in factor supplies affect the structure of production and trade, but not relative factor returns. In this framework, there is little room for labor economists who focus on partial-equilibrium analysis of supply and demand in factor markets. The authors extend the HOS model to include nontraded goods, distinguishing them theoretically from "nontradable" goods. The resulting 1-2-2-3 model applied to one country with two production activities using two factors of production but consuming a third imported good. We show that the HOS model is a special case of the 1-2-2-3 model when imports and domestic goods are perfect substitutes." |
| format | Artículo preliminar |
| id | CGSpace157116 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1996 |
| publishDateRange | 1996 |
| publishDateSort | 1996 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1571162025-11-06T06:08:09Z The trade-wage debate in a model with nontraded goods: making room for labor economists in labor theory Robinson, Sherman Thierfelder, Karen international trade labour economics economic indicators models production economics The Heckscher-Ohlin-Samuelson (HOS) model in international trade theory provides a powerful general-equilibrium paradigm for analyzing the impact of changes in trade on factor returns. In the HOS model, factor returns are determined solely by commodity prices, which are determined on large world markets. Changes in factor supplies affect the structure of production and trade, but not relative factor returns. In this framework, there is little room for labor economists who focus on partial-equilibrium analysis of supply and demand in factor markets. The authors extend the HOS model to include nontraded goods, distinguishing them theoretically from "nontradable" goods. The resulting 1-2-2-3 model applied to one country with two production activities using two factors of production but consuming a third imported good. We show that the HOS model is a special case of the 1-2-2-3 model when imports and domestic goods are perfect substitutes." 1996 2024-10-24T12:47:27Z 2024-10-24T12:47:27Z Working Paper https://hdl.handle.net/10568/157116 en Open Access application/pdf International Food Policy Research Institute Robinson, Sherman; Thierfelder, Karen. 1996. The trade-wage debate in a model with nontraded goods: making room for labor economists in labor theory. TMD Discussion Paper 9. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/157116 |
| spellingShingle | international trade labour economics economic indicators models production economics Robinson, Sherman Thierfelder, Karen The trade-wage debate in a model with nontraded goods: making room for labor economists in labor theory |
| title | The trade-wage debate in a model with nontraded goods: making room for labor economists in labor theory |
| title_full | The trade-wage debate in a model with nontraded goods: making room for labor economists in labor theory |
| title_fullStr | The trade-wage debate in a model with nontraded goods: making room for labor economists in labor theory |
| title_full_unstemmed | The trade-wage debate in a model with nontraded goods: making room for labor economists in labor theory |
| title_short | The trade-wage debate in a model with nontraded goods: making room for labor economists in labor theory |
| title_sort | trade wage debate in a model with nontraded goods making room for labor economists in labor theory |
| topic | international trade labour economics economic indicators models production economics |
| url | https://hdl.handle.net/10568/157116 |
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