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: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Wiley
2003
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/157847 |
| _version_ | 1855539299741597696 |
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| author | Thierfelder, Karen Robinson, Sherman |
| author_browse | Robinson, Sherman Thierfelder, Karen |
| author_facet | Thierfelder, Karen Robinson, Sherman |
| author_sort | Thierfelder, Karen |
| 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 | Journal Article |
| id | CGSpace157847 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2003 |
| publishDateRange | 2003 |
| publishDateSort | 2003 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1578472024-10-24T12:52:09Z Trade and tradability: exports, imports, and factor markets in the Salter-Swan model Thierfelder, Karen Robinson, Sherman 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. 2003-03 2024-10-24T12:52:09Z 2024-10-24T12:52:09Z Journal Article https://hdl.handle.net/10568/157847 en Limited Access Wiley Thierfelder, Karen; Robinson, Sherman. 2003. Trade and tradability: exports, imports, and factor markets in the Salter-Swan model. The Economic Record 79(244): 103-111. https://doi.org/10.1111/1475-4932.00081 |
| spellingShingle | exports imports trade mathematical models Thierfelder, Karen Robinson, Sherman 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/10568/157847 |
| work_keys_str_mv | AT thierfelderkaren tradeandtradabilityexportsimportsandfactormarketsinthesalterswanmodel AT robinsonsherman tradeandtradabilityexportsimportsandfactormarketsinthesalterswanmodel |