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...

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Bibliographic Details
Main Authors: Thierfelder, Karen, Robinson, Sherman
Format: Journal Article
Language:Inglés
Published: Wiley 2003
Subjects:
Online Access:https://hdl.handle.net/10568/157847
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