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US Pork and China Trade in a Specific Factors Model

Author

Listed:
  • Osei-Agyeman
  • Ofori Boadu, Yeboah Victor
  • Thompson, Henry

Abstract

Trade with China affects US outputs and factor prices, gauged in the present paper with an applied specific factors model of production focused on pork production. Capital returns closely mirror price changes in the comparative static adjustments. Pork output increases slightly but much more in the long run as investment pursues higher return. Wages of agricultural workers rise while production wages fall in the general equilibrium adjustment.

Suggested Citation

  • Osei-Agyeman & Ofori Boadu, Yeboah Victor & Thompson, Henry, 2012. "US Pork and China Trade in a Specific Factors Model," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 13(2), pages 1-7.
    • Handle: RePEc:ags:aergaa:253509
    DOI: 10.22004/ag.econ.253509
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    References listed on IDEAS

    as
    1. Chang, Winston W, 1979. "Some Theorems of Trade and General Equilibrium with Many Goods and Factors," Econometrica, Econometric Society, vol. 47(3), pages 709-726, May.
    2. Jones, Ronald W & Scheinkman, Jose A, 1977. "The Relevance of the Two-Sector Production Model in Trade Theory," Journal of Political Economy, University of Chicago Press, vol. 85(5), pages 909-935, October.
    3. Henry Thompson, 2000. "Economic Integration," World Scientific Book Chapters, in: International Economics Global Markets and International Competition, chapter 9, pages 298-334, World Scientific Publishing Co. Pte. Ltd..
    4. Ronald W. Jones, 2018. "The Structure of Simple General Equilibrium Models," World Scientific Book Chapters, in: International Trade Theory and Competitive Models Features, Values, and Criticisms, chapter 4, pages 61-84, World Scientific Publishing Co. Pte. Ltd..
    Full references (including those not matched with items on IDEAS)

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