Variable Returns to Scale, Non-uniqueness of Equilibrium and the Gains from International Trade
AbstractExisting conditions for gainful trade under conditions of variable returns to scale are merely sufficient. Basing themselves on the possible nonuniqueness of the production equilibrium under variable returns, the authors develop a globally valid necessary and sufficient condition for gainful trade. In particular, it is shown that trade may be gainful without changes in product prices, even if trade results in a loss of productivity. Copyright 1991 by The Review of Economic Studies Limited.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Wiley Blackwell in its journal Review of Economic Studies.
Volume (Year): 58 (1991)
Issue (Month): 4 (July)
Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6527
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Roy J. Ruffin & Wilfred J. Ethier, 2011. "Protectionism and Increasing Returns with Comparative-Cost Disadvantage," PIER Working Paper Archive 11-027, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Graham, Bryan S & Temple, Jonathan, 2001.
"Rich Nations, Poor Nations: How Much can Multiple Equilibria Explain?,"
CEPR Discussion Papers
3046, C.E.P.R. Discussion Papers.
- Bryan Graham & Jonathan Temple, 2006. "Rich Nations, Poor Nations: How Much Can Multiple Equilibria Explain?," Journal of Economic Growth, Springer, vol. 11(1), pages 5-41, 03.
- Graham, Bryan S. & Jonathan Temple, 2002. "Rich Nations, Poor Nations: How much can multiple equilibria explain?," Royal Economic Society Annual Conference 2002 91, Royal Economic Society.
- Bryan S. Graham & Jonathan R. W. Temple, 2004. "Rich nations, poor nations: how much can multiple equilibria explain?," The Institute for International Integration Studies Discussion Paper Series iiisdp017, IIIS.
- Dmytro Kylymnyuk & Lilia Maliar & Serguei Maliar, 2007.
"A model of unbalanced sectorial growth with application to transition economies,"
Economic Change and Restructuring,
Springer, vol. 40(4), pages 309-325, December.
- Lilia Maliar & Dmytro Kylymnyuk & Serguei Maliar, 2005. "A Model Of Unbalanced Sectorial Growth With Application To Transition Economies," Working Papers. Serie AD 2005-26, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Lilia Maliar & Dmytro Kylymnyuk & Serguei Maliar, 2004.
"Rich, Poor And Growth-Miracle Nations: Multiple Equilibria Revisited,"
Working Papers. Serie AD
2004-39, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Kylymnyuk Dmytro & Maliar Lilia & Maliar Serguei, 2007. "Rich, Poor and Growth-Miracle Nations: Multiple Equilibria Revisited," The B.E. Journal of Macroeconomics, De Gruyter, vol. 7(1), pages 1-44, August.
- Mercenier, Jean, 1995.
"Nonuniqueness of Solutions in Applied General Equilibrium Models with Scale Economies and Imperfect Competition,"
Springer, vol. 6(1), pages 161-77, June.
- Jean Mercenier, 1994. "Nonuniqueness of solutions in applied general equilibrium models with scale economies and imperfect competition," Staff Report 183, Federal Reserve Bank of Minneapolis.
- Sachs, Jeffrey & Yang, Xiaokai & Zhang, Dingsheng, 2000. "Globalization, dual economy, and economic development," China Economic Review, Elsevier, vol. 11(2), pages 189-209, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.