Trade theorems in a model of vertical production chain
AbstractThis paper investigates the Rybczynski theorem, the Stolper-Samuelson theorem, and the Heckscher-Ohlin theorem in a two-factor vertical production chain model of trade. For this purpose, capital is introduced into the model of Yano and Dei [Yano, M., & Dei, F. (2003). Trade, vertical production chain, and competition policy. Review of International Economics, 11(2), 237-252.]. A primary analytic device is the economy-wide production curve. This curve is derived under autarky and free trade, respectively.
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Bibliographic InfoArticle provided by Elsevier in its journal International Review of Economics & Finance.
Volume (Year): 18 (2009)
Issue (Month): 1 (January)
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Web page: http://www.elsevier.com/locate/inca/620165
Vertical production chain Rybczynski theorem Stolper-Samuelson theorem Heckscher-Ohlin theorem;
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- Yano, Makoto, 2001. "Trade Imbalance and Domestic Market Competition Policy," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 42(3), pages 729-50, August.
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- Ronald W. Jones, 1965. "The Structure of Simple General Equilibrium Models," Journal of Political Economy, University of Chicago Press, vol. 73, pages 557.
- Rui Ota, 2006. "Adjustability in production and dynamic effects of domestic competition policy," Journal of International Trade & Economic Development, Taylor and Francis Journals, vol. 15(4), pages 431-439.
- Makoto Yano & Fumio Dei, 2003. "Trade, Vertical Production Chain, and Competition Policy," Review of International Economics, Wiley Blackwell, vol. 11(2), pages 237-252, 05.
- Takakazu Honryo & Makoto Yano, 2006. "Short-Run Trade Surplus Creation In A Two-Sector Setting," The Japanese Economic Review, Japanese Economic Association, vol. 57(4), pages 476-482.
- Mandal, Biswajit & Marjit, Sugata, 2010. "Corruption and wage inequality?," International Review of Economics & Finance, Elsevier, vol. 19(1), pages 166-172, January.
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