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Theories of Interregional Trade and Theories of Value

Author

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  • T J Barnes

    (Department of Geography, University of British Columbia, Vancouver, BC V6T 1W5, Canada)

Abstract

In this paper the Heckscher-Ohlin-Samuelson trade theory, Emmanuel's theory of unequal exchange, and a trade theory based upon the work of Piero Sraffa are examined within the context of interregional trade. It is argued that a suitable criterion for judging between these three trade theories is their underlying value theory. After examining each of the three trade theories with respect to the various debates surrounding their value theories, it is concluded that a Sraffan trade theory appears to have, of the three, the most logically sound foundation. As a consequence, an explicitly spatial Sraffan interregional trade theory is constructed.

Suggested Citation

  • T J Barnes, 1985. "Theories of Interregional Trade and Theories of Value," Environment and Planning A, , vol. 17(6), pages 729-746, June.
    • Handle: RePEc:sae:envira:v:17:y:1985:i:6:p:729-746
    DOI: 10.1068/a170729
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    References listed on IDEAS

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    1. Harry W. Richardson, 1978. "The State of Regional Economics: A Survey Article," International Regional Science Review, , vol. 3(1), pages 1-48, October.
    2. Harcourt,G. C., 1972. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9780521096720.
    3. John R. Moroney & James M. Walker, 1966. "A Regional Test of the Heckscher-Ohlin Hypothesis," Journal of Political Economy, University of Chicago Press, vol. 74(6), pages 573-573.
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    Cited by:

    1. Andrea Ricci, 2016. "Unequal Exchange in International Trade:A General Model," Working Papers 1605, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.

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