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A World Trade Model Based on Comparative Advantage with m Regions, n Goods, and k Factors

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Author Info
Faye Duchin () (Department of Economics, Rensselaer Polytechnic Institute, Troy NY 12180-3590, USA)

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Abstract

This paper describes the World Trade Model, a linear program that determines world prices, scarcity rents, and international trade flows based on comparative advantage in a world economy with m regions, n goods, and k factors. Major properties of the model are demonstrated, including the sources of the gains from trade for the world as a whole and for individual regions. Preliminary empirical results are reported for a 10-region, 8-good, 3-factor model of the world economy. The new model generalizes the World Model of Leontief, Carter, and Petri in ways which make it particularly useful for analyzing scenarios about sustainable development.

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Paper provided by Rensselaer Polytechnic Institute, Department of Economics in its series Rensselaer Working Papers in Economics with number 0309.

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Date of creation: Nov 2003
Date of revision: Mar 2004
Handle: RePEc:rpi:rpiwpe:0309

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Find related papers by JEL classification:
C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis
C67 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Input-Output Models
F19 - International Economics - - Trade - - - Other

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Trefler, Daniel, 1993. "International Factor Price Differences: Leontief Was Right!," Journal of Political Economy, University of Chicago Press, vol. 101(6), pages 961-87, December. [Downloadable!] (restricted)
  2. Duchin, Faye & Lange, Glenn-Marie, 1995. "The choice of technology and associated changes in prices in the U.S. economy," Structural Change and Economic Dynamics, Elsevier, vol. 6(3), pages 335-357, August. [Downloadable!] (restricted)
  3. Anders Hammer Strømman & Faye Duchin, 2005. "A World Trade Model with Bilateral Trade Based on Comparative Advantage," Rensselaer Working Papers in Economics 0509, Rensselaer Polytechnic Institute, Department of Economics, revised Jun 2006. [Downloadable!]
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  4. Trefler, Daniel, 1995. "The Case of the Missing Trade and Other Mysteries," American Economic Review, American Economic Association, vol. 85(5), pages 1029-46, December. [Downloadable!] (restricted)
  5. Leontief, Wassily, 1977. "The future of the world economy+," Socio-Economic Planning Sciences, Elsevier, vol. 11(3), pages 171-182. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Faye Duchin, 2003. "Household Lifestyles: Ideas for a Research Program," Rensselaer Working Papers in Economics 0310, Rensselaer Polytechnic Institute, Department of Economics. [Downloadable!]
  2. Lining He & Faye Duchin, 2007. "Regional Development in China: Interregional Transportation Infrastructure and Regional Comparative Advantage," Rensselaer Working Papers in Economics 0705, Rensselaer Polytechnic Institute, Department of Economics. [Downloadable!]
  3. Roxana Julia & Faye Duchin, 2005. "World Trade as the Adjustment Mechanism of Agriculture to Climate Change," Rensselaer Working Papers in Economics 0507, Rensselaer Polytechnic Institute, Department of Economics. [Downloadable!]
  4. Anders Hammer Strømman & Faye Duchin, 2006. "A world trade model with bilateral trade based on comparative advantage," Economic Systems Research, Taylor and Francis Journals, vol. 18(3), pages 281-297, September. [Downloadable!] (restricted)
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