The Greater the Differences, the Greater the Gains?
AbstractThis paper addresses the fundamental question of whether, in a comparative-advantage context, the gains from trade will be greater when the differences between trading countries are greater. Such a presumption is established. The paper then discusses circumstances that could cause the presumption to fail.
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Bibliographic InfoPaper provided by International School of Economics at TSU, Tbilisi, Republic of Georgia in its series Working Papers with number 001-08.
Length: 10 pages
Date of creation: Nov 2007
Date of revision: Mar 2008
trade gains; international differences;
Find related papers by JEL classification:
- D60 - Microeconomics - - Welfare Economics - - - General
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
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.:
- Kemp, Murray C & Wan, Henry Y, Jr, 1972. "The Gains from Free Trade," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(3), pages 509-22, October.
- Grandmont, J. M. & McFadden, D., 1972. "A technical note on classical gains from trade," Journal of International Economics, Elsevier, vol. 2(2), pages 109-125, May.
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