A 'Live' Version of the Specific Factors Model in Excel
AbstractWe present a numerical version of the specific factors model of production/trade in a small economy, built in Excel. The model features the most common graphical devices used to explain the model properties. It differs from earlier work in that the solution is embedded in the sheet, making the use of the Solver add-in unnecessary. The equilibrium values and graphics respond instantly to changes in parameters/exogenous variables. The model can be used to demonstrate the usual properties (price-factor price relations, etc.) of the specific factors model.
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.
Bibliographic InfoPaper provided by Utah State University, Department of Economics in its series Working Papers with number 2009-12.
Length: 12 pages
Date of creation: 11 Oct 2009
Date of revision: 11 Oct 2009
Specific factors model; Excel;
Other versions of this item:
- John Gilbert, 2009. "A 'Live' Version of the Specific Factors Model in Excel," Working Papers 200906, Utah State University, Department of Economics and Finance, revised 11 Oct 2009.
- A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- F1 - International Economics - - Trade
This paper has been announced in the following NEP Reports:
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.:
- John Gilbert, 2009.
"A 'Live' Version of the HOS Model in Excel,"
2009-02, Utah State University, Department of Economics, revised 10 Jun 2009.
- John Gilbert & Reza Oladi, 2011. "Excel Models for International Trade Theory and Policy: An Online Resource," The Journal of Economic Education, Taylor & Francis Journals, vol. 42(1), pages 95-95, January.
- Soumaya M. Tohamy & J. Wilson Mixon, 2003. "Lessons from the Specific Factors Model of International Trade," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(2), pages 139-150, January.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (John Gilbert).
If references are entirely missing, you can add them using this form.