International Trade Theories within a Unified Framework
A framework is developed which reduces to the three most popular models of international trade under different sets of assumptions. The key intuition is to focus on differences in per unit costs of production as determinants of trade patterns. This focus on per-unit costs clearly defines the links between between the Ricardian, the Hecksher-Ohlin, and the Economies of Scale Trade Theories. Examining the assumptions that are sufficient (but not necessary) for each case to hold provides a foundation which Facilitates student understanding. Students of international trade can see how these theories are inter-related, instead of viewing them in isolation as in the standard textbook expositions.
Volume (Year): ()
Issue (Month): ()
|Contact details of provider:|| Web page: http://www.mtsu.edu/~jeeEmail: |
More information through EDIRC
References listed on IDEAS
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.:
- A. W. Coats, 1996. "Introduction," History of Political Economy, Duke University Press, vol. 28(5), pages 3-11, Supplemen.
When requesting a correction, please mention this item's handle: RePEc:mts:jrnlee:200808. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sally Govan)
If references are entirely missing, you can add them using this form.