IDEAS home Printed from https://ideas.repec.org/a/mts/jrnlee/200808.html
   My bibliography  Save this article

International Trade Theories within a Unified Framework

Author

Listed:
  • John Roufagalas
  • Sumati Srinivas

Abstract

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.

Suggested Citation

  • John Roufagalas & Sumati Srinivas, . "International Trade Theories within a Unified Framework," Journal for Economic Educators, Middle Tennessee State University, Business and Economic Research Center.
  • Handle: RePEc:mts:jrnlee:200808
    as

    Download full text from publisher

    File URL: http://frank.mtsu.edu/~jee/fall2008/3-MS208-LinkingInternationalTradeTheories.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. A. W. Coats, 1996. "Introduction," History of Political Economy, Duke University Press, vol. 28(5), pages 3-11, Supplemen.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. 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). General contact details of provider: http://edirc.repec.org/data/efmtsus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.