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Pattern Of Trade And Economic Development In A Model Of Monopolistic Competition

In: An Inframarginal Approach To Trade Theory

Author

Listed:
  • Jeffrey Sachs

    (Harvard University, USA)

  • Xiaokai Yang

    (Harvard University, USA and Monash University, Australia)

  • Dingsheng Zhang

    (Monash University, Australia and Wuhan University, China)

Abstract

The following sections are included:IntroductionThe Model and Local Equilibria and Marginal Comparative Statics in Various Trade StructuresA consumer's decisionProduction of agricultural good (food) zProduction of final (or light) manufactured good yProduction of intermediate (or heavy manufactured) goodsPossible trade structuresLocal equilibrium in structure A (autarky)Local equilibrium in structures CLocal equilibrium in structures DLocal equilibrium in structures ELocal equilibrium in structures FGeneral Equilibrium and Inframarginal Comparative StaticsComparison with the Models with CRSThe H-O theoremThe S-S theoremFurther comparisonsThe development trapIndustrialization, income, and structureDevelopment strategiesConcluding RemarksReferences

Suggested Citation

  • Jeffrey Sachs & Xiaokai Yang & Dingsheng Zhang, 2005. "Pattern Of Trade And Economic Development In A Model Of Monopolistic Competition," World Scientific Book Chapters, in: An Inframarginal Approach To Trade Theory, chapter 10, pages 185-221, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812569257_0010
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    Cited by:

    1. Xueping Jiang & Jen-Mei Chang & Hui Sun, 2019. "Inframarginal Model Analysis of the Evolution of Agricultural Division of Labor," Mathematics, MDPI, vol. 7(12), pages 1-14, December.
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    3. Christis G. Tombazos & Xiaokai Yang & Dingsheng Zhang, 2005. "A Neo‐Heckscher–Ohlin Model of Trade with Endogenous Production Patterns," The Economic Record, The Economic Society of Australia, vol. 81(s1), pages 71-81, August.
    4. Fan, C. Simon, 2004. "Quality, trade, and growth," Journal of Economic Behavior & Organization, Elsevier, vol. 55(2), pages 271-291, October.

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    More about this item

    Keywords

    Inframarginal Economics; Trade Theory; Heckscher-Ohlin; Stopler-Samuelson; Ricardian Model of Trade; Classical and Nonclassical Mathematical Programming; Corner Solutions;
    All these keywords.

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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