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The Armington General Equilibrium Model: Properties, Implications and Alternatives

Author

Listed:
  • Xiao-Guang Zhang

    (Productivity Commission)

Abstract

The purpose of this paper is to contrast an Armington-based model with the traditional Heckscher-Ohlin framework familiar to textbook trade theory. The models concentrate on different aspects of the gains from trade, and both have deficiencies. The paper argues that by combining both frameworks, the hybrid Arminton-Heckscher-Ohlin model inherits the strengths of both models. The views expressed in this paper are those of the staff involved and do not necessarily reflect those of the Productivity Commission.

Suggested Citation

  • Xiao-Guang Zhang, 2008. "The Armington General Equilibrium Model: Properties, Implications and Alternatives," Staff Working Papers 0804, Productivity Commission, Government of Australia.
  • Handle: RePEc:ris:prodsw:0804
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    File URL: http://www.pc.gov.au/__data/assets/pdf_file/0019/76402/armingtongeneralequilibrium.pdf
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    File URL: http://www.pc.gov.au/research/staffworkingpaper/armingtongeneralequilibriummodel
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    Cited by:

    1. Peter B. Dixon & Maureen T. Rimmer, 2008. "Welfare effects of unilateral changes in tariffs: the case of Motor vehicles and parts in Australia," Centre of Policy Studies/IMPACT Centre Working Papers g-177, Victoria University, Centre of Policy Studies/IMPACT Centre.

    More about this item

    Keywords

    trade; tariffs; economic modelling;

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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