The Armington General Equilibrium Model: Properties, Implications and Alternatives
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.
|Date of creation:||Feb 2008|
|Date of revision:|
|Publication status:||Published by the Productivity Commission, Australia.|
|Contact details of provider:|| Postal: Level 28, 35 Collins St, Melbourne Victoria 3000|
Phone: 61 3 9653 2100
Fax: 61 3 9653 2199
Web page: http://www.pc.gov.au/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ris:prodsw:0804. 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: (MAPS)
If references are entirely missing, you can add them using this form.