A 'Live' Version of the HOS Model with Interventions
We present a numerical version of the factor proportions (Heckscher-Ohlin-Samuelson) model of production in a small economy, built in Excel that features tax interventions at the input, output, consumption and trade levels. The model features the most common graphical devices used to explain the model properties, including integrating partial equilibrium geometry corresponding to the general equilibrium system. The solution is embedded in the sheet, making the use of the Solver add-in unnecessary. The model can be used to demonstrate the a wide variety of results from the neoclassical theory of commercial policy.
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- Brecher, Richard A. & Diaz Alejandro, Carlos F., 1977. "Tariffs, foreign capital and immiserizing growth," Journal of International Economics, Elsevier, vol. 7(4), pages 317-322, November.
- J. N. Bhagwati & T. N. Srinivasan, 1969. "Optimal Intervention to Achieve Non-Economic Objectives," Review of Economic Studies, Oxford University Press, vol. 36(1), pages 27-38.
- John Gilbert, 2009. "A 'Live' Version of the HOS Model in Excel," Working Papers 200902, Utah State University, Department of Economics and Finance, revised 16 Jun 2009.
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For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (John Gilbert)
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