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Title: |
Factor Endowments and Trade with Increasing
Returns: Generalizations and Extensions |
| Author: |
Markusen, James
R.; Svensson, Lars E. O. |
| Author
Affiliation: |
U CO; U
Stockholm |
| Source: |
International Economic Journal, Autumn 1990, v. 4, no. 3, pp. 1-21 |
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Publication Date: |
Autumn 1990 |
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Abstract: |
Existing trade models using scale
economies of the external or average-cost-pricing type tend to be
restrictive in terms of dimensionality, functional forms, etc.
Robustness of the results is unclear, and the purpose of this paper is
to reexamine the same issues in a more general model. Some degree of
generalization is achieved on the issues of (1) the direction of trade,
(2) international factor-price differences, (3) factor mobility and the
volume of trade, and (4) the welfare effects of endowment changes. |
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