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Title: |
The Ricardian Factor Endowment Theory of International Trade |
| Author: |
Ruffin, Roy J. |
| Author
Affiliation: |
U Houston |
| Source: |
International Economic Journal, Winter 1990, v. 4, no. 4, pp. 1-19 |
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Publication Date: |
Winter 1990 |
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Abstract: |
In the Ricardian factor endowment theory
of international trade all exchange is based on simple Ricardian
comparative (technological) advantages. International trade takes place
because different countries have different factor endowments of
identical factors of production. This paper gives a popular introduction
to the model and shows how it sheds new light on the age-old question of
who gains from international trade. The paper also illustrates how the
model can be used to analyze technology differences in international
trade and the product cycle. |
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