Trade-in-goods and trade-in-tasks: An Integrating Framework /
Baldwin, Richard.
Trade-in-goods and trade-in-tasks: An Integrating Framework / Richard Baldwin, Frédéric Robert-Nicoud. - Cambridge, Mass. National Bureau of Economic Research 2010. - 1 online resource: illustrations (black and white); - NBER working paper series no. w15882 . - Working Paper Series (National Bureau of Economic Research) no. w15882. .
April 2010.
Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade-in-task analogues to the four famous theorems (Heckscher-Ohlin, factor price equalisation, Stolper-Samuelson, and Rybczynski) and showing the standard gains-from-trade theorem does not hold for trade-in-tasks. We show trade-in-tasks creates intraindustry trade in a Walrasian economy, and derive necessary and sufficient conditions for analyzing the impact of trade-in-tasks on wages and production. Extensions of the integrating framework easily accommodate monopolistic competition and two-way offshoring/trade-in-tasks.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Trade-in-goods and trade-in-tasks: An Integrating Framework / Richard Baldwin, Frédéric Robert-Nicoud. - Cambridge, Mass. National Bureau of Economic Research 2010. - 1 online resource: illustrations (black and white); - NBER working paper series no. w15882 . - Working Paper Series (National Bureau of Economic Research) no. w15882. .
April 2010.
Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade-in-task analogues to the four famous theorems (Heckscher-Ohlin, factor price equalisation, Stolper-Samuelson, and Rybczynski) and showing the standard gains-from-trade theorem does not hold for trade-in-tasks. We show trade-in-tasks creates intraindustry trade in a Walrasian economy, and derive necessary and sufficient conditions for analyzing the impact of trade-in-tasks on wages and production. Extensions of the integrating framework easily accommodate monopolistic competition and two-way offshoring/trade-in-tasks.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.