Factor Trade and Goods Trade / Lars E.O. Svensson.

By:

Svensson, Lars E.O

Contributor(s):

National Bureau of Economic Research

Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w0999.Publication details: Cambridge, Mass. National Bureau of Economic Research 1982.Description: 1 online resource: illustrations (black and white)Subject(s):

F - International Economics

Online resources:

Available additional physical forms:

Hardcopy version available to institutional subscribers

Abstract: Previous work by Dixit and Woodland on the effect of inter-country factor endowment differences on goods trade is extended to include simultaneous factor trade and goods trade. The goods trade pattern with factor trade is compared to that without factor trade. It is for instance shown that goods trade and factor trade may be substitutes or complements, depending upon whether traded and nontraded factors are "cooperative" or "non-cooperative." The asymmetry between the effects of differences in endowments of traded and differences in endowments of nontraded factors is emphasized.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w0999 (Browse shelf(Opens below))	Not For Loan

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Previous	nber w0996 Arbitrage, Factor Structure, and Mean-Variance Analysis on Large Asset Markets /	nber w0997 Adjustment to Expected and Unexpected Oil Price Changes /	nber w0998 Cost-of-Living Adjustment Clauses in Union Contracts /	nber w0999 Factor Trade and Goods Trade /	nber w1000 Partial Retirement and Wage Profiles of Older Workers /	nber w10000 Trade Wars: The Exaggerated Impact of Trade in Economic Debate /	nber w10001 US-Europe Differences in Technology-Driven Growth: Quantifying the Role of Education /	Next

October 1982.

Previous work by Dixit and Woodland on the effect of inter-country factor endowment differences on goods trade is extended to include simultaneous factor trade and goods trade. The goods trade pattern with factor trade is compared to that without factor trade. It is for instance shown that goods trade and factor trade may be substitutes or complements, depending upon whether traded and nontraded factors are "cooperative" or "non-cooperative." The asymmetry between the effects of differences in endowments of traded and differences in endowments of nontraded factors is emphasized.