Factor mobility and international trade
|Title:||Factor mobility and international trade||Authors:||Neary, J. Peter||Permanent link:||http://hdl.handle.net/10197/1754||Date:||16-Jun-1994||Abstract:||This paper develops a two-country model of trade and factor mobility in which capital is sector-specific but internationally mobile. The model avoids the implausible predictions of specialisation in Heckscher-Ohlin models and exhibits a rich variety of responses to exogenous shocks, including transfers, capital taxes, and tariffs. The results throw light on the relationship between goods and factor trade, reconciling the conflicting views of previous writers. It is argued that the model holds out the possibility of a new paradigm in international trade theory in which international factor movements play a central rather than a peripheral role.||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Keywords:||International capital mobility; International trade; Tariffs and capital taxes; Sector-specific capital||Subject LCSH:||International trade--Mathematical models
|Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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