Sorting it out
Subtitle: international trade and protection with heterogeneous workers
By: Franziska Ohnsorge, Daniel Trefler.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10959; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10959.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: International trade -- Mathematical models.; Protectionism -- Mathematical models.
Description: "The two models of international trade with developed factor markets -- Heckscher-Ohlin and Specific Factors -- both suffer significant defects.  For example, their predictions about the patterns of domestic production and international trade are for the most part either indeterminate or uselessly complex.  The problem with these models is that the supply of factors to an industry is either perfectly elastic or perfectly inelastic.  Using a model in which heterogeneous workers sort across industries we eliminate this problem.  The result is a multi-good model with sharp predictions about (1) the domestic pattern of production, (2) North-North and North-South trade, (3) the demand for protection, (4) the determinants of domestic income distribution, and (5) the effect of trade on economic development"--National Bureau of Economic Research web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 12/15/2004.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.