Factor prices and international trade
Subtitle: a unifying perspective
By: Ariel Burstein, Jonathan Vogel
Contributors: Vogel, Jonathan, 1979-; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16904; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16904.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "How do trade liberalizations affect relative factor prices and to what extent do they cause factors to reallocate across sectors? We first present a general framework that nests a wide range of models that have been used to study the link between globalization and factor prices.  Under some restrictions, changes in the "factor content of trade" are sufficient statistics for the impact of trade on relative factor prices.  We then study the determination of the factor content of trade in a specific version of our general framework featuring imperfect competition, increasing returns to scale, and heterogeneous producers.  We show how heterogeneous firms' decisions shape the factor content of trade, and, therefore, the impact of trade liberalization on relative factor prices and between-sector factor allocation"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/9/2011.

Includes bibliographical references.

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