Substitution in Markusen's classic trade and factor movement complementarity models:
"Mundell and Markusen each wrote classic papers on the relationship between trade and factor movement. Mundell showed that substitution holds in the Heckscher-Ohlin model. Markusen challenged the substitution result and showed in five different models that removing barriers to factor movement r...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
2006
|
| Schriftenreihe: | Policy research working paper
3974 |
| Schlagworte: | |
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| Zusammenfassung: | "Mundell and Markusen each wrote classic papers on the relationship between trade and factor movement. Mundell showed that substitution holds in the Heckscher-Ohlin model. Markusen challenged the substitution result and showed in five different models that removing barriers to factor movement results in complementarity under free trade, identical factor endowments, and a change in any one of the other assumptions underlying the Heckscher-Ohlin model. The author generalizes Markusen's analysis by considering the liberalization of barriers to factor movement under any non-negative level of protection, and liberalizing trade barriers under factor mobility. He shows that (1) substitution holds at high protection levels, (2) complementarity holds at low protection levels, and (3) either substitution or complementarity hold under large tariff changes. "--World Bank web site |
| Beschreibung: | Includes bibliographical references. - Title from PDF file as viewed on 8/21/2006 Erscheinungsjahr in Vorlageform:[2006] Weitere Ausgabe: Schiff, Maurice W: Substitution in Markusen's classic trade and factor movement complementarity models |
| Beschreibung: | 1 Online-Ressource |
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| 520 | 1 | |a "Mundell and Markusen each wrote classic papers on the relationship between trade and factor movement. Mundell showed that substitution holds in the Heckscher-Ohlin model. Markusen challenged the substitution result and showed in five different models that removing barriers to factor movement results in complementarity under free trade, identical factor endowments, and a change in any one of the other assumptions underlying the Heckscher-Ohlin model. The author generalizes Markusen's analysis by considering the liberalization of barriers to factor movement under any non-negative level of protection, and liberalizing trade barriers under factor mobility. He shows that (1) substitution holds at high protection levels, (2) complementarity holds at low protection levels, and (3) either substitution or complementarity hold under large tariff changes. "--World Bank web site | |
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| id | DE-604.BV040618579 |
| illustrated | Not Illustrated |
| indexdate | 2024-08-27T04:18:03Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025446078 |
| oclc_num | 874234771 |
| open_access_boolean | |
| owner | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| owner_facet | DE-12 DE-1102 DE-1051 DE-521 DE-863 DE-BY-FWS DE-862 DE-BY-FWS DE-522 DE-858 DE-573 DE-860 DE-1046 DE-1047 DE-Aug4 DE-2070s DE-M347 DE-1049 DE-898 DE-BY-UBR DE-128 DE-M352 DE-70 DE-92 DE-150 DE-155 DE-BY-UBR DE-22 DE-BY-UBG DE-91 DE-BY-TUM DE-384 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-739 DE-20 DE-703 DE-706 DE-355 DE-BY-UBR DE-29 DE-859 DE-Re13 DE-BY-UBR DE-523 |
| physical | 1 Online-Ressource |
| psigel | ZDB-1-WBA |
| publishDate | 2006 |
| publishDateSearch | 2006 |
| publishDateSort | 2006 |
| publisher | World Bank |
| record_format | marc |
| series2 | Policy research working paper |
| spellingShingle | Schiff, Maurice W. 1950- Substitution in Markusen's classic trade and factor movement complementarity models Mathematisches Modell |
| title | Substitution in Markusen's classic trade and factor movement complementarity models |
| title_auth | Substitution in Markusen's classic trade and factor movement complementarity models |
| title_exact_search | Substitution in Markusen's classic trade and factor movement complementarity models |
| title_full | Substitution in Markusen's classic trade and factor movement complementarity models Maurice Schiff |
| title_fullStr | Substitution in Markusen's classic trade and factor movement complementarity models Maurice Schiff |
| title_full_unstemmed | Substitution in Markusen's classic trade and factor movement complementarity models Maurice Schiff |
| title_short | Substitution in Markusen's classic trade and factor movement complementarity models |
| title_sort | substitution in markusen s classic trade and factor movement complementarity models |
| topic | Mathematisches Modell |
| topic_facet | Mathematisches Modell |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3974 |
| work_keys_str_mv | AT schiffmauricew substitutioninmarkusensclassictradeandfactormovementcomplementaritymodels AT worldbank substitutioninmarkusensclassictradeandfactormovementcomplementaritymodels |