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Relative endowments and the volume of trade

Soo, K T (2009) Relative endowments and the volume of trade. Journal of Economic Integration, 24 (4). pp. 744-764. ISSN 1225-651X

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Abstract

This paper provides evidence that the volume of trade may increase as countries’ relative endowments become more similar. A model is developed that can explain this phenomenon. The model is a four-good version of the Davis (1995) Heckscher-Ohlin-Ricardo model of international trade based on technological and factor endowment differences across countries. In the model, trade volumes may increase with greater similarity in relative endowments, because productivity differences across countries mean that countries’ production becomes increasingly specialised the more similar are their relative endowments.

Item Type: Article
Journal or Publication Title: Journal of Economic Integration
Uncontrolled Keywords: international trade ; trade volume ; integrated equilibrium
Subjects: UNSPECIFIED
Departments: Lancaster University Management School > Economics
ID Code: 45572
Deposited By: ep_importer_pure
Deposited On: 11 Jul 2011 19:34
Refereed?: Yes
Published?: Published
Last Modified: 24 Jan 2014 05:21
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/45572

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