The gains from trade revisited

Soo, Kwok Tong (2011) The gains from trade revisited. International Review of Economics and Finance, 20 (2). pp. 193-201. ISSN 1059-0560

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This paper revisits the issue of whether countries gain more from trading with countries that are similar to themselves, or with countries that are different. A model based on relative endowment and technological differences across countries is developed. The main result is that a country may experience a region of increasing gains from trade as its trading partner becomes more similar to itself in terms of relative endowments. The model also predicts that for countries with sufficiently similar relative endowments, both factors of production may experience gains from trade.

Item Type:
Journal Article
Journal or Publication Title:
International Review of Economics and Finance
Uncontrolled Keywords:
?? gains from tradeneoclassical trade modeleconomicsfinanceeconomics and econometrics ??
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Deposited On:
16 Dec 2011 16:13
Last Modified:
31 Dec 2023 00:23