Interacting factor endowments and trade costs: A multi-country, multi-good approach to trade theory

• 成果类型: Article
• 署名作者: Markusen, James R.; Venables, Anthony J.
• 署名单位: University of Colorado System; University of Colorado Boulder; University of Oxford; National Bureau of Economic Research; University College Dublin
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2007.03.005
• 发表日期: 2007
• 页码: 333-354
• 关键词: fragmentation; Trade costs; volume of trade; multi-country

摘要

We provide a synthetic analysis of the different ways in which countries participate in the world economy. Classic trade questions are reconsidered by generalizing a factor-proportions model to multiple countries, multiple goods or multi-stage production, and country-specific trade costs. Each country's production specialization, trade and welfare is determined by the interaction between its relative endowment and its trade costs. We consider the effects of allowing one good to 'fragment' into component and assembly production. The volume of trade and welfare levels are higher with fragmentation for most countries, although for many countries these variables fall with fragmentation. (C) 2007 Elsevier B.V. All rights reserved.