Producer services, comparative advantage, and international trade patterns

• 成果类型: Article
• 署名作者: vanMarrewijk, C; Stibora, J; deVaal, A; Viaene, JM
• 署名单位: Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Tinbergen Institute; University of London; London School Economics & Political Science; University of Groningen
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/S0022-1996(96)01472-9
• 发表日期: 1997
• 页码: 195-220
• 关键词: Heckscher-Ohlin model; monopolistic-competition model; producer services; Foreign direct investment

摘要

We unite the theories of factor abundance and monopolistic competition to explore the general equilibrium relations between trade in producer services, economies of scale and factor markets. In our model, two final goods are produced using capital, labor, and a variety of differentiated producer services that are produced under increasing returns to scale. We analyze the implications for comparative advantage and trade in goods between two countries that differ in factor endowments and in technology of service provision. Moreover, we use the concept of the integrated world equilibrium to investigate trade in goods and services, also when services require foreign direct investments.