INTRAINDUSTRY TRADE - A HECKSCHER-OHLIN-RICARDO APPROACH

• 成果类型: Article
• 署名作者: DAVIS, DR
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/0022-1996(95)01383-3
• 发表日期: 1995
• 页码: 201-226
• 关键词: INTRAINDUSTRY TRADE; Heckscher-Ohlin; Ricardian; TECHNOLOGICAL DIFFERENCES; Trade patterns

摘要

The large volume of intra-industry trade is often cited as a critical element favoring trade theories based on increasing returns and imperfect competition over those with constant returns and perfect competition. The former provide an elegant account of intra-industry trade, while the latter, it is often argued, cannot. This paper provides an account of intra-industry trade based squarely on comparative advantage. The key is to introduce elements of Ricardian trade theory within the Heckscher-Ohlin framework. This is appropriate, as essential characteristics of intra-industry trade imply that technical differences matter. Increasing returns, in short, are not necessary for intra-industry trade.