| |
| |
other seminars /
lectures / conferences |
|
 |
Faye Duchin, Dean at Rensselaer Politechnic Institute
(formerly Director of the Leontief Institute at New York) |
| |
A Generalized Trade Model
Based on Comparative Advantage with m Regions, n
Goods, and k Factors
wiiw, 15 April 2003, 1 p.m. |
|
This paper introduces the Generalized Trade Model, which determins
world prices, scarcity rents, and international trade flows
based on comparative advantage in a world economy with m
regions, n goods, and k factors. Major properties
of the model are demonstrated, including the source of the gains
from trade for the world as a whole and for individual regions.
Preliminary empirical results are reporte for a 10-region model
of the world economy.
Keywords: international trade, world model, comparative advantage,
linear programming, scarcity rents
JEL classification: F19, C61, C67 |
| |
|
|
