Titlebook: 200 Years of Ricardian Trade Theory; Challenges of Global Ronald W. Jones,Rolf Weder Book 2017 Springer International Publishing AG 2017 Da

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https://doi.org/10.1007/978-3-031-23229-9tion) and shows the effects of trade liberalization on the pattern of trade, production and wages. The extension from two to many goods (2?×?N model) allows for an introduction of transportation costs as a basis to study the co-existence of internationally traded and nontraded goods as well as so-ca

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https://doi.org/10.1007/978-3-031-23229-9zing in the production of the good in which it is has a comparative advantage. A three-country, three-commodity setting with given numbers for each country’s labor requirement is used to illustrate possible patterns of trade. More recent trade models, such as the Swedish contribution by Heckscher an

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https://doi.org/10.1007/978-3-031-23229-9culties by which the two-by-two model is characterized in comparison to an endowment model. Further, it is examined why it is challenging to add further dimensions and extend the basic example to a three-by-three case. Three possible solutions of the challenges related to many-good and many-country

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