Factor Mobility and International Trade.
This paper develops a two-country model of trade and factor mobility in which capital is sector-specific but internationally mobile. The model avoids the indeterminacy and propensity to specialize of Heckscher-Ohlin models and exhibits a rich variety of responses to exogenous shocks, including trans...
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| Format: | Journal article |
| Sprache: | English |
| Veröffentlicht: |
1995
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