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 tran...
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| Format: | Journal article |
| Language: | English |
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Blackwell Publishing
1995
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