Trade-in-Goods and Trade-in-Tasks: An Integrating Framework. Working Paper No.15882

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Trade-in-Goods and Trade-in-Tasks: An Integrating Framework. Working Paper No.15882 (2010)

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by Richard Baldwin , Frédéric Robert-nicoud

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15 - 3 self

BibTeX

@MISC{Baldwin10trade-in-goodsand,
    author = {Richard Baldwin and Frédéric Robert-nicoud},
    title = {Trade-in-Goods and Trade-in-Tasks: An Integrating Framework. Working Paper No.15882},
    year = {2010}
}

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Abstract

Our paper integrates results from trade-in-task theory into mainstream trade theory by developing trade-in-task analogues to the four famous theorems (Heckscher-Ohlin, factor price equalisation, Stolper-Samuelson, and Rybczynski) and showing the standard gains-from-trade theorem does not hold for trade-in-tasks. We show trade-in-tasks creates intraindustry trade in a Walrasian economy, and derive necessary and sufficient conditions for analyzing the impact of trade-in-tasks on wages and production. Extensions of the integrating framework easily accommodate

Keyphrases

integrating framework standard gains-from-trade theorem sufficient condition factor price equalisation walrasian economy trade-in-task analogue trade-in-task theory famous theorem trade-in-tasks creates mainstream trade theory

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