非贸易商品下要素价格均等化的可能性

On the Likelihood of Factor Price Equalization with Nontraded Goods

International Economic Review · 1990
被引 28
人大 AABS 4

中文导读

论证非贸易商品会降低要素价格均等化的可能性,通过将非贸易商品加入小型开放经济的赫克歇尔-俄林模型,发现多样化锥的大小会因非贸易商品支出比例而缩小,从而降低要素禀赋落入锥内的概率。

Abstract

It is argued that nontraded goods reduce the likelihood of factor price equalization. Specifically, the addition of nontraded goods to a small, open-economy Heckscher-Ohlin model with any number of goods reduces the size of the cone of diversification by the fraction of income spent on nontraded goods. This in turn may be regarded as reducing by a comparable amount the likelihood that a country's factor endowments will lie within that cone and, thus, the likelihood of factor price equalization. Copyright 1990 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

要素价格均等化非贸易品赫克歇尔-俄林模型多样化锥