ECONOMIC GROWTH WITH TRADE IN FACTORS OF PRODUCTION
在李嘉图模型中研究生产要素被生产和贸易时的世界贸易均衡,发现即使没有技术转移、国际投资等,贸易仍通过比较优势影响经济增长,可能提高或不变增长率,且要素贸易可有效均等化技术。
We study the world trading equilibrium in a Ricardian model, where factors of production are produced and traded. Even in the absence of technology transfer, international investment, research and development, and aggregate scale effects, trade affects economic growth through comparative advantage. Trade may raise the growth rate or leave it unchanged, depending on the patterns of comparative and absolute advantage. Trade in factors of production can effectively equalize technology even when technology transfer does not occur. Factor price equalization may hold, but the Stolper–Samuelson and Rybczynski theorems do not. The transition dynamics can be monotonic or oscillatory.