Journal article
Variable labour supply and the pure theory of international trade: an empirical note
- Abstract:
- Previous writers have shown that variable labour supply may lead to perverse price output responses in the two-sector Heckscher-Ohlin model. This note attempts to assess the empirical likelihood, as opposed to the theoretical possibility, of such perversities. Using a range of plausible parameter values, we conclude that cases of a perverse price-output response consistent with dynamic stability of the model, though theoretically possible, are unlikely to arise in practice.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
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- Publisher copy:
- 10.1016/0022-1996(80)90005-7
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Authors
Bibliographic Details
- Publisher:
- North Holland Publishing Company
- Journal:
- Journal of international economics Journal website
- Volume:
- 10
- Issue:
- 4
- Pages:
- 549-559
- Publication date:
- 1980-11-01
- DOI:
- ISSN:
-
0022-1996
Item Description
- Language:
- English
- Keywords:
- Subjects:
- UUID:
-
uuid:2e64e332-71a3-4127-b358-64c9a343ea2e
- Local pid:
- ora:2225
- Deposit date:
- 2008-07-23
Related Items
Terms of use
- Copyright holder:
- Elsevier Science BV
- Copyright date:
- 1980
- Notes:
- N.B. Professor Neary was based at Trinity College Dublin when this article was first published. The full-text of the article is not available in ORA at this time. Citation: Martin, J. P. & Neary, J. P. (1980). 'Variable labour supply and the pure theory of international trade', Journal of International Economics, 10(4), 549-559. [Available at http://www.sciencedirect.com/science/journal/00221996].
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