منابع مشابه
Factor Endowments, Democracy, and Trade Policy Divergence
We develop a stochastic model of electoral competition in order to study the economic and political determinants of trade policy. We model a small open economy with two tradable goods, each of which is produced using a sectorspecific factor (e.g., land and capital) and another factor that is mobile between these tradable sectors (labor); one nontradable good, which is also produced using a spec...
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The central paradigm of world trade patterns divides this into two elements. Trade between North and South is viewed as determined by traditional comparative advantage, largely determined by differences in endowment patterns. Trade within the North is viewed as determined by specialization due to economies of scale and product differentiation. In this paper, we will argue that this division is ...
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It is known that a theory in S5-epistemic logic with several agents may have numerous models. This is because each such model specifies also what an agent knows about infinite intersections of events, while the expressive power of the logic is limited to finite conjunctions of formulas. We show that this asymmetry between syntax and semantics persists also when infinite conjunctions (up to some...
متن کاملVertical Specialization and Intra-industry Trade: the Role of Factor Endowments
In this paper, we rely on vertical differentiation models (Falvey-Kierzkowski type) to study the effects of differences in factor endowments on vertical intra-industry specialization. These effects can vary depending on the relative position of each country in terms of both its specialization in high or low qualities and its technological (dis)advantage. We focus on the Spanish intra-industry t...
متن کاملInequality in Republican Latin America: Assessing the Effects of Factor Endowments and Trade∗
Using a new dataset, this paper presents new evidence on inequality in Latin America for the 19th century and studies the effects of factor endowments and trade on inequality. Recent research has highlighted the link between the colonial origins of inequality and its persistence in Latin America. We find that inequality varied substantially throughout the century and across the region. We ident...
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ژورنال
عنوان ژورنال: Input-Output Analysis
سال: 1999
ISSN: 1341-9803,2187-3208
DOI: 10.11107/papaios.8.45