Theory of International Trade

Dixit, Avinash; Norman, Victor

doi:10.1017/cbo9780511628627

Cited by 881 publications

(199 citation statements)

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“…30 See Stolper and Samuelson (1941). Contemporary expositions can be found in Bhagwati, Srinivasan and Panagariya (1998) and Dixit and Norman (1980). cause increases in the wage rate and decreases in the real return to capital.…”

Section: Reverse Causationmentioning

confidence: 99%

The Political Economy of Investment in Human Capital

Pineda¹,

Rodríguez²

2006

Economics of Governance

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Investments in human capital accumulation, government consumption and total government expenditures present a striking negative correlation with capital shares. This correlation is robust to alternative specifications, lists of controls, and exclusion of outliers. Causality tests strongly support the hypothesis that the direction of causation runs from capital shares to the government spending variables. We present a political economy model of interest groups that can account for these correlations.In contrast, a median voter model predicts positive correlations between capital shares and the government spending variables.

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Section: Reverse Causationmentioning

confidence: 99%

The Political Economy of Investment in Human Capital

Pineda¹,

Rodríguez²

2006

Economics of Governance

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“…In the more recent literature the effects of changes in technology are discussed (see e.g. Dixit and Norman, 1980, for an overview). While these contributions address mainly the effects on trade and utility, they do not discuss the effects on relative factor prices -which is the main topic to be dealt with in this paper.…”

Section: Introductionmentioning

confidence: 99%

The effects of factor and sector biased technical change revisited

Stehrer

2009

Econ Change Restruct

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in FIW -Working PaperThe effects of factor and sector biased technical change revisited Robert StehrerIn the trade-technology-wage debate, the effects of the various forms of technical progress on relative factor prices have been addressed in a number of contributions over the past decade. However, the existing literature is far from conclusive. The various contributions have either relied on specific assumptions, such as Leontief technologies or Cobb-Douglas demand, that have been decisive for the respective conclusions, or they used a more general framework, arriving at ambiguous results in many cases. In this paper we analyse a general equilibrium framework with CES production and CES demand functions, which allows for any discrete number of sectors and countries integrated via trade flows. Technologies are country-and sector-specific and endowment structures differ across countries. The necessary and sufficient conditions under which the relative wage rates are rising or falling in the domestic and foreign economies are derived. This is done for various types of factor-and sector-biased technical change taking place in a particular sector in either the home or foreign country. The conditions -depending on the relative skill intensity of the innovating sector, the elasticities of substitution in demand and supply, the relative factor endowment and the prevailing (equilibrium) relative wage rate -allow for straightforward economic interpretations. This permits to solve the cases classified as ambiguous in the existing literature and provides clear-cut conditions which are important for modelling and empirical research. Furthermore, the results are interpreted with respect to recent empirical studies where special emphasis is given to the sector-biased versus factor-biased hypothesis.

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“…7 See, for instance, Dixit andNorman (1980), or Wong (1995), pp.40-50 for a recent text-book discusion.…”

Section: The Modelmentioning

confidence: 99%

Trade of Permits for Greenhouse Gas Emissions: Bilateral Trade Need not be the Answer

Burguet

Sempere

2010

Environ Resource Econ

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The Kyoto Protocol sets national quotas on CO 2 emissions and allows international trade of these quotas. We argue that this trade is characterized by asymmetric, identity-dependent externalities, and show that bilateral trade may not be sufficient for an efficient allocation of emissions. We derive conditions under which bilateral trade does improve the allocation of permits. The conditions are strong. In this sense, we argue that, for emissions permits, market design matters.J.E.L. Classification Numbers: D62, F18,

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Theory of International Trade

Cited by 881 publications

References 0 publications

The Political Economy of Investment in Human Capital

The Political Economy of Investment in Human Capital

The effects of factor and sector biased technical change revisited

Trade of Permits for Greenhouse Gas Emissions: Bilateral Trade Need not be the Answer

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